[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Will the spread between U.S. and worldwide metrics tighten?
### Assistant: It is unclear whether the spread between U.S. and worldwide metrics will tighten.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What data does Mastercard look at for tax refund insights?
### Assistant: Mastercard looks at data from the IRS website for tax refund insights.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When do tax refunds tend to happen?
### Assistant: Tax refunds tend to happen mostly in the window around March and going into April.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Mastercard view the impact of lower tax refunds?
### Assistant: Mastercard views the impact of lower tax refunds as relatively transitory.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Are there any states in the U.S. with different tax filing dates?
### Assistant: Yes, there are some states in the U.S. with different tax filing dates.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the potential for catch-up on lower tax refunds?
### Assistant: The potential for catch-up on lower tax refunds is uncertain.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Mastercard feel about their overall operating metrics?
### Assistant: Mastercard feels good about their overall operating metrics.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the growth rate of credit in the U.S.?
### Assistant: The growth rate of credit in the U.S. is 15%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is driving the credit growth in the U.S.?
### Assistant: The desire of consumers to get back to experiences is driving the credit growth in the U.S.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from Barclays asking questions?
### Assistant: The analyst from Barclays asking questions is Ramsey El-Assal.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the analyst's comment on Warren's future endeavors?
### Assistant: The analyst wishes Warren good luck in his future endeavors.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the impact of tax refunds on U.S. volumes?
### Assistant: Tax refunds have been weighing on U.S. volumes recently.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Will tax refunds become a tailwind in the future?
### Assistant: It is expected that tax refunds will become more of a tailwind in the future.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Mastercard view consumers' desire to get back to experiences?
### Assistant: Mastercard views consumers' desire to get back to experiences as a positive driver for growth.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How are Mastercard's portfolios performing?
### Assistant: According to the text, Mastercard's portfolios, including their co-branded and travel portfolios, are performing very well.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the impact of market share wins on Mastercard's metrics?
### Assistant: The impact of market share wins on Mastercard's metrics is seen in the positive performance of their portfolios, both in terms of debit and credit.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Mastercard feel about drivers from a domestic spend standpoint?
### Assistant: Mastercard feels positive about drivers from a domestic spend standpoint and the cross-border spend standpoint.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the outlook for U.S. volumes going forward?
### Assistant: The outlook for U.S. volumes going forward is dependent on factors such as the performance of portfolios, market share wins, and the gap between the U.S. and the rest of the world.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How is Mastercard performing in the rest-of-world market?
### Assistant: Mastercard is performing well in the rest-of-world market, with some really good metrics in both debit and credit.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the impact of market share on players in the rest-of-world market?
### Assistant: The impact of market share on players in the rest-of-world market will start to tail off as the year progresses, reaching the lapping stage.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Mastercard's market share in the rest-of-world market compare to the U.S. market?
### Assistant: Mastercard's market share in the rest-of-world market is expected to play out differently compared to the U.S. market as the year progresses.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Mastercard view the India opportunity?
### Assistant: Mastercard views the India opportunity as hugely important and sees it as a market with tremendous growth potential.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Mastercard's positioning in India?
### Assistant: Mastercard has a large number of employees based in India, serving the Indian market and other markets in Asia. They have deep engagements with customers in India.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has India's digital economy opened up opportunities for Mastercard?
### Assistant: India's digital economy has opened up opportunities for Mastercard to engage with more Indian citizens and expand their customer base.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the growth of debit and credit solutions in India?
### Assistant: Debit and credit solutions in India are important everyday solutions, and Mastercard is back to pre-embargo growth on the issuing side with their customers in India.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How is Mastercard engaging with customers in India?
### Assistant: Mastercard is engaging with customers in India through their employees based there and plans to bring more innovation from their India-based team.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the financial inclusion opportunity in India?
### Assistant: In India, there is both a financial inclusion opportunity and an everyday opportunity in credit and debit.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Mastercard see the future of engagement with the India tech stack?
### Assistant: Mastercard sees the future of engagement with the India tech stack as an opportunity to partner and link their cards into UPI (Unified Payments Interface) and other developments.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How will cards be linked into UPI in India?
### Assistant: The specific details of how cards will be linked into UPI and other aspects of the India tech stack are yet to be seen, but Mastercard is actively involved in those conversations.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which emerging geographies is Mastercard most excited about?
### Assistant: Mastercard does not specifically mention which emerging geographies they are most excited about in the given text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the general cash-to-card opportunity in emerging geographies?
### Assistant: The general cash-to-card opportunity in emerging geographies is seen as a tremendous opportunity for Mastercard, particularly in countries with lower digitization rates.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Mastercard drive digitization in lower digitization rate countries?
### Assistant: Mastercard has learned how to drive digitization and has successfully driven digitization in countries like Mexico in Latin America.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How is Mastercard performing in Latin America?
### Assistant: The text does not provide specific information on how Mastercard is performing in Latin America.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the digitization rate in Mexico?
### Assistant: The text does not provide specific information on the digitization rate in Mexico.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Mastercard drive digitization in Mexico?
### Assistant: Mastercard drives digitization in Mexico by leveraging their expertise and experience in driving digitization in other countries.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the growth potential for Mastercard in lower digitization rate countries?
### Assistant: The growth potential for Mastercard in lower digitization rate countries is seen as tremendous, as they have successfully driven digitization in other regions.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Mastercard's performance in emerging geographies compare to established markets?
### Assistant: The text does not provide a direct comparison of Mastercard's performance in emerging geographies to established markets.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What strategies does Mastercard have in place to capture the cash-to-card opportunity?
### Assistant: The text does not provide specific information on the strategies Mastercard has in place to capture the cash-to-card opportunity.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Mastercard plan to capitalize on the growth potential in emerging geographies?
### Assistant: The text does not provide specific information on how Mastercard plans to capitalize on the growth potential in emerging geographies.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the name of the company mentioned in the text?
### Assistant: The company mentioned in the text is Mastercard.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many people does Mastercard employ?
### Assistant: The text does not provide information on the number of people employed by Mastercard.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the Chief Executive Officer of Mastercard?
### Assistant: The Chief Executive Officer of Mastercard is Michael Miebach.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the Head of Investor Relations at Mastercard?
### Assistant: The Head of Investor Relations at Mastercard is Warren Kneeshaw.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What market is Mastercard engaged in today in the cross-border business?
### Assistant: Mastercard is engaged in the cross-border business in China.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Does Mastercard have a license application to participate in the domestic market in China?
### Assistant: Yes, Mastercard has a license application to participate in the domestic market in China.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many years has the Chief Executive Officer been with Mastercard?
### Assistant: The text does not explicitly mention how many years the Chief Executive Officer has been with Mastercard.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is Warren thanking in his final comments?
### Assistant: Warren is thanking the 30,000 people at Mastercard for what they did and do, as well as thanking Michael and Ajay.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is Devin and what role will they have at Mastercard?
### Assistant: Devin is not explicitly mentioned in the provided text, so it is unclear who Devin is and what role they will have at Mastercard.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What kind of relationships has Warren built with the folks on the call?
### Assistant: Warren has built a tremendous set of relationships with the folks on the call.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the Chief Financial Officer of Mastercard?
### Assistant: The Chief Financial Officer of Mastercard is not mentioned in the provided text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which analyst is from MoffettNathanson?
### Assistant: Lisa Ellis is from MoffettNathanson.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which analyst is from JPMorgan Chase and Company?
### Assistant: Tien-Tsin Huang is from JPMorgan Chase and Company.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which analyst is from Wolfe Research?
### Assistant: Darrin Peller is from Wolfe Research.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which analyst is from UBS?
### Assistant: Rayna Kumar is from UBS.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which analyst is from Deutsche Bank?
### Assistant: Bryan Keane is from Deutsche Bank.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which analyst is from Keefe, Bruyette and Woods?
### Assistant: Sanjay Sakhrani is from Keefe, Bruyette and Woods.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which analyst is from AllianceBernstein?
### Assistant: Harshita Rawat is from AllianceBernstein.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which analyst is from Evercore ISI?
### Assistant: David Togut is from Evercore ISI.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which analyst is from Barclays?
### Assistant: Ramsey El-Assal is from Barclays.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which analyst is from Truist Securities?
### Assistant: Andrew Jeffrey is from Truist Securities.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which analyst is from Bank of America Merrill Lynch?
### Assistant: Jason Kupferberg is from Bank of America Merrill Lynch.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the duration of the call?
### Assistant: The duration of the call is stated as 0 minutes.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the main topic of discussion in the text?
### Assistant: The main topic of discussion in the text is the quarterly performance and appreciation for the work of Mastercard employees.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When will the next call take place?
### Assistant: The text does not provide information on when the next call will take place.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the name of the company mentioned in this text?
### Assistant: The name of the company mentioned in this text is NIO, Inc.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the founder, chairman, and CEO of the company?
### Assistant: The founder, chairman, and CEO of the company is Mr. William Li.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the CFO of the company?
### Assistant: The CFO of the company is Mr. Steven Feng.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from Morgan Stanley?
### Assistant: The analyst from Morgan Stanley is Tim Hsiao.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from Credit Suisse?
### Assistant: The analyst from Credit Suisse is Bin Wang.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the vice president of finance at the company?
### Assistant: The vice president of finance at the company is Stanley Qu.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from Bank of America Merrill Lynch?
### Assistant: The analyst from Bank of America Merrill Lynch is Ming Lee.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from HSBC?
### Assistant: The analyst from HSBC is Yuqian Ding.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from JPMorgan Chase and Company?
### Assistant: The analyst from JPMorgan Chase and Company is Nick Lai.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from UBS?
### Assistant: The analyst from UBS is Paul Gong.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from CICC?
### Assistant: The analyst from CICC is Xue Deng.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from Mizuho Securities?
### Assistant: The analyst from Mizuho Securities is Vijay Rakesh.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When was the NIO Q1 2023 Earnings Call held?
### Assistant: The NIO Q1 2023 Earnings Call was held on Jun 09, 2023.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What time was the NIO Q1 2023 Earnings Call held?
### Assistant: The NIO Q1 2023 Earnings Call was held at 8:00 a.m. ET.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the host of the NIO Q1 2023 Earnings Call?
### Assistant: The host of the NIO Q1 2023 Earnings Call is Ms. Eve Tang.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the role of Ms. Eve Tang in the company?
### Assistant: Ms. Eve Tang's role in the company is VP of capital markets.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What kind of statements were made during the conference call?
### Assistant: Forward-looking statements were made during the conference call.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What risks and uncertainties were mentioned during the conference call?
### Assistant: The risks and uncertainties mentioned during the conference call were the inherent risks and uncertainties associated with forward-looking statements.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Where can one find the company's financial and operating results?
### Assistant: The company's financial and operating results can be found on the company's website.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the total deliveries of smart electric vehicles in the first quarter of 2023?
### Assistant: The total deliveries of smart electric vehicles in the first quarter of 2023 were 31,041.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much did the total deliveries increase compared to the previous year?
### Assistant: The total deliveries increased by 20.5% compared to the previous year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expected total deliveries range for the second quarter of this year?
### Assistant: The expected total deliveries range for the second quarter of this year is between 23,000 and 25,000 units.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What new models did NIO launch recently?
### Assistant: NIO recently launched the all-new ES6, the 2023 new ET7, and the flagship coupe SUV EC7.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What features and enhancements does the 2023 Neo ET7 have?
### Assistant: The 2023 Neo ET7 has more than 15 new features and enhancements, leading the change in the premium smart electric mid to large sedan market.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What awards or recognition did NIO's products receive?
### Assistant: NIO's products received recognition such as NIO's ET5 being rated good, the highest safety level by China Insurance Automobile Safety Index (CIASI), and NIO's ES6 winning first place in the 2023 China New Energy Vehicle Initial Quality Study released by J.D. Power.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What company is mentioned in this text?
### Assistant: The company mentioned in this text is NIO.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many years has NIO ranked No. 1 among premium BEVs?
### Assistant: According to the text, NIO has ranked No. 1 among premium BEVs for the fourth consecutive year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When will the NIO ET5 Touring be launched?
### Assistant: The NIO ET5 Touring will be launched on June 15th.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What market is the ET5 Touring designed for?
### Assistant: The ET5 Touring is designed for the premium family vehicle market.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What other vehicle will NIO commence delivery of in the near term?
### Assistant: NIO will commence delivery of the all-new ES8 in the near term.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When will the new EC6 be launched and delivered?
### Assistant: The new EC6 will be launched and delivered in the third quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many different products will NIO's NT 2.0 lineup feature?
### Assistant: NIO's NT 2.0 lineup will feature eight different products.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When will NIO's smart system, Banyan, be upgraded to version 2.0?
### Assistant: NIO's smart system, Banyan, will be upgraded to version 2.0 in June.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many new features and enhancements will be included in Banyan 2.0?
### Assistant: Banyan 2.0 will include over 120 new features and enhancements.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the new feature in Banyan 2.0 related to charging and swapping routes?
### Assistant: The new feature in Banyan 2.0 is automatic planning of charging and swapping routes.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is NOP Plus beta and who is it available to?
### Assistant: NOP Plus beta is a feature released by NIO for all NT 2.0 users. It is based on in-house-developed new intelligent driving technologies and closed-loop data management, making users' journeys more reassuring, comfortable, and efficient.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What will NOP Plus be using in Banyan 2.0 for perception and planning?
### Assistant: In Banyan 2.0, NOP Plus will be using a new proprietary BEV model and occupancy network for perception and a large language model trained with a large-scale data set for planning and control.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When will the Power Swap pilot for highway be available for 40 Power Swap stations?
### Assistant: The Power Swap pilot for highway will be available for 40 Power Swap stations starting from the third quarter this year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many new houses and new spaces does NIO have in its sales and service network?
### Assistant: NIO has 365 new houses and new spaces in its sales and service network.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many new service centers and new delivery centers does NIO have in its sales and service network?
### Assistant: NIO has 359 new service centers and new delivery centers in its sales and service network.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When did the first batch of the new Power Swap station 3.0 start operation?
### Assistant: The first batch of the new Power Swap station 3.0 started operation on April 13th.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many Power Swap stations has NIO installed worldwide?
### Assistant: NIO has installed a total of 1,474 Power Swap stations worldwide, including 119 third-generation Power Swap stations.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many power chargers and destination chargers has NIO installed?
### Assistant: NIO has installed 7,000 power chargers and 8,800 destination chargers.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many third-party chargers is NIO's Power Map connected to?
### Assistant: NIO's Power Map has been connected to over 1.1 million third-party chargers globally.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When did NIO's first 500-kilowatt powered chargers go online?
### Assistant: NIO's first 500-kilowatt powered chargers went online on April 17th.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many NIO user consoles have been established?
### Assistant: Four NIO user consoles have been established.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What partnership did NIO deepen with the World Wide Fund for Nature?
### Assistant: NIO deepened its partnership with the World Wide Fund for Nature (WWF).


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What initiative did NIO join and what is their goal?
### Assistant: NIO joined the Science Based Targets initiative and plans to set a science-based target within the next two years with the goal of contributing to global sustainable development and living up to the blue sky commitment.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What will NIO adjust in response to the changing market situation?
### Assistant: NIO will timely adjust its sales and marketing in response to the changing market situation.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is NIO's commitment in terms of sustainable development?
### Assistant: NIO's commitment in terms of sustainable development is to contribute to global sustainable development and live up to the blue sky commitment.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the company mentioned in this text?
### Assistant: The company mentioned in this text is NIO.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are the priorities of the company mentioned in this text?
### Assistant: The priorities of NIO mentioned in this text are to ensure the market competitiveness of their products and services.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When will the entire NT 2.0 product lineup enter the premium battery electric vehicle market?
### Assistant: The entire NT 2.0 product lineup will enter the premium battery electric vehicle market in the second half of 2023.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many NIO Power stations will be put into operation in the second half of 2023?
### Assistant: 1,000 NIO Power stations will be put into operation in the second half of 2023.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What efforts has the company mentioned in this text made to develop full stack R&D capabilities and core technologies of smart EVs?
### Assistant: The company has made decisive efforts into developing full stack R&D capabilities and the core technologies of smart EVs.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How will NIO's product competitiveness be unleashed?
### Assistant: NIO's product competitiveness will be gradually unleashed through their efforts in developing full stack R&D capabilities and the core technologies of smart EVs, which will better prepare them for the increasingly intensifying competition at the next stage.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the financial role of Steven Feng in the company mentioned in this text?
### Assistant: Steven Feng is the Chief Financial Officer of NIO.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the total revenues in the first quarter of 2023?
### Assistant: The total revenues in the first quarter of 2023 were RMB 10.7 billion.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the first quarter's total revenues compare to the previous year?
### Assistant: The first quarter's total revenues increased by 7.7% year over year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the first quarter's total revenues compare to the previous quarter?
### Assistant: The first quarter's total revenues decreased by 33.5% quarter over quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are the two parts that make up the company's total revenues?
### Assistant: The two parts that make up NIO's total revenues are vehicle sales and other sales.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much were the vehicle sales in the first quarter of 2023?
### Assistant: The vehicle sales in the first quarter of 2023 were RMB 9.2 billion.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the first quarter's vehicle sales compare to the previous year?
### Assistant: The first quarter's vehicle sales decreased by 0.2% year over year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the first quarter's vehicle sales compare to the previous quarter?
### Assistant: The first quarter's vehicle sales decreased by 37.5% quarter over quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was the main reason for the decrease in vehicle sales year over year?
### Assistant: The main reason for the decrease in vehicle sales year over year was the lower average selling price due to a higher proportion of 85 and 75-kilowatt hours standard-range battery pack deliveries, partially offset by an increase in delivery volume.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was the main reason for the decrease in vehicle sales in the current quarter?
### Assistant: The main reason for the decrease in vehicle sales in the current quarter was a decrease in delivery volume and lower average selling price due to a higher proportion of 85 and 75-kilowatt hours standard range battery pack deliveries.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much were the other sales in the first quarter of 2023?
### Assistant: The other sales in the first quarter of 2023 were RMB 1.5 billion.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the first quarter's other sales compare to the previous year?
### Assistant: The first quarter's other sales increased by 117.8% year over year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the first quarter's other sales compare to the previous quarter?
### Assistant: The first quarter's other sales increased by 11.3% quarter over quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the main reasons for the increase in other sales year over year?
### Assistant: The main reasons for the increase in other sales year over year were the increase in sales of accessories, provision of repair and maintenance services, provision of auto financing services, sales of used cars, and the provision of power solutions, due to the continued growth of their users.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the main reasons for the increase in other sales in the current quarter?
### Assistant: The main reasons for the increase in other sales in the current quarter were the increase in provision of auto financing services, sales of accessories, provision of repair and maintenance services, provision of power solutions, and sales of used cars, also due to the continued growth of their users, partially offset by a decrease in revenue from rendering of research and development services.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was the gross margin in the first quarter of 2023?
### Assistant: The gross margin in the first quarter of 2023 was 1.5%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the first quarter's gross margin compare to the previous year?
### Assistant: The first quarter's gross margin decreased from 14.6% in the first quarter of the previous year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the first quarter's gross margin compare to the previous quarter?
### Assistant: The first quarter's gross margin decreased from 3.9% in the fourth quarter of the previous year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the main reasons for the decrease in gross margin year over year and quarter over quarter?
### Assistant: The main reasons for the decrease in gross margin year over year and quarter over quarter were mainly attributed to decreased vehicle margin, specifically changes in product mix and increased battery cost per unit.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the reasons for the increase in personnel costs for NIO?
### Assistant: The increase in personnel costs for NIO was due to the increase in personnel costs related to sales and general corporate functions and increased expenses related to the company's sales and service work expansion.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Why did NIO experience a decrease in SG&A expenses quarter over quarter?
### Assistant: NIO experienced a decrease in SG&A expenses quarter over quarter mainly due to a decrease in sales and marketing activities and professional services.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much was the loss from operations in the first quarter for NIO?
### Assistant: The loss from operations in the first quarter for NIO was RMB 5.1 billion, representing an increase of 133.6% year over year and a decrease of 24.1% quarter over quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was the net loss in the first quarter for NIO?
### Assistant: The net loss in the first quarter for NIO was RMB 4.7 billion, representing an increase of 165.9% year over year and a decrease of 18.1% quarter over quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much was the loss attributable to NIO's ordinary shareholders in the first quarter?
### Assistant: The loss attributable to NIO's ordinary shareholders in the first quarter was RMB 4.8 billion, representing an increase of 163.2% year over year and a decrease of 17.8% quarter over quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was NIO's balance of cash and cash equivalents as of March 31st, 2023?
### Assistant: NIO's balance of cash and cash equivalents as of March 31st, 2023, was RMB 37.8 billion.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is facilitating the Q&A session?
### Assistant: The operator is facilitating the Q&A session.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which company is the operator referring to in the Q&A session?
### Assistant: The operator is referring to NIO in the Q&A session.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Tim Hsiao's affiliation and role?
### Assistant: Tim Hsiao is from Morgan Stanley and is an analyst.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Tim Hsiao's question about?
### Assistant: Tim Hsiao's question is about the cost control and whether NIO will consider streamlining the model portfolio and cutting back on investment in certain projects.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What has NIO been investing more aggressively in since 2021?
### Assistant: NIO has been investing more aggressively since 2021 in new models, sales, marketing, and energy replenishment network.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Will NIO consider streamlining the model portfolio and cutting back on investment in certain projects?
### Assistant: NIO may consider streamlining the model portfolio and cutting back on investment in certain projects.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which projects might NIO consider cutting back on?
### Assistant: NIO might consider cutting back on investment in projects like smartphone, battery, and chipset to refocus resources on the few flagship models.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Does NIO still plan to launch mass market outputs products next year?
### Assistant: Yes, NIO still plans to launch mass market outputs products next year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is NIO's current focus in terms of sales and marketing strategy?
### Assistant: NIO's current focus in terms of sales and marketing strategy is to have a more targeted sales strategy and a marketing strategy for all the eight products based on the NT 2.0 platform.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the current challenge for NIO?
### Assistant: The current challenge for NIO is to ensure that the marketing and sales team can be more dedicated to the eight products and their specific segments.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What does NIO want to ensure for each of its products?
### Assistant: NIO wants to ensure that each product has a dedicated team to take responsibilities in terms of the sales and marketing efforts.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does NIO plan to ensure competitiveness in the changing market situation?
### Assistant: NIO plans to be more agile in facing the challenges of the changing market situation to ensure competitiveness in terms of products and services.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are NIO's big directions in terms of R&D projects?
### Assistant: NIO's big directions in terms of R&D projects are to focus on R&D capability building to build long-term competitiveness.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does NIO plan to adjust the pace of investment in R&D projects?
### Assistant: NIO plans to adjust the pace of investment for different R&D projects based on resources and company priorities.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When does NIO plan to launch the outputs products?
### Assistant: NIO plans to launch the outputs products in the second half of 2024.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is NIO's goal for the go-to-market pace of the outputs products?
### Assistant: NIO's goal for the go-to-market pace of the outputs products is to have a much faster pace to improve efficiency and planning.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does NIO plan to improve efficiency and planning for the outputs products?
### Assistant: NIO plans to improve efficiency and planning for the outputs products by having a faster go-to-market pace.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the timeframe for NIO's planned launch of the outputs products?
### Assistant: The planned timeframe for NIO's launch of the outputs products is the second half of 2024.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is NIO's strategy for reaching its target user groups with the eight products based on the NT 2.0 platform?
### Assistant: NIO plans to have a more targeted sales strategy and marketing strategy for the eight products based on the NT 2.0 platform to reach their specific target user groups.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the name of the company mentioned in this text?
### Assistant: The company mentioned in this text is NIO.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the guidance for the new ES6 sales?
### Assistant: The guidance for the new ES6 sales is to achieve 10,000 units in July.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has the order intake for the new ES6 been since its launch?
### Assistant: The order intake for the new ES6 has been over expectations and has received positive feedback from users and the media.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Is there any bottleneck to the delivery of the new ES6?
### Assistant: There is no mention of any bottleneck to the delivery of the new ES6.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expected sales aggregate for ET5, ES6, and ET5 Touring?
### Assistant: The expected sales aggregate for ET5, ES6, and ET5 Touring is 20,000 units in one month.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When is the company expecting to achieve a sales volume of 20,000 units per month?
### Assistant: The company is expecting to achieve a sales volume of 20,000 units per month.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has the ES6 been received by users and the media?
### Assistant: The ES6 has been well received by users and has received positive feedback in the media.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the test drive conversion rate of the ES6?
### Assistant: The test drive conversion rate of the ES6 has reached a record high in the history of NIO.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the production and delivery target for July?
### Assistant: The production and delivery target for July is 10,000 units.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What preparations are being made to achieve the production and delivery target?
### Assistant: The supply chain team, manufacturing, and other teams are making preparations to achieve the production and delivery target.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the challenge the company is facing with the ET5?
### Assistant: The challenge the company is facing with the ET5 is that it is more expensive compared to last year due to changes in subsidies and charging costs.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has the pricing of the ET5 changed compared to last year?
### Assistant: The pricing of the ET5 has become approximately RMB 20,000 more expensive compared to last year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the challenge the company needs to face regarding the ET5?
### Assistant: The challenge the company needs to face regarding the ET5 is finding a better way to expand user needs and demands.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When is the ET5 Touring going to be launched?
### Assistant: The ET5 Touring is going to be launched on June 15th.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How will the ET5 Touring improve overall product competitiveness?
### Assistant: The ET5 Touring is expected to cater to the diversified needs of individuals and family users, which will boost the company's overall product competitiveness in that market segment.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the margin outlook for the company?
### Assistant: The margin outlook for the company is expected to recover in Q3 and reach over 15% in Q4.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When can we expect the gross profit margin to recover to double digits?
### Assistant: The gross profit margin is expected to recover to double digits in Q3.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expected gross profit margin in Q4?
### Assistant: The expected gross profit margin in Q4 is over 15%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Is there a need for further fundraising events?
### Assistant: There is no mention of a need for further fundraising events.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the concern regarding the company's cash position?
### Assistant: The concern regarding the company's cash position is that it has declined quite fast.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Can the company provide potential fundraising options?
### Assistant: The company does not provide specific potential fundraising options in the text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Is an NIO China IPO being considered for fundraising?
### Assistant: The text does not mention whether an NIO China IPO is being considered for fundraising.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has the delivery performance affected the company's cash position?
### Assistant: The delivery performance, which was lower than the fourth quarter last year, has affected the company's cash position.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the current cash position of the company?
### Assistant: The current cash position of the company is not provided in the text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How fast has the company's cash position declined?
### Assistant: The text does not specify how fast the company's cash position has declined.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the name of the company mentioned in this text?
### Assistant: The name of the company mentioned in this text is not explicitly stated.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the company manage its cash positions?
### Assistant: The company manages its cash positions by practicing prudent management and making adjustments in cash spending. They also have different channels to do fundraising in different markets.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What adjustments has the company made in terms of cash spending?
### Assistant: The company has made adjustments in terms of cash spending by delaying over capex investment and delaying some R&D projects.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which markets is the company focusing on for global market expansion?
### Assistant: The company is focusing on the markets they have already entered for global market expansion. Specifically, they mention Europe as an example.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Does the company have any plans in the capital markets?
### Assistant: The text does not provide information about whether the company has any plans in the capital markets.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from Credit Suisse?
### Assistant: The analyst from Credit Suisse is Bin Wang.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the battery price decline in the first quarter?
### Assistant: The battery price decline in the first quarter is not mentioned in the text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the battery price affect the company's gross margin?
### Assistant: The text does not provide information on how the battery price affects the company's gross margin.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the battery price trend for the second and third quarters?
### Assistant: The text does not mention the battery price trend for the second and third quarters.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from Bank of America Merrill Lynch?
### Assistant: The analyst from Bank of America Merrill Lynch is Ming Hsun Lee.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the price of lithium carbonate impact the company's gross profit margin?
### Assistant: The text does not provide information on how the price of lithium carbonate impacts the company's gross profit margin.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the impact of lithium price changes on the company's gross profit margin?
### Assistant: The text does not provide information on the impact of lithium price changes on the company's gross profit margin.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the company's latest capex and operating expense guidance?
### Assistant: The text does not provide specific information about the company's latest capex and operating expense guidance.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What investments will the company's capex concentrate on?
### Assistant: The company's capex will concentrate on the construction of Power Swap stations, charging network, cell service network, and tooling and production facilities for new models.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Will the company give a clear guidance of capex investment for this year?
### Assistant: The text does not mention whether the company will give a clear guidance of capex investment for this year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What adjustments will the company make dynamically in line with spending and status?
### Assistant: The company will make adjustments dynamically in line with spending and status.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the guidance for operating expense, specifically R&D expense?
### Assistant: The guidance for operating expense, specifically R&D expense, is that the non-GAAP R&D expense will be kept at 3 billion to 3.5 billion per quarter in 2023.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the average non-GAAP R&D expense per quarter in 2023?
### Assistant: The average non-GAAP R&D expense per quarter in 2023 is 3 billion to 3.5 billion.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How will the company manage the spending curve and improve system efficiency?
### Assistant: The text does not provide information on how the company will manage the spending curve and improve system efficiency.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the guidance for SG&A expense?
### Assistant: The guidance for SG&A expense is not explicitly mentioned in the text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Why did the SG&A expense decline in Q1?
### Assistant: The SG&A expense declined in Q1 due to reduced marketing activities and the seasonality impact of Chinese New Year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What events will lead to an increase in SG&A expense from Q2?
### Assistant: The launch of new models, auto show, road show, and more marketing events will lead to an increase in SG&A expense from Q2.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When will the efficiency of SG&A expense improve?
### Assistant: The efficiency of SG&A expense will improve from Q3 when all entry products will be launched and more volume will be realized.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the crucial stage for the company's R&D and mass production of core technology?
### Assistant: The crucial stage for the company's R&D and mass production of core technology is not explicitly mentioned in the text.