XPeng Inc.

Hello, ladies and gentlemen. Thank you for standing by for the fourth quarter and fiscal year 2022 earnings conference call for Xpong Inc. 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 conference over to your host, Mr. Alex Shia, Head of Investor Relations of the company. Please go ahead, Alex.

Thank you. Hello, everyone, and welcome to XPeng's fourth quarter and fiscal year 2022 earnings conference call. Our financial and operating results were issued by our Newswire services earlier today and available online. You can also view the earnings press release by visiting the IR section of our website at ir.xiaopeng.com. Participants on today's call from our management will include co-founder, chairman, and CEO, Mr. He Xiaopeng, vice chairman and president, Dr. Brian Gu, Vice President of Finance, Mr. Dennis Liu, Vice President of Corporate Finance and Investment, Mr. Charles Zhang, and myself. Management will begin with the prepared remarks, and the call will conclude with a Q&A session. 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 forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation 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 uncertainties is included in the relevant public filings 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 EXPON's earnings press release and this conference call include the disclosure of unaudited GAAP financial measures as well as unaudited non-GAAP financial measures. EXPON's earnings press release contains a reconciliation of the unaudited non-GAAP measures to the unaudited GAAP measures. I will now turn the call over to our co-founder, chairman, and CEO, Mr. He Xiaopeng. Please go ahead.

Hello, everyone. In 2022, Xiaopeng Motors' delivery volume has exceeded 120,000 units. It is ranked 10th in the list of new energy vehicles in China, with a growth of 23%. Looking back, the industry competition between the macroeconomic economy and new energy vehicles in 2022 has brought many challenges. Our performance has also been under pressure. But in another way, Fortunately, these pressures have also helped us to see the challenges of the industry earlier than most companies in our company. What I am very happy about is that we started to analyze, dig up and solve these problems earlier than most companies in our industry. Since the end of last year, we have decisively carried out strategic review and adjustment, and greatly expanded and promoted the overall organizational structure. and the core to strengthen the short-term of comprehensive capabilities. We choose to self-defeat to carry out a real 20-time startup on a higher dimension and platform. I think that Xiaopeng is about to take a turn. Because we see what our goal is, what our advantages and our disadvantages are. We not only have confidence in the growth of sales and market share, but we are now more focused on the basics, including organizational capabilities, conventional capabilities, marketing capabilities, and the comprehensive improvement of cost capabilities. Hello, everyone. In 2022, XPeng delivered more than 120,000 electric vehicles, a year-over-year increase of 23%, and ranking number 10 among emerging EV makers in China, as measured by vehicle insurance registration volume.