Xiang Li | Chairman and Chief Executive Officer |
Tie Li | Director and Chief Financial Officer |
Yanan Shen | Director and President |
Kai Wang | Chief Technology Officer |
Fei Fang | Goldman Sachs |
Tim Hsiao | Morgan Stanley |
Paul Gong | UBS |
Li Wang | CIBC |
Robert Cowell | 86Research |
Hello ladies and gentlemen. Thank you for standing by for Li Auto's Third Quarter 2020 Earnings Conference Call. [Operator Instructions] Today’s conference call is being recorded. I will now turn the call over to your host Janet Chang [ph], Director of Investor Relations of the company. Please go ahead, Janet.