Hello, Mr. Dong! How is your company's factory construction in Europe going? Has the production capacity been formed? When will your company start producing 4680 large cylindrical batteries?

CATL: Dear investors, according to the company's announcement, the company's Thuringia plant in Germany started construction in 2019 with a planned production capacity of 14GWh; the module production line was put into production in 2021, and the battery cell production license was obtained in April this year. In August this year, the company announced the construction of its second European plant in Hungary with a planned production capacity of 100GWh. Thank you for your attention.