XPeng Inc.

hello ladies and gentlemen and thank you for standing by for the third quarter 2021 earnings conference call for expeng inc at this time all participants are in listen only mode after the 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 alexey head of investor relations of the company please go ahead alex

Thank you. Hello, everyone, and welcome to EXPOM's third quarter 2021 earnings conference call. Our financial and operating results were issued by our newswire services earlier today and are available online. You can also view the earnings press release by visiting the IR section of our website at ir.shop.com. Participants on today's call from our management will include co-founder, chairman, and CEO, Mr. He Xiaofeng, vice chairman and president, Dr. Brian Gu, vice president of finance, Mr. Dennis Lu, vice president of corporate finance and investments, Mr. Charles Zhang, and myself. Management will begin with prepared remarks, and the call will conclude with a Q&A session. A webcast replay of this conference call will be available in the IR section of our website. Before we continue, please note that today's discussion will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Security Solidification Reform Act of 1995. Forward-looking 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 certainties is included in the relevant public findings of the company, as filed with the U.S. Securities and Exchange Commission. The company does not assume any obligation to update any forward-looking statements except as required under applicable law. Please also note that Expense Earnings Press Release and this conference call include the disclosure of unaudited GAAP financial measures as well as unaudited non-GAAP financial measures. Expense Earnings Press Release contains a reconciliation of the unaudited non-GAAP financial measures to the unaudited GAAP financial measures. We will now turn the call over to our co-founder, chairman, and CEO, Mr. He Xiaopeng. Please go ahead.

Hello, everyone. In the third quarter of this year, the number of small and medium-sized vehicles has increased to 25,666, which is 199% of the total growth. In the previous nine months, the total number of vehicles has exceeded 56,400, which is twice the total number of vehicles in 2020. In September and October, the number of vehicles has exceeded 10,000 in two consecutive months. Our goal is to hit 150,000 vehicles in one month. Then, with the rapid growth of the yield, the scale effect and the ratio of P7 yield reached 99% and 77%. Then, in the third quarter, our interest rate reached 14.4%, and the ratio increased by 2.5%.