Yu Chen: Thank you for answering. Have a nice weekend.
Operator: Thank you. [Operator Instructions] We will now take the next question from the line of Laura Lee from Deutsche Bank U.S. Please go ahead.
Laura Lee: Hi, thank you for taking my question and congratulations on the robust quarter. So, my first question is about the VT-30, our new product. You mentioned you’re already preparing for the testing and the application now. So, are there any specs you can talk about now? And do you expect like the client base, will be similar to the EH216, or the new product will kind – bring us more applications now? Thank you.
Huazhi Hu: Okay, I will translate your question to our CEO, who will take your question. Yes. Actually, we are doing the R&D work for the VT-30 during our certification in the past few years. And we have done some internal testing slides. And for the air traffic volume, as we know the air traffic within the urban area, is the most of the traffic demand. Yes, that’s why we are doing the certification for EH216 type of model. And now, we have completed all the configuration design and internal testing for the VT-30. And in this year, we will put more effort into the testing for VT-30. And we will release more videos, about the flight. Actually, the VT-30 will do a lot of practical flight. And our CEO personally, has checked the flight within VT-30.
It’s a very stable flight experience. And later we will release our CEO’s flight video, with VT-30. And we will submit the TC application for VT-30 within this year. So, the typical, the EHang 216 and VT-30 almost cover all the application scenarios – for the urban air mobility. That’s why these two models are our main products. Yes, we have accumulated a lot of, almost the most flight data for EH216. And soon we will release more updates and progress for the VT-30. Thank you.
Laura Lee: Okay. Thank you so much for the color. And my second question is about, as you mentioned, you recently reached a cooperation agreement with the GAC Group. Could you give more details about this? Like how does it work? Will you like share the R&D, or manufacture collectively? Or like what kind of support – prepares you – provide to each other?
Huazhi Hu: There was a strong variable policy and planned in China, about the low-altitude economy. So under this background, a lot of governments are working with us. So it’s our pleasure to work with some state on enterprises, such as the GAC Group. Yes. The first thing, maybe that pop up into people’s mind, about our collaboration, is mainly about the production. And actually, on the other hand, we will also help the GAC Group, to develop their buying taxis product. Now, we have selected a production site, within Guangzhou enter our cooperation with GAC Group. And we are going to establish autonomous production line with GAC. So through our collaboration, we will continue, to improve the product quality of our eVTOL product and to ensure that the safety of our eVTOL products. Thank you.
Laura Lee: Okay. Thank you so much.
Operator: Thank you. Even the time is limited, let me turn the call back to Ms. Anne for closing remarks.
Anne Ji: Okay. Thank you, operator. Thank you all for participating in our today’s call. If you have any further questions, please contact our – IR firm by email, or participating our following investor events through the calendar information provided on our IR website. And we appreciate your interest, and look forward to our next earnings call. Thank you.
Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.
