General Motors Clocks 9% Growth In China Q2 Deliveries
Portfolio Pulse from Nabaparna Bhattacharya
General Motors (GM) reported a 9% increase in vehicle deliveries in China for Q2, with over 526,000 vehicles delivered. The company also saw double-digit growth for the Chevrolet and Cadillac brands, with over 115,000 new energy vehicle (NEV) sales. GM is on track to launch more than 20 new and refreshed models in China this year, a third of which will be NEVs. The company is also increasing its EV manufacturing capacity in China, aiming for over 1 million units annually by 2025.
July 10, 2023 | 5:09 pm
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General Motors reported strong Q2 results in China, with a 9% increase in vehicle deliveries and double-digit growth in NEV sales. The company is also expanding its EV manufacturing capacity in China, aiming for over 1 million units annually by 2025.
The reported growth in vehicle deliveries and NEV sales in China indicates a strong performance by General Motors in the Chinese market. The company's plans to expand its EV manufacturing capacity in China also suggest a positive outlook for its future performance. However, despite the positive news, GM shares are trading lower, which may be due to other market factors.
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