XPeng Inc.

restricted cash, short-term investment, and time deposit in total of $40.1 billion. To be mindful of the length of our earnings call, I will encourage listeners to refer to our press release for more details on our third quarter financial results. This concludes our prepared remarks. We will now open the court questions. Operator, please go ahead.

Thank you. If you wish to ask a question, please press star one on your telephone and wait for a name to be announced. If you wish to cancel your request, please press star two. If you are on a speakerphone, please pick up your handset to ask your question. For the benefit of all participants on today's call, if you wish to ask your question to the management in Chinese, please immediately repeat your question in English. For the sake of clarity and order, please ask one question at a time. Management will respond, and then feel free to follow up with your next question. We have a first question from the line of Tim Sao with Morgan Stanley. Please go ahead.

Thank you, Manager Chen, for accepting my question. I have two questions, which may be related to what Mr. Xiaofeng shared in the briefing. The first question is about the delivery of vehicles. Maybe because of the pandemic and the change of vehicles, the delivery of our vehicles has been weak in the past few months. We also saw that Xiaofeng Motors has made a series of organizational adjustments to this. For investors, we should look forward to how fast and how specific such an organizational adjustment will reflect on the obvious improvement in sales in the next few months. In addition, for G9 month sales, our previous target of 10,000, or the overall turnover target of the new generation of P7 next year, due to the current situation of the entire market, whether our target has been adjusted, this is because it is also closely related to the profit and loss ability of small and medium-sized cars next year. So my first question is about deliveries, because the vehicle deliveries have been slow in the rest of the month, likely due to the modern transition and the COVID curbs. AXPEN has done a series of organizational restructuring, but how fast could this adjustment translate into more meaningful voluntary recovery in the upcoming months, assuming the impact from the COVID restriction could ease over time? And separately, Have we adjusted our 10,000 target for GNI per month or the new P7 next year due to the current supply-demand challenges? This is also highly correlated to the company's profitability into 2023. So this is my first question. Thank you.