Operator

Thank you for standing by. This is the conference operator. Welcome to the Microvast First Quarter 2026 Earnings Call. [Operator Instructions] The conference is being recorded.

I would now like to turn the conference over to Microvast, Investor Relations. Please go ahead.

Rodney Worthen
Chief Financial Officer

Thank you, operator, and thank you, everyone, for joining our update today. This is Rodney Worthen, Chief Financial Officer of Microvast. And with me on today's call is Mr. Yang Wu, Founder, Chairman and Chief Executive Officer of Microvast.

Mr. Wu will start off with a high-level overview of the first quarter results before providing some operational and business updates. I will then discuss our financials in more detail before handing it back to Mr. Wu to wrap up with our outlook, some closing remarks and to answer a few questions.

Ahead of this call, Microvast issued its first quarter earnings press release, which can be found on the Investor Relations section of our website, ir.microvast.com. We have also posted a slide presentation to accompany management's prepared remarks for today's call. As a reminder, please note that this call may include forward-looking statements. These statements are based on current expectations and assumptions and should not be relied upon as representative of views for subsequent dates. We undertake no obligation to revise or release the results of any revision to these forward-looking statements due to new information or future events.

Actual results may differ materially from expectations due to a variety of risks and uncertainties. For more information on material risks and other important factors that could affect our financial results, please refer to our