Matt Koranda: Okay. Excellent. I’ll leave it there, guys. Appreciate it.
Matteo Anversa: Thanks, Matt.
Phil Eyler: Thanks, Matt.
Operator: Our next question comes from Luke Junk with Baird. Please go ahead.
Luke Junk: Good morning. Thanks for taking my questions. Just two for me this morning. Phil, for starters, I was just hoping you could discuss some of your puts and takes in terms of maintaining the sales guidance? I think you’re now expecting mid-single digit production growth versus low-single digit previously, but we also know there are some risks in the second half in terms of macro and whatnot. Just wondering what the offset is that’s leaving your guidance unchanged, and then just low end versus high end, how you’re thinking about that range of expectations sitting here midyear on the top-line?
Phil Eyler: Yes. I mean we — first of all, we do it bottoms up. So, we’re looking at all the releases from our customers, the vehicle launches, the timing. It’s a very precise process that we go through as we’re putting it together. Of course, in some ways, by vehicle, we’ll have to look at the S&P forecast that’s provided. But frankly, this is a bottom-up build. And this is the way — this is what’s leading to the overall plan.
Luke Junk: Okay. Fair enough. And then for my follow-up, just hoping, in bigger picture, you could just expand on what you’re seeing in the Chinese market more broadly right now, especially is it animated by your bookings? We know there are some competing forces there [indiscernible] thinking, the desire by some Chinese OEMs to keep things in-house versus the drive to include more tech and comfort features in the car, which you can obviously help with. Just where do you see that pendulum today and then reflected in the conversations that you’ve had this year with those customers? Thank you.
Phil Eyler: Sure. Well, obviously, the rate at which EVs are coming out in China is very high, and I think that’s pretty clear on our part by the announcements that we made. And along with that, there’s two things — two dynamics happening with the EVs in the space. Number one is, it’s very competitive to grab the attention of consumers. And so, the OEMs are desiring to add more features to differentiate their offering. And obviously, the thermal comfort, lumbar massage comfort are the things that help OEMs differentiate. The other thing is that, clearly, we’re doing the best we can, and I think a really good job of communicating the power consumption savings of our thermal products in the car. And believe that’s also having a good impact on the win rate.
We have a very strong footprint in China, both from a product development side, sales side, customer management side, and of course, production. So it’s a very localized business model. China moves at an incredible pace, and you have to be there responding 24 hours a day basically to be successful. And I’m really proud of our team. We have just an awesome team in China that is competing hard and winning in that market.
Luke Junk: I’ll leave it there. Thank you.
Phil Eyler: Thanks, Luke.
Operator: That concludes our Q&A session in today’s teleconference. You may disconnect your lines at this time. Thank you for your participation. Have a good day.
