Li Auto Inc. (LI) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.357 Hello, ladies and gentlemen. Thank you for standing by for Lee Otto's first quarter 2025 00:00:05.357 -- 00:00:11.404 earnings conference call. At this time, all participants are in listen-only mode. 00:00:11.404 -- 00:00:14.387 Today's conference call is being recorded. 00:00:14.387 -- 00:00:16.610 I will now turn the call over to your host, Ms. 00:00:16.610 -- 00:00:20.234 Janet Zhang, Investor Relations Director of Lee Otto. 00:00:20.234 -- 00:00:22.894 Please go ahead, Janet. 00:00:23.037 -- 00:00:26.221 Thank you, Kelly. Good evening and good morning, everyone. 00:00:26.221 -- 00:00:31.329 Welcome to Li Auto's first quarter 2025 earnings conference call. 00:00:31.329 -- 00:00:36.117 The company's financial and operating results were published in a press release earlier 00:00:36.117 -- 00:00:40.063 today and are posted on the company's IR website. 00:00:40.063 -- 00:00:43.228 On today's call, we will have our chairman and CEO, Mr. 00:00:43.228 -- 00:00:48.737 Xiang Li, and our CFO, Mr. Johnny Tie Li, to begin with prepared remarks. 00:00:48.737 -- 00:00:52.963 Our president, Mr. Donghui Ma, and our senior vice president, Mr. 00:00:52.963 -- 00:00:59.066 James Liang Jingzhou, and our CTO, Mr. Yan Xie, will join for the Q&A discussion. 00:00:59.066 -- 00:01:04.292 Before I continue, please be reminded that today's discussion will contain forward-looking 00:01:04.292 -- 00:01:08.136 statements made under the safe harbor provisions of the U.S. 00:01:08.136 -- 00:01:11.880 Private Securities Dedication Reform Act of 1995. 00:01:11.880 -- 00:01:13.382 Forward-looking 00:01:13.382 -- 00:01:17.226 statements may involve inherent risks and uncertainties. 00:01:17.226 -- 00:01:22.332 As such, the company's actual results may be materiall...