Eve Tang | Capital Markets and Investor Relations |
William Li | CEO |
Steven Feng | CFO |
Stanley Question | SVP, Finance |
Tim Chau | Morgan Stanley |
Ming Hsun Lee | Bank of America Merrill Lynch |
Bin Wang | Credit Suisse |
Jeff Chung | Citi |
Nick Lai | JPMorgan |
Fei Fang | Goldman Sachs |
Edison Yu | Morgan Stanley |
Xue Deng | CICC |
Paul Gong | UBS |
Hello ladies and gentlemen. Thank you for standing by for NIO Incorporated's fourth quarter and Full Year 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.