Xiaopeng Motors now has its own operating system. After these automakers pay more attention to software, will it be a competition or cooperation with the company's business development direction? Will it take away the company's market share? Which automakers does the company currently cooperate with in operating system business?

Thundersoft: Hello. Xiaopeng Motors is a partner of the company. The company has always made its decision-making core based on its understanding of the operating system or the software in the entire industrial ecosystem. With the current trend of software-defined cars and the separation of software and hardware, the importance of software has become increasingly prominent as the entire automotive hardware and software platform is transforming into an overall platform. Under this trend, OEMs, Tier1, and product and technology providers such as the company that focus on the platform layer and architecture layer of the operating system have different divisions of labor and cooperation. Car manufacturers must grasp the platform layer and unswervingly promote the separation of software and hardware. OEMs need to form their own teams in software investment so that they can iterate the platform. However, since the entire industry needs a common platform, due to the standardization of remote connections between automotive devices, and the requirements for R&D efficiency and capabilities, a professional operating system manufacturer such as the company is required to undertake the development of the platform layer and architecture layer, or to cooperate in joint development. Tier1 focuses on the hardware supply chain, hardware manufacturing and quality, while the company focuses on the platform layer and architecture layer of the operating system. Since the layout of the automotive business, the company's advantages in industry positioning, technology, and products have become the company's core capabilities and differentiation. Thank you for your attention!