So, one key thing is it’s not just Band-Aid improvements to improve the quality, but fundamentally improving the organization so it’s capable of a much higher level of quality and manufacturing management. I think this is probably the biggest milestone. And then at the same time, I mentioned so the A-sample is about 0.2cpm, so five minutes per cell. B-sample roughly is about five cells per minute, so the speed at which we need to build these cells will be much, much higher while entering into a new level of quality. And then a couple other milestones, including some of the new materials that we’ve been working on, new electrolytes, new anode. And then the scaling up of these materials because we’ll be making cells at much higher speed. That means all these new materials that we’ve developed, we’ll also need to make these materials at much higher volume.
Winnie Dong: Got it, thank you so much. If I can squeeze one in, this one’s for Jing. I guess on your cash used in operation in for 2024, you came in sort of much lower. Can you just remind us what were the factors that contributed to the lower spending, and could that also be some conservatism baked into your 2023 numbers?
Jing Nealis: So, for 2022, the lower level of spending, part of that is just being conservative and be careful with our cash. And then the second part is really, as Qichao mentioned in the last earnings call, that we are focusing on building cells to solve issues, not just to build cells for the sake of building them. So, we built less cells in 2022 comparing to the original plan. So, those are some of the drivers for 2022. For 2023, I think the, as I mentioned during the call, a lot of these spending go into the growth part of our business. We have a pretty aggressive hiring plan. And we’re pulling forward some of the spending to built B-samples lines so that we can be ready to transition into B-sample this year with our OEM partners.
Winnie Dong: Great, thank you so much for taking my questions. I’ll pass it on.
Jing Nealis: Thank you.
Operator: Thank you. Our next question comes from Gabe Daoud from TD Cowen. Gabe, your line is now open, please go ahead.
Gabe Daoud: Hey, everyone. Thanks for taking my questions and for all the detailed remarks so far. Qichao, I was hoping, maybe just at a high level, you could provide some of your thoughts around one of your OEM partners, GM, potentially shifting toward cylindrical cells versus pouch, with Samsung, as has been reported recently in the news. Just curious if you worry or you just think about maybe OEMs continuing to make a shift towards cylindrical as a way to optimize cost at the expense of high-performing anodes via pouch cells? Just any color on that would be helpful.
Qichao Hu: Yes, I can’t comment on the particular choice of formats, especially for GM. I mean, one thing that we are working now with other OEMs is basically trying to find the optimal form factor at the end, for example, is it going to be a 100 amp-hour pouch cell, is it going to be a 100 amp-hour stacked but then prismatic cell, is it going to be a 70 amp-hour, is it going to be a 60 amp-hour, is it going to be a 50 amp-hour? What is the final optimal, basically the cell design? That’s actually part of this A-sample and B-sample work. And then we are testing, for example, 100 amp hours, 70 amp hours, 60 amp hours with, for example, high-nickel cathodes, blended cathodes, different types of cathodes because the final cell, the final format is going to be based on a holistic consideration of safety, performance, cost; several factors.
