GM CEO Says In China New Energy Vehicles, Outsold Ice Models During Q3; Cruise Team Continues To Improve Tech, Cost Structure
Portfolio Pulse from Benzinga Newsdesk
General Motors (GM) reported that in China, their new energy vehicles outsold internal combustion engine models during the third quarter. Additionally, GM's Cruise team is working on improving technology and cost structure.
October 22, 2024 | 12:41 pm
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GM's new energy vehicles have surpassed sales of internal combustion engine models in China for Q3, indicating a strong shift towards electric vehicles. The Cruise team is also enhancing technology and cost efficiency.
The shift in sales from ICE to new energy vehicles in China suggests a positive trend for GM's electric vehicle strategy. Improvements in Cruise's technology and cost structure could further enhance GM's competitive edge.
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