XPeng Inc.

Ladies and gentlemen, thank you for standing by for the third quarter 2023 earnings conference call for Xpeng Inc. At this time, all participants are in 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. Alex Zhu, Head of Investor Relations of the company. Please go ahead, Alex.

Thank you. Hello, everyone, and welcome to Expo's third quarter 2023 earnings conference call. Our financial and operating results were issued via 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 team will include our co-founder, chairman, and CEO, Mr. He Xiaopeng, Vice Chairman and President, Dr. Brian Gu, Vice President of Corporate Finance and Investment, Mr. Charles Zhang, Vice President of Finance Accounting, Mr. James Wu, 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 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 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 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. Xpeng'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. 大家好,我很高兴地向各位股东跟朋友们汇报经过三个季度的变革跟努力。

From the third quarter of this year, Xiaofeng's sales, brand, market and free cash flow have all entered the initial positive cycle. In such a complex smart manufacturing industry, it is very difficult to achieve such a carbon recovery. Therefore, I would like to thank everyone for your support and patience. Next, we are very confident to achieve rapid growth in sales in the fourth quarter, as well as a significant rebound in the interest rate, and to achieve