So we are actively testing high nickel and the different types of high nickel, LFP, different versions of LFP and the mixtures of those two. And of course, there are different ways of mixing those two. And we evaluate at the end of the day, the performance and density and the overall set of parameters.
Unidentified Analyst: So during the Battery World, do you plan to share the data on other chemistries other than lithium metal?
Qichao Hu: No. So all the data will be for lithium metal. The cathode may come from a combination of high nickel and LFP, but they’re all lithium metal. We don’t make any other cells. We only make lithium metal cells.
Unidentified Analyst: Okay. So related to Line 4 and 5. Line 4 and 5 are designed for B-samples since eVTOL has a lower volume, but can Line 5 be used for commercialization for eVTOL?
Qichao Hu: Exactly. Very good question. And I think Shawn from Water Tower asked the same question. So Line 4 and 5 are very similar. Line 4 is for EV, but then it’s 10 cars of batteries a year, and that’s considered B-sample for EV. Line 5, we can make 10 cars or 5 eVTOLs worth of batteries per year. But that’s considered commercial because in EV, no OEM will give you an order for 10 cars, right? But then in eVTOLs, a lot of the eVTOL companies will happily give you an order for three aircraft or five aircraft, and these are very high margin. And this help us set the standards in the industry. Clear, Line 5 will be for eVTOLs…
Unidentified Analyst: So if that’s the case will there be B-sample line just for eVTOL or Line 5 is more like the C-sample and SOP for eVTOL?
Qichao Hu: Yes. So eVTOL OEMs don’t really divide the phases as clearly as the EV OEMs. So B, C, SOP are sort of mixed together.
Unidentified Analyst: Thanks for the time.
Qichao Hu: Thank you.
Operator: We currently have no further questions. So, I would like to hand the call back to the management team for closing remarks. Over to you.
Qichao Hu: Yes. So thanks, everyone, for tuning in and also supporting us. And it’s not been easy for us to get to this point, and we’re very close to entering B-sample for EV applications and then all the solid foundation that we’ve built with EV OEMs, we plan to definitely continue to work with our EV OEMs, and we continue to have a very good relationship and partnership with them. At the same time, we plan to take this solid foundation that we built, modify it for eVTOL applications. It’s a totally new field. It’s a field that’s happening much faster than we expected and is the field that, like I mentioned earlier, lithium — we really believe that in this decade, 2020, lithium metal is going to enable eVTOL the same way that lithium-ion enabled consumer electronics 30-years ago in the 1990s. So it’s a really exciting field for the future of transportation as well as lithium metal batteries. So I really appreciate everyone’s support. Thank you.
Operator: Thanks everyone. This concludes this conference. You may now disconnect your lines. Thank you.
