Eve Tang | Capital Markets and Investor Relations |
William Li | CEO |
Steven Feng | CFO |
Stanley Qu | SVP, Finance |
Jade Wei | Vice President of Capital Markets |
Jeff Chung | Citi |
Tim Hsiao | Morgan Stanley |
Bin Wang | Credit Suisse |
Ming-Hsun Lee | Bank of America |
Nick Lai | JPMorgan |
Paul Gong | UBS |
Yuqian Ding | HSBC |
Vijay Rakesh | Mizuho |
Xing Chang | CICC |
Hello, ladies and gentlemen. Thank you for standing by for NIO Inc.'s First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. Today's conference call is being recorded. I'll now turn the call over to your host, Ms.