Eve Tang | Capital Markets and Investor Relations |
William Li | Founder, Chairman of the Board and Chief Executive Officer |
Steven Feng | Chief Financial Officer |
Stanley Qu | Vice President of Finance |
Edison Yu | Deutsche Bank |
Ming-Hsun Lee | Bank of America Securities |
Bin Wang | Credit Suisse |
Tim Hsiao | Morgan Stanley |
Nick Lai | JPMorgan |
Lei Wang | CICC |
Paul Gong | UBS |
Jeff Chung | Citi |
Fei Fang | Goldman Sachs |
Hello, ladies and gentlemen, thank you for standing by for NIO Incorporated’s Fourth Quarter 2020 Earnings Conference Call. At this time, all participants are in listen-only mode. Today’s conference call is being recorded. I will now turn the call over to your host, Ms. Eve Tang from Capital Markets and Investor Relations.