Li Auto Inc. (LI) Q3 2025 Earnings Call

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WEBVTT 00:00:01.600 -- 00:00:06.345 Hello, ladies and gentlemen. Thank you for standing by for Lee Otto's third quarter 2025 00:00:06.345 -- 00:00:11.511 earnings conference call. At this time, all participants are in listen-only 00:00:11.511 -- 00:00:14.695 mode. Today's conference call is being recorded. 00:00:14.695 -- 00:00:16.717 I will now turn the call over to your host, Ms. 00:00:16.717 -- 00:00:19.721 Janet Tseng, Investor Relations Director of Lee Otto. 00:00:19.721 -- 00:00:22.163 Please go ahead, Janet. 00:00:22.163 -- 00:00:25.407 Thank you, Operator. Good evening and good morning, everyone. 00:00:25.407 -- 00:00:30.237 Welcome to Lee Otto's third quarter 2025 earnings conference call. 00:00:30.237 -- 00:00:34.843 The company's financial and operating results were published in a press release earlier 00:00:34.843 -- 00:00:38.568 today, and they were posted on the company's IR website. 00:00:38.568 -- 00:00:41.591 On today's call, we will have our Chairman and CEO, Mr. 00:00:41.591 -- 00:00:47.238 Xiang Li, and our CFO, Mr. Johnny Tia Li, to begin with prepared remarks. 00:00:47.238 -- 00:00:50.162 Our President, Mr. Donghui Ma, and CTO, Mr. 00:00:50.162 -- 00:00:53.052 Yan Xie, will join for the Q&A discussion. 00:00:53.052 -- 00:00:57.638 Before I continue, please be reminded that today's discussion will contain forward-looking 00:00:57.638 -- 00:01:00.983 statements made under the safe harbor provisions of the U.S. 00:01:00.983 -- 00:01:05.349 Private Securities Litigation Reform Act of 1995. 00:01:05.349 -- 00:01:09.434 Forward-looking statements involve inherent risks and uncertainties. 00:01:09.434 -- 00:01:14.441 As such, the company's actual results may be materially different from the views expressed 00:01:14.441 -- 00:01:19.729 today. Further in...