XPeng Inc.

Hello, ladies and gentlemen. Thank you for standing by for the third quarter 2020 earnings conference call for XPeng Incorporated. At this time, all participants are in a listen-only mode. After management's remarks, there will be a question and answer session. Today's conference call is being recorded. I will now turn the call over to your host, Mr. Charles Zhang, Managing Director of Strategy of the company. Please go ahead, Mr. Zhang.

Thank you. Hello, everyone, and welcome to the third quarter 2020 earnings conference call of Xpeng Inc. The company's financial and operating results were issued via newsletter services early today and are available online. You can also view the earnings press release by visiting the IR section of our website at ir.xpeng.com. Participants on today's call will include our co-founder, chairman, and CEO, Mr. Xiaofeng He, vice chairman and president, Dr. Brian Gu, Vice President of Finance, Mr. Denis Liu, and myself. Management will begin with prepared remarks, and the call will conclude with a Q&A session. As a reminder, this conference is being recorded. A webcast replay of this conference call will be available on the IR section of our website. Before we continue, please note that today's discussion will contain four looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forelooking statements involve inherent risks and uncertainties. As such, the company's results may be materially different from the views expressed today. Further information regarding these and other risks and uncertainties is included in the relevant public filing of the company as filed with U.S. Securities and Exchange Commission. The company does not assume any obligation to update any forelooking statements except as required under the applicable law. Please also note that Xpeng's earnings press release and this conference call include the discussions of unaudited gap financial measures as well as unaudited non-gap financial measures. Xpeng's press release contains a reconciliation of the unaudited non-gap measures to the unaudited gap measures. I will now turn the call over to our co-founder, chairman, and CEO, Mr. Xiaohong He. Please go ahead. Hello, everyone. Thank you for attending the first phone call after the launch of Xpeng.

Hello, everyone. Thank you for joining Xpeng's inaugural earnings conference call today.