XPeng Motors is a leading Chinese intelligent electric vehicle design and manufacturing company, as well as a technology company that integrates cutting-edge Internet and artificial intelligence innovation. We are committed to driving the transformation of intelligent electric vehicles through data, and leading the future of transportation. Based on global vision and local service, XPeng Motors has established a strategic layout. In six years since establishment, XPeng Motors has completed its globalization layout. The company's R&D headquarters is located in Guangzhou, and we have established design, R&D, production and marketing organizations in Beijing, Shanghai, Shenzhen, Silicon Valley, San Diego, Zhaoqing and Zhengzhou through our globalized layout, forming a large-scale, diverse and self-developed cross-border team. As of December 31, 2020, the company has more than 5000 employees, with R&D personnel accounting for about 60% other than frontline employees. XPeng Motors believes that new energy vehicles are not equal to the next era of automobiles. Smart cars (AI+ Internet + automobiles) are the new path of the next era of automobiles. The "double-engine" composed of digitalization and electrification drives the intelligent electric vehicle of Internet genes, which is the biggest differentiated characteristic of XPeng Motors' products.