Hello, Mr. Dong, your company has recently frequently cooperated with upstream companies through equity investment to improve the competitive advantage of the upstream supply chain. However, with the recent launch of solid-state battery technology and the iteration of hydrogen energy pure electric technology, how does your company plan for new technologies and new markets? If technology and markets change, is your company ready to respond?

CATL: Dear investors, the company has always paid close attention to and carried out technical layout for the next generation of batteries and emerging technologies in the industry, such as cobalt-free batteries, all-solid-state batteries, and rare metal-free batteries. Thank you for your attention.