Ming-Hsun Lee: So my second question is related to product pipeline. So this year, you will have a NIO ES8, ES6 and EC6, — ET7 and EC5 version. So what will be the time for ES6 and EC6 to be delivered? Besides that, for ES7 and the ET7 where you have a facelift version to further improve your autonomous driving function as well as marketing function? Could you also elaborate your rough product pipeline for 2024, include the second brand?
William Li: Thank you for your question. Actually, for the second quarter of this year, we are — according to our latest plan, we expect to launch four NIO models, including our most important product, probably that is the ES6, and in July, we plan to deliver the ES6 model. Actually, this is a little bit late compared with our previous plan because of the previous plan is that in the second quarter of this year, we are going to deliver all the five new models. But we will — that probably it’s better for us to have some breathing room between different product launches. So we can probably ensure much higher quality of the products and also make sure the teams have a much better pace the product deliveries and sales. In terms of the product upgrades, we have been continuously making product improvements and we will keep the market informed if there’s any kind of update.
When it comes to the product launch cadence for the next year, I think probably, this is not the right timing for us to share those information, because right now, I believe the teams are facing tremendous pressure, we can deliver the five NIO models this year with very high standards. But all in all, we have the over on pace and over own schedules when it comes to our new product launch and also of a new brand and in terms of the product launch cadence and of a new brand, everything is on track according to our plan.
Operator: The next question comes from Wang Bin with Credit Suisse. Please go ahead.
Wang Bin: Thank you. I actually got two questions about guidance. Number one is about the volume for full year still maintain guidance for 250,000? Because given the recently in the price by the competitors and first quarter delivery, you actually earlier of the product. So we do actually maintain the full year volume guidance of about 250,000? Number one. Number two, you actually mentioned earlier the number four quarter for NIO brands that are known turn on to profitable, given the change in the internal competition, do you actually maintain the same guidance? Thank you.
William Li: In — for the full year of 2023, we are confident that we can achieve our targets. After we complete our product deliveries, we believe that we will see some upside momentum for our vehicle deliveries. For this year, we are going to deliver five new product based on the NT2.0 technology platform. After all of our product portfolio transition to the NT2.0 platform, it means that we are going to enter a very strong product cycle. We believe that this can actually improve our team efficiency much better, because the teams don’t need to sell two generation products at the same time. After we transition all the product portfolio into the technology platform 2.0, we believe we are going to cover probably 80% of the mainstream vehicle models for the BMW, Audi and Mercedes and when you compare our product with their products, we believe our product competitiveness is much stronger.
