Rui Chen | Director, IR |
William Li | Founder, Chairman and CEO |
Steven Feng | CFO |
Stanley Qu | VP, Finance |
Tim Hsiao | Morgan Stanley |
Ming Lee | Bank of America Merrill Lynch |
Bin Wang | Credit Suisse |
Edison Yu | Deutsche Bank |
Jeff Chung | Citigroup |
Hello, ladies and gentlemen, thank you for standing by for NIO Inc.'s Third Quarter 2020 Earnings Conference Call. At this time, all participants are in listen-only mode. Today's conference call is being recorded. And I will now turn the call over to your host, Mr. Rui Chen, Director of Investor Relations of the Company.