XPeng Inc.

Hello, ladies and gentlemen. Thank you for standing by for the first quarter 2024 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 Shee, Head of Investor Relations of the company. Please go ahead, Alex.

Thank you. Hello, everyone, and welcome to Xpeng's first quarter 2024 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 co-founder, chairman, and CEO, Mr. He Xiaopeng, Vice Chairman and President, Dr. Brian Gu, Vice President of Corporate Finance and Investments, Mr. Charles Zhang, Vice President of Finance and 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 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 price release and this conference call include the disclosure of unaudited GAAP financial measures as well as unaudited non-GAAP financial measures. EXPON's earnings price release contains a reconciliation of 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.

In addition, we also made profit from the collaboration and output of the automation technology based on the realization of the smart electric vehicle business. This creates a new and unique model. Xiaohong Motor has been in business for 10 years. It has been developing and investing in high-strength technology such as smart electric vehicle platform, EEA electric motor structure, and smart driver. At present, it has been converted into good financial returns. Then in the era of AI about to be overthrown and rebuild China and even the world's 7015, Xiaopeng also first realized the negative energy output of the self-developed technology and produced an objective and consistent income and profit. This will have a profound impact on our profit model and will also make Xiaopeng more confident and insist on continuing the global technology innovation and leading the change of the technology in the automotive industry.