XPeng Inc.

Hello, ladies and gentlemen. Thank you for standing by for the fourth quarter and fiscal year 2025 earnings conference call for XPANG 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 call over to your host, Mr. Alex Gee, Head of Investor Relations and Capital Markets of the company. Please go ahead, Alex.

Thank you. Hello, everyone, and welcome to Expo's fourth quarter and fiscal year 2025, our new conference call. Our financial and opportunity results were issued by our newsletter service earlier today and available online. You can also view the press release by visiting the IR section of our website at ir.xiaofeng.com. Participants on today's call from our mentoring team will include co-founder, chairman, and CEO, Mr. He Xiaofeng, vice chairman and president, Dr. Brian Wu, Vice President, Mr. Charles Zhang, Vice President of Madison County, 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 in the IR section of our website. Before we continue, please note that this discussion will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Four looking statements involve inherent risks and certainties. As such, the company's results may be materially different from the views expressed today. Further information regarding these and other risks and certainties 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 four looking statements except as required on the applicable law. It is also noted that EXPO's earnings price release and this conference call include the disclosure of unaudited GAAP financial measures as well as unaudited non-GAAP financial measures. EXPO'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.

Hello, everyone. Back in 2015, many areas of Xiaopeng has achieved a return-based breakthrough. In 2015, our annual turnover was 429,445 units, which is 126% of the total growth. Among them, M03 became is the current champion of the 150,000-level pure electric car, and PG-JIA is the number one pure electric car in the 150,000- to 200,000-level pure electric car category. Our Kunpeng Super-Extra has achieved mass production on the X9, and opened up the era of Xiao Peng's one-car dual-energy. The quality management system of our company and the user satisfaction of NPS are increasing rapidly throughout the year. In 2025, we will be able to sales nearly doubled to 4.5 million units, and overseas revenue accounted for more than 15%. Not only that, but also thanks to the upgrade of physical AI, we achieved the mass production of Turing AI chip and handed it over to our partner, the public. The second generation of VIA also came to an eternal moment. The appearance of Ion-type machines has also aroused global attention. In 2025, we will not only We actively responded to the national call to shorten the supply chain period by 50 days. On this basis, the free cash flow of the whole year is close to 5 billion yuan. At the end of the year, the debt cash is 477 billion yuan. Hello everyone.