XPeng Inc.

I will now turn the call over to your host, Mr. Alex Z, Head of Investor Relations, Capital Markets of the company. Please go ahead, Alex.

Thank you. Hello, everyone, and welcome to Xpeng's fourth quarter and fiscal year 2024 earnings conference call. Our financial and operating results were issued via 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.xpeng.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 Corporate Finance and BW Projects, 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. Overlooking statements involve inherent risks and uncertainties. As such, the company's results may be materially different from the views expressed today, so the 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 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,我是何晓鹏。 在2024年的第四季度,我们达成了过项的关键目标, 交付量达到了91507台的新高。 我们的汽车的毛利率连续六个季度改善, And in the second half of the year, the free-throw limit was exceeded by 4 billion. I believe this is a fully verified example of Xiaopeng's transformation in terms of size, systematization, and strategic driving capabilities. In 2025, we will become the champion of the new four-wheel drive in two consecutive months. It will also become one of the most stable cars. I believe that stability can support us. This year, Xiaopeng will focus on further improving Hello everyone, I'm He Xiaopeng.