jochen: it is marginal. you look at the business that they have in battery swapping, they only have a share of that anyway, it is giving away to another company. it is kind of complicated. i don't think it will make much of a difference. and then cutting 10% of the workforce short-term helps. longer-term, that can be the strategy for a startup, and they will have to cut corners, cut costs. . it will slow down their r&d. and i don't think it actually helps for a startup to do that. shery: let's talk a bit about the competition, and perhaps a w ay for nio and other ev makers internet to gain an edge over the overseas market. how feasible is that? jochen: it's very difficult. nio has actually tried to get into the european market, and so far, they have only sold a few hundred vehicles. they are priced too high for afford market, where nobody really -- they have a problem with brand recognition. say a majority of the europeans have never heard of their brand. it takes a while, normally, you should only do that w