Eve Tang | Capital Markets and Investor Relations |
William Li | Founder, Chairman and Chief Executive Officer |
Steven Feng | Chief Financial Officer |
Stanley Qu | Vice President of Finance |
Jade Wei | Associate Vice President, Capital Markets and Investor Relations |
Nick Lai | J.P. Morgan |
Bin Wang | Credit Suisse |
Tim Hsiao | Morgan Stanley |
Ming-Hsun Lee | BofA Securities |
Lei Wang | CICC |
Edison Yu | Deutsche Bank |
Paul Gong | UBS |
Kelvin Lau | Daiwa |
Vijay Rakesh | Mizuho |
Hello, ladies and gentlemen. Thank you for standing by for NIO Incorporated’s First Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. Today’s conference call is being recorded. I will now turn the call over to your host, Ms.