Thank you for standing by. This is the conference operator. Welcome to Microvast's fourth quarter and full year 2024 earnings call. As a reminder, all participants are in a listen-only mode, and the conference is being recorded. I would now like to turn the conference over to Microvast Investor Relations. Please go ahead. Thank you, Operator, and thank you, everyone, for joining our update today. With me on today's call are Mr. Yang Wu, Founder, Chairman, and CEO, and Ms. Fariyal Khanbabi, CFO. Mr. Wu will start off with a high-level overview of the full year and fourth quarter results before providing some operational and business updates. Ms. Khanbabi will then discuss our financials in more detail before handing it back to Mr. Wu to wrap up with our 2025 outlook and closing remarks. Ahead of this call, Microvast issued its fourth 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 today. 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 also undertake no obligation to revise or publicly 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 filings with the SEC. We may also discuss non-GAAP financial measures during this call. These measures should be considered in addition to, and not as a substitute for, or in isolation from, GAAP results. These non-GAAP measures have been reconciled to their most comparable GAAP metrics in the tables included at the end of our press release. After the conclusion of this call, a webcast replay will be available on the Investor Relations section of Microvast's website. I will turn the call over to Mr. Wu for opening remarks. Thank you. Thank you, everyone, for joining today's call. I would like to start by welcoming those new and legacy listeners and investors and give a quick snapshot of who Microvast is as a company. Microvast is a global leader in advanced battery technologies, headquartered in Texas, where I founded in 2006. With over 775 talents and with electrified solutions deployed worldwide, we are committed to driving innovation in the energy transition and creating a sustainable future. Key 2024 product highlights, including the ME6, our industry-first overhaulable LFP-based energy storage system designed for a wide range of applications, from utility-scale storage to data center power. We also made significant advancements in silicon-based cell technologies and progress toward all solid-state batteries. Innovation remains central to our growth strategy, so stay tuned for exciting developments. Please join me on slide 4 as I cover a few highlights. We achieved record annual revenue of $380 million and an increase of 24% year- over- year, with a 123% increase in EMEA revenue. Fourth quarter revenue also hits a record of $113.4 million, with a strong 36.6% gross margin. Our overall gross margin improved to 31.5% from 18.7% year- over- year. We delivered an adjusted EBITDA of $8.6 million in the fourth quarter, demonstrating the effectiveness of our strategic execution. The charts are displaying our growth story starting in 2022 through 2024. Our revenue has nearly doubled in this time frame, which demonstrates the increasing market demand for high-performance and diversified products. On the gross profit side, we have grown by a multiple of more than 12x, including year-over-year improvements in the gross margin by 12.8 percentage points. We continue to progress toward maturity within our industry, with a focus on profitability and our ability to leverage operations at scale. Turning to slide 5, I will briefly touch on our business strategy. As we have communicated throughout 2024, we are focused on improving both efficiency and profitability. Microvast executed the strategies of our business in EMEA and APAC while implementing strategic cost-cutting measures in the United States. 2024 was a challenging year. We believe we are at the turning point of sustainable profitability and aim to continue focusing on those metrics for 2025. We have made measurable strides in the business, which allow us to take actions that prioritize our commercially available technologies. We continue to adapt and grow with the changing market opportunities where we see customer demand. Our core focus for continued growth and success includes becoming cash flow positive, maintaining our strong gross margin profile while we expand to meet customer demand, and grow our sales with new products and new market segments. We intend to achieve this through continued innovation, capturing new markets, and expanding both our capacity and the global electrification footprint. Turning to slide 6, we will go over some operations and development updates. We are happy to give a progress update on our Huzhou Phase 3.2 expansion project. This new line should give us up to an additional 2 GWh per year of production capacity in order to meet the high demand for our products. Tin roofs, utilities, and equipment installation are all well underway. The expansion leverages our existing infrastructure and expertise and will help enable us to produce both current and future technologies. We anticipate the first qualified production to come online in the fourth quarter of 2025. Our recent announcements, such as our industry-first overhaulable ME6 energy storage system, our all-solid-state battery, and enhanced silicon-based cells continue progressing. We hope to share more news for those products in the coming months. Please join us on slide 7 to go over our successes in the year, along with some challenges that we faced. We delivered our highest annual revenue, which was up to 24% year- over- year. Our backlog has grown to $401.3 million as regional demand for our technologies continues to rapidly grow. We have also realized great successes in the global heavy industry segments and the maturing Korean market. The company saw tremendous demand increase in the EMEA market for Microvast products with backlog growth, covering the product supply in the short term. We also received the customer nomination for next-generation battery products from one of our leading European CV OEMs. An industry shift in heavy machinery leveraging our technologies led to additional orders from current and new customers, likely as demand for our high-performance products continues. Microvast held 100% of the supply of hybrid trucks to LGMG in 2024. The company boosted cooperation with Zoomlion for its hybrid trucks and entered in an annual framework agreement for all of its hybrid mining trucks. Additionally, Microvast has deepened its relationship with Propel to expand its new models and market segments. We faced the challenges in 2024, including a difficult financing environment, supply constraints, and increased competition in the APAC region. We responded with strategic cost control and operational adjustments. Slide eight through 11 shows some of our recent customer wins. I will go over a few examples that display the market expansion and delivery of successes we have seen with our diversified product portfolio. First, with Zoomlion, we are excited to be the exclusive supplier for its line of hybrid mining trucks, powered by our high-power 53.5 Ah Generation- 4 Pack. Our high-power cells have been increasingly adopted by the mining industry for their performance, safety, and reliability in extreme conditions. We are also working with Dongfeng Trucks to bring mass production of its commercial trucks to the market, which will utilize our 21 Ah and 70.5 Ah Generation- 3 Pack. On the agriculture side, we are working with LGMG to bring the world's largest extended-range heavy-duty tractors to life with our 48 amp-hour Generation- 4 Pack. Microvast continues to pursue the trends in agriculture and is excited to help lead the industry in electrification. The company has also engaged with SUN Mobility for a fast-charging swappable battery project utilizing 19 Ah Generation -3 Pack. Projects like this present a large market opportunity for expansion due to their lower total cost of ownership. This is just a sample of many projects in which we are involved, and we expect to continue expanding our breadth and market segment in 2025. Now, Ms. Khanbabi will provide more detailed overviews of our financial performance. Thank you, Mr. Wu, and thank you, everyone, for tuning in. I will now walk you through our financial performance. Please turn to slide 13, where I will cover highlights from our full year and Q4 2024 results. We recorded revenue of $113.4 million in Q4 2024, compared to $104.6 million in Q4 2023, an 8% year-over-year increase, and, as Mr. Wu mentioned earlier, a record fourth quarter for the company. On a full-year basis, we achieved record revenue of $379.8 million, up 24% from $306.6 million in 2023. Gross profit for Q4 2024 was $41.5 million, up from $23 million in Q4 2023, an 80% improvement driven by operational efficiencies, increased utilization, and disciplined cost control implementation. This resulted in a gross margin of 36.6%, compared to 22% in the prior year period, a 14.6 percentage point improvement. For the full year, gross profit was $119.6 million, more than double the prior year's $57.2 million, reflecting a 109% increase. Gross margin for the full year 2024 was 31.5%, up from 18.7% in 2023, a 12.8 percentage point improvement, reflecting operating leverage and continued efficiency gains. Operating expenses were $43.2 million in Q4 2024, compared to $46 million in Q4 2023. The largest contributor to the quarterly decrease was cost-saving actions taken in the second half of the year in the U.S. and streamlining across all our global operations. On a full-year basis, operating expenses were $238.3 million, compared to $165.9 million in 2023. The increase was primarily driven by non-cash impairment charge of $93.2 million. Our GAAP net loss for Q4 2024 was $82.3 million, compared to a net loss of $24.6 million in Q4 2023. GAAP net loss for the full year 2024 was $195.5 million, compared to a net loss of $106.4 million in 2023. Now turning to non-GAAP results. After adjusting for non-cash settled share-based compensation expense, or SBC, and cost of sales, adjusted gross profit was $41.6 million in Q4 2024, compared to $24.6 million in Q4 2023. This equates to an adjusted gross margin of 36.7% in Q4 2024, up 13.2 percentage points year-over-year. For the full year 2024, adjusted gross profit was $123 million, up from $63.3 million in 2023. Adjusted gross margin for the full year 2024 was 32.4%, compared to 20.7% in 2023, an 11.7 percentage point improvement. After adjusting for non-cash SBC expense in selling and marketing, general administrative, and research and development, adjusted operating expenses in Q4 2024 were $42.8 million, compared to $34.3 million in Q4 2023. After accounting for those adjustments and changes in fair value of our convertible loan and associated warrants, we reported adjusted net loss of $0.6 million in Q4 2024, compared to an adjusted net loss of $11.4 million in Q4 2023. Adjusted EBITDA was $8.6 million in Q4 2024, compared to a negative $2.6 million in the prior year period. Reconciliations of these non-GAAP metrics to the most comparable GAAP metrics are included in the tables at the end of our earnings press release. Management also evaluated the company's ability to continue as a going concern. In prior periods, we disclosed that substantial doubt as to our ability to continue as a going concern existed due to liquidity constraints and recurring operating losses. However, with our operating results in the second half of 2024 and stronger cash positioning, we have made meaningful progress towards financial sustainability. Management believes that its operational initiatives are sufficient to enable the company to meet its obligations that initially raised substantial doubt about the company's ability to continue as a going concern. Based on our current performance, available resources, and expectations for the next 12 months, management has concluded that there is no substantial doubt about our ability to continue as a going concern. Please turn to slide 14, where we will review 2024 revenue by region. In EMEA, we achieved 123% year-over-year growth, with revenue increasing to $187.7 million in 2024, compared to $84.4 million in 2023, accounting for almost half of total revenue. This impressive growth was driven by strong commercial traction in Italy, Germany, and other Western European markets, reflecting continued demand for high-performance battery systems that meet stringent EU safety and performance standards. As the region accelerates its electrification goals, we expect sustained growth. In the United States, revenues rose 360% year-over-year from $3.1 million in 2023 to $14.4 million in 2024, contributing 4% of our total revenue. This increase reflects the early adoption of our battery systems by commercial vehicle OEMs. While the U.S. remains a smaller revenue contributor for us, we are confident in its long-term potential and that regional growth will remain high with meaningful revenue impact in 2025. In Asia-Pacific, revenue declined from $219.1 million in 2023 to $177.7 million in 2024, a 19% year-over-year decrease. This decline is aligned with our strategic repositioning away from low-margin segments in China and India, where price competition remains intense with lower-priced LFP options. Our focus has shifted towards more profitable, higher-value opportunities, especially in regions that emphasize technology differentiation over commoditization. Now turning to slide 15, let me walk you through our cash flow performance for 2024. We generated positive operating cash flow of $2.8 million, a significant improvement compared to $75.3 million outflow in 2023. This turnaround was primarily driven by non-cash adjustments, which helped offset our GAAP net loss. These were primarily $93.2 million in impairment charges, $80 million in fair value adjustments related to our warrant and convertible loan, $30.8 million in share-based compensation, and $30.1 million in depreciation. Cash used in investing activities totaled $12.2 million, primarily from $27.7 million in capital expenditures, partially offset by $10 million from asset disposals and $5.6 million from maturing short-term investments. From financing activities, we generated $37.6 million in net cash, which included $101.5 million in new bank borrowings and $25 million from a convertible loan, partially offset by $66.2 million in repayments and $22.2 million in deferred CapEx. Finally, after accounting for $6.8 million foreign exchange loss, we ended the year with a net increase in cash of $21.4 million, bringing our total cash and cash equivalents and restricted cash to $109.6 million as of year-end, positioning us with stronger financial flexibility heading into 2025. I will now turn it back to Mr. Wu to provide some visibility into outlook for the coming year and closing remarks. Thank you. Please turn to slide 17. We expect 2025 revenue to increase 18%-25% year-over-year. Let's put our revenue guidance in the range of $450 million-$475 million. We also aim to maintain a gross margin target of 30%. For our APAC business, we continue to target production capacity improvements at our Huzhou facility to meet increasing customer demand. Our Phase 3.2 expansion is anticipated to come online later this year, which is expected to give us up to 2 GWh of additional capacity across a variety of our high-performance products. We are also making significant strides toward new and exciting products to add to our extensive product portfolio. We anticipate that our high-growth EMEA business will continue to drive significant revenue increases year-over-year, and we are working to secure new strategic partners for both current and upcoming products. For the America segment, we anticipate growing revenue, and the company regularly assesses its financial needs and analyzes the options available to it. To summarize, 2024 was a year of significant progress and a strategic realignment for Microvast. We achieved record revenues, demonstrating the strong global demand for our high-performance battery solutions. Particularly in the EMEA region, we have significantly improved our gross margins and delivered a positive adjusted EBITDA in the second half of the year, signaling a clear shift towards sustainable profitability. We have made substantial strides in technology innovation, with the unveiling of our ME6 energy storage system and advancements in silicon-based and all-solid-state battery technologies. While we navigate challenges, including a difficult financing environment and localized market pressures, our strategic cost-cutting measures and the focus on a high-demand market have positioned us for continued growth. Looking ahead to 2025, our priorities are clear: achieving positive cash flow, maintaining strong gross margins, and expanding our market reach through continued innovation and strategic partnerships. We are confident in our ability to capitalize on the growing electrification trend and deliver long-term value to our shareholders. Thank you all for attending another historical company quarterly update. We look forward to updating you on our results for the first quarter of 2025.