A：The mass production of the full stack hardware software solution is significant as it represents a key milestone for the company, making them the first in China to deliver full functionalities on a brand new chip in its first vehicle development deployment.The BAHAMA M100 chip is a fine nanometer, automotive-grade AI inference chip built on an AI native dynamic data flow architecture, offering superior computing power and a long-term technological advantage. It enables the deployment of the latest Mind V, L, A model with a tenfold increase in the number of parameters from the previous model, leading to an anticipated massive leap in autonomous driving experiences.

A：The new AI model, starting with Mind V, L, A, is expected to significantly enhance the autonomous driving experience with larger models, higher data training positions, and higher frame rates. These improvements are expected to contribute to a substantial advance in the field of autonomous driving technology.

A：The purpose of the dedicated launch event in June is to provide an in-depth walk-through of the real-world experience across in-cabin interaction, foundational models, autonomous driving system agents, and the BAHAMA M100 chip.

A：For the first quarter, total revenues were 23 billion RMB, up 11.4% year over year and 20.1% to cost or a quarter. Vehicle sales contributed to 21.5 billion RMB, with a 12.7% year-over-year increase. However, profit decreased by 66.6% year over year to 1.8 billion RMB, and diluted net loss per share attributable to ordinary shareholders was 2.26 RMB, compared to a diluted net earnings of 0.62 RMB in the same period last year.

A：For the second quarter of 2023, the company expects vehicle deliveries to be between 95,000 and 110,000 vehicles, and quarterly total revenues to be between 24.1 billion and 25.4 billion RMB. These figures reflect the company's current and preliminary review of the business situation and market conditions, which are subject to change.

A：The order breakdown for the all-new L9 indicates that the base‑level Levi’s version accounts for nearly 90% of orders, while the top‑tier Alpha variant makes up the remaining 10%. This shows that users recognize the value of high-end technology and are willing to pay for high-end configuration, reflecting the brand's solid position in the high-score market above 500000 and achieving a breakthrough in the brand.

A：The new L9 is located in the Changzhou production base, sharing flexible production capacity with the new L8, with strong long-term production guarantee capacity. May and June will be in the ramp-up phase, with monthly production capacity ranging from approximately 4,000 to 5,000 units. In response to the supply bottleneck of the Levi's version of the two-color body and exclusive innovative parts, the guarantee scheme has been completed in conjunction with the core suppliers. The OPPO version has sufficient capacity reserves and can be flexibly adjusted according to market orders. Q2 new L9 delivery volume is expected to be about 8000 units, Q3 after the completion of the full climb, monthly sales are expected to be stable above the monthly average level of the old L9.

A：The company's first quarter earnings were impacted by various factors including the model refresh cycle and a higher mix of I6 and LC vehicles. For Q2, the company expects its gross margin to recover to about 10%. As the model refresh cycle is completed and the product lineup optimized, continued improvement in gross margin is expected for the remainder of the year. The company's first priority is the successful completion of the refresh for the Li 9. The DL9 is showing strong market recognition and is gaining market share in its price segment.

A：The new chips and models have significantly improved the智能化表现, user feedback, and cost reduction. Compared to previous models, the new chip powered by in-house MAHE and 100 shows notable improvement in complex number decision-making with more human-like control, a more longitudinal and natural experience, and a smoother, more comfortable driving and riding experience overall. As the new platform collects data with higher precision and frame range, and the powerful M 100 computer allows for the execution of larger and better algorithms, it drives faster progress in autonomous driving capabilities. The next development direction for the company's intelligent driving system will focus on further scaling up input data and precision models to feed more driving-related semantic information into the neural network, which will allow the model to recognize significantly more signals from sensors. Additionally, the company plans to enhance the cognitive capabilities of the models, particularly their ability to learn short-term cost and effect relationships, which will enable the model to go beyond simple behavior fitting and make human-like judgments in more complex urban traffic scenarios.

A：OK, this is ma donghui, let me answer this question. Our L-series product matrix will become clearer with the launch of the L8. The L9 focuses on 6 flagship seats and the new L8 focuses on 5 flagship seats. The two models complement each other efficiently and continue to consolidate the brand's dominant position in the high-end flagship market. The L8 completed its new-vehicle announcement filing with the Ministry of Industry and Information Technology in April, with an official launch and delivery rollout scheduled for late June. The new car has been lengthened in body size and wheelbase. The interior has been upgraded to a 5-seater layout. The rear seating space has been greatly optimized and the overall riding experience has been comprehensively improved. In the power part, the new car is equipped with a self-developed 1.5T extended range system and a 72.7-degree 5C high-capacity battery. The battery capacity is consistent with the new L9 and shares the same technology platform. It is excellent in energy consumption and endurance performance. In addition, the body also provides a wealth of personalized options such as two-color body electric pedals. For more information, please stay tuned for our June press conference.

A：We believe that in the next 3 to 5 years, the competition of high-end smart cars is essentially the competition of physical intelligence. With the highest technical barriers in the industry and the core factors that determine the company's long-term competitiveness, we will focus on the deep joint design of chips and large models.

A：I am the ideal. In the long run, both factories, stores and users need humanoid robots. In the market landscape, including startups, midfield companies with initial traction revenue, and large companies will all enter the robot circuit. Robots do not belong to any single type of business, but rather the standard workforce, and any company that wants to succeed in this field will develop robotic products and is not limited to a specific company. The key is that the company's business needs determine the way to manufacture robots (purchased or homemade), and the ultimate goal is to realize the large-scale commercialization and industrialization of humanoid robots.

A：Ideal Auto's brand and products continue to be recognized by overseas markets. It attracted a large number of overseas media and users' attention at the Beijing April Auto Show, and has officially signed a contract with UAE and Saudi Arabia head dealers. For markets such as the Middle East and Central Asia, the L-series models will be the main force, and the first overseas exclusive version of the new L9 will optimize the charging performance, cockpit air conditioning thermal management and other hardware and software levels in combination with local usage scenarios. Q3 will officially enter the Middle East and Central Asian markets. At the same time, it will enter Southeast Asian markets such as Macau, Cambodia, Laos, and Myanmar in May. In the second half of the year, the pure electric vehicle 0I6 will be launched in the European market, and the temptation version of mega will be launched in the Asia-Pacific core regions such as Hong Kong and Singapore for the right-hand market. During the product development phase, all new models will be adapted to overseas regulations simultaneously to better support the internationalization strategy.