In his inaugural internal address of the new year, Li Bin, the CEO of NIO, disclosed that during the fourth quarter of the previous year, NIO accomplished the delivery of 40,000 units of its brand-new ES8 model, with each vehicle boasting a robust gross profit margin. He projected that NIO would attain its profitability target by the fourth quarter of 2025 and expressed the hope that the company could sustain a steady annual growth rate of 40% to 50% over the upcoming three to five years. Li Bin delineated three pivotal priorities for the current year: firstly, guaranteeing the high-caliber delivery of three new models as scheduled; secondly, ramping up investment in intelligent driving computing power, with intentions to roll out three major intelligent driving iterations to reclaim industry leadership and allocating a dedicated computing power budget for the intelligent driving division; thirdly, fostering the systematic integration of AI across the entire business ecosystem, constructing a company-wide AI capability framework, and holistically boosting operational efficiency.