Faced with car companies entering the battery manufacturing industry, what policies does CATL have to bind cooperation with car companies? Does CATL have plans to bind with car companies through cross-holding, share exchange, joint venture construction, and subsidiary equity swap?

CATL: Dear investors, as the world's leading independent third-party battery supplier, the company can provide the most competitive performance, the most cost-effective and more diversified products and solutions in the market, and is capable of providing the main battery supply for important automakers. In addition, the company also deepens customer cooperation through investment, joint venture construction, etc. Thank you for your attention.