 Hi everyone, good morning, good afternoon and good evening to all of you. This is Ganesh Ayer, the Managing Director for NIO USA Operations and NIO's Global CIO. As many of you know, NIO is a global company founded back in November of 2014 and a pioneer in China's premium electric market. We design, develop and manufacture connected smart premium electric vehicles, driving innovations in connectivity, artificial intelligence and autonomous driving technologies. Our vision or aspiration is to shape a joyful lifestyle for our users and be the best user enterprise in the world through thoughtful design, amazing services and cutting-edge and best-in-class technologies. As we all know, the electric vehicles only account for approximately 3%, just 3% in the passenger car segments that are being sold today around the world, just 3%. Research shows, and all of you know, I'm sure, the main reason impeding the broader adoption of electric vehicles is all centered around the battery itself. The high price of electric vehicles is largely contributed by the very expensive battery pack. In fact, roughly about 25% of the cost of the EV is for the battery pack itself. That's huge. Then of course, the low residual value of the vehicle is mainly again due to the concern of the battery degradation. So we need to solve this to drive more adoption and drive more users from the internal combustion engine into the EV driven economy in the future. How do we do that? Well, NIO has come up with our own very, very unique NIO power solution and I want to share some information with all of you today. How NIO is driving that innovation using our proprietary NIO power solutions all the way from charging, swapping, as well as upgrading, end to end power service system. As you all know back in late August 2020, we announced a new innovative business model, battery as a service. Essentially, what this means is it allows the users to purchase NIO vehicles and subscribe to the usage of the battery pack as two separate transactions, two separate transactions. So it's essentially a separation of battery and then the vehicle into two separate components and battery separation and the chargeable, swappable and upgradable infrastructure utilization, thereby more reassuring the car ownership as well as better resale value for our users. So what this means is if a user purchase any of the NIO vehicles, ES8, ES6 or even EC6 model and subscribe to a 70 kilowatt battery pack under this vast business model, they can enjoy purchase price reduction of about 70,000 RMB, which is approximately about 10,300 US dollars and pay a very nominal monthly subscription fee of 980 RMB or about 150 US dollars for the battery pack, for the monthly battery pack subscription usage. By doing so, the users will continue to enjoy the existing the tax policies such as purchase tax exemptions and other subsidies that the Chinese government offers for the purchasing of the EV owners, EV vehicles. So our innovative this battery as a service business model was made possible because of our unique innovation around our NIO power solutions. I want to walk you through comprehensive NTO and NIO power solutions. What are the components or elements that made possible under this NIO power solutions? So essentially, if you look at the NTO and the code system for NIO power, it's powered by a NIO power cloud, which is very unique and proprietary to us. You know, your own parking space at your home, your apartments or wherever you live, and then do it yourself, which is mainly battery swap and then the superchargers, which I will walk you through in a minute. And then leverage is a one click for enabling or requesting the power solutions. Let me walk you through each one of them separately. So as I mentioned, this is made possible, the NIO power solution is made possible using our NIO power grid, which is a combination of multiple power replenishment services or solutions all centered around the user experience. So the core of this power grid is chargeable, swappable, and upgradable smart service power system. So on the chargeable front, you know, this is our NIO home chargers. We upgraded recently to the home charger 2.0. It's a new design. By the way, this design won the Red Dot award, very prestigious Red Dot award in our early this year. So as of September, we have installed little over 35,000 power home chargers in your users in their apartments or wherever they live. And then the most recent Beijing auto show, we announced a fast DC charger, so which is three times as powerful as the seven kilowatt AC charger or the NIO home charger that we deployed from the beginning itself. So just to give you a frame of reference for a 100 kilowatt battery pack using this 20 kilowatt power home plus or the DC charging infrastructure, you can get fully charged in three and a half hours as compared to 10 hours for the seven kilowatt power home AC charger. So it is three times faster to charge any battery pack. So the 3.5 hours to 10 hours that is for this, you know, comparison, I gave it mainly for the 100 kilowatt battery pack. So it's quite powerful. And the third one is our power charging solution or NIO supercharging as we call it. So which is mainly installed in all of the busy locations. And as of end of September, we have installed, we have about 54 power charging solutions or the supercharging solutions throughout mainland China, connecting all the four major cities, highways, Guanzhou, Beijing, Shenzhen and Shanghai. And then there's 54 locations have roughly over 350 individual power chargers being installed. So for the users, we also developed a charging map, which we call it as a power map. So this is made possible elevating our, you know, cloud technology, the charging map represents or represents a full-fledged IoT system connecting the users to the service personnel, NIO service personnel and the NIO self-operated charging facilities as well as the public charging facilities. So for example, when a NIO user or any EV user plan wants to plan a trip using the NIO app, the charging map will recommend the charging route along the way. In fact, you know, this mapping solution that we developed, more than half of the charging map users are not NIO owners, but electric vehicle owners of other brands. Because we want to drive our vision is to drive more adoption, driving these users from internal combustion engine into the electric EV segment in the future. So innovative technologies we developed, power map for example, that's more than 50% has actually been used by NIO users. We also have a one-click-for-power solution that we developed, which is again to take the charging anxiety away from these users. So we offer this one-click-for-power, which has also been offered to other owners of other EV brands. So as you can see here, a Tesla Model X being charged by a NIO's Power Mobile van. So it's quite fascinating to see this picture here. So it's a 10 minutes of charging provides approximately 100 kilometers of charge. So that is quite powerful. So we want to provide and we are providing an entrant different charging infrastructure and charging solutions for our users and other users of other EV brands. So the entire power solution entrant is made possible using our mighty power cloud technology. So mainly there are four components, which is the high performance IoT system, Athena, which is a smart simulation, and then the grid, which is the smart route planning, as well as the battery management or the shield solutions. So by utilizing this cloud-based dispatching system and integrating IoT and communication technology into our electric car services, NIO's power replacement experience embodies our vision and innovation. So with this, I want to share a brief video how our NIO power solution works. So hopefully that'll give you much more flavor how this thing actually works. Enjoy this video. Hope you enjoy this video and very informative video. So as you can see from this video, so every NIO car when it goes into the battery swap stations, any of these locations, every single battery that's been removed from the car is being carefully examined by qualified technicians to make sure that the battery that's been removed is completely safe and there are no issues with it. Once it is determined that there are no fault in the old battery being taken out, and it's been fully charged and then kept back in the rotation for the next NIO vehicles for swapping whenever that comes. Just in case if any fault is being determined by the technician and the old battery being removed, that has been sent for repair for safety reasons because we want to make sure safety is absolutely number one priority for our users. So any faulty battery that's been taken out at any of the swap stations is being taken out of rotation and sent for repair before it's been put back into the system. As a matter of fact, we have over 157 battery swap locations throughout mainland China and all the Taiwan cities from Shanghai to Beijing to Shenzhen to Guangzhou and even into some of the tier two highways connecting to those cities. So we have the swapping stations being installed. So 157 stations covering 65 plus cities and the number is counting every week. So because we are selling more cars, wherever the users are, we will NIOs commitment us, we will install a charging station to make sure that they are being taken care because as I mentioned, we are a user centric and user centric company. So we want to take care of the users as much as possible. So that's our number one motto. Very recently, we successfully completed 1 million battery swaps mild station, which we are extremely proud of. By the way, we have over 1200 unique patterns being approved in this NIO power swapping technology that you have seen in this video over 1200 patterns. So every new over who worked on this project is very, very proud of our innovation in your power. So to sum it up, as I mentioned, we are a global company and China is where we started. And that is our first market someday in the near future, we will expand our footprint to more places around the world. And wherever we go, we will carry our innovative power solutions so that our vision and then commitment is to drive more EV adoptions. So in the battery as a service model, I just want to sum it up that we want to drive more internal combustion engine users more and more into the electric segment. So with this battery as a service, it lowers the threshold for the users to purchase the electric car. So it gives more purchasing power to users who could not afford previously. Now they can afford because the price of the car is being reduced by 70,000 RMB. That's quite significant. And it also increases the residual value of the car because the battery is no longer owned by the user. They are being subscribed by the user on a monthly basis. That also ensures the innovation that goes into our battery technology is always being enjoyed and available to every single user. So that takes, again, better battery density, better battery chemistry, users can enjoy it. And of course, it also gives that flexibility of that upgrade. So I hope you enjoyed my presentation. I hope it was very informative. I'm sure some of you may have lingering questions. As always, if you have any questions, please, please email them to press at neor.io email address. I assure you that we will get back to you with answers at the earliest. Thank you very, very much. Have a great day.