Group 1 - President Trump's optimistic remarks on U.S.-China trade negotiations have positively impacted U.S.-listed Chinese stocks, including NIO [1] - Chinese tech stocks, such as Alibaba, Baidu, NIO, and JD.com, have seen gains due to enthusiasm about AI, support for domestic semiconductor development, and easing U.S.-China tensions [3] - Reports indicate that Beijing has instructed local firms to stop purchasing NVIDIA AI chips and instead utilize domestic solutions, further supporting local tech stocks [2] Group 2 - A phone call between President Trump and China's Xi Jinping is scheduled to discuss the ongoing truce that has temporarily reduced tariffs and address disagreements over technology and intellectual property [4] - The temporary truce was agreed upon in response to warnings about inflation and product shortages, allowing time for further negotiations [5] - The unpredictability of Trump's rhetoric regarding tariffs poses a risk, as a return to higher tariffs could occur if negotiations do not progress positively [5]

1Q 2025 Earnings Conference Call May 5, 2025 Forward-Looking Statements Statements made during this presentation that set forth expectations, predictions, projections or are about future events are based on facts and situations that are known to us as of May 5, 2025. We believe that our expectations and assumptions are reasonable. Actual results may differ materially, due to risks and uncertainties, such as those described on pages 12-23 of our Form 10-K filed on February 28, 2025 and other subsequent filin ...