Currently, NIO is actively deploying battery swap stations at home and abroad, but there is currently a lack of unified parameter standards for the battery swap station industry. As a leading battery manufacturer, do you consider participating in the construction and competition in the field of battery swap stations? What is your positioning and development plan in the field of battery swapping?

CATL: Hello investors, the company has launched a combined battery swap overall solution and battery swap service brand EVOGO through its subsidiary Contemporary Electric Service. The battery swap solution, together with the existing home charging and fast charging, constitutes a full-scenario energy replenishment method. The combined battery swap overall solution consists of "battery swap blocks, fast swap stations, and APP", among which the "Chocolate Battery Swap Block" is a mass-produced battery specially developed for shared battery swapping, which can be adapted to most models developed on pure electric platforms. The company has currently launched battery swap services in Xiamen and Hefei, and will work with regional partners in the future to accelerate the construction of the battery swap network and enhance operational service capabilities. Thank you for your attention.