General Motors and its joint ventures delivered over 426,000 vehicles in China during the third quarter of 2024, marking a 14.3% sequential growth—the highest since Q3 2022.
For the first time, GM’s sales of new energy vehicles (NEVs), which include battery electric vehicles (BEVs) and plug-in hybrids (PHEVs), outpaced sales of internal combustion engine (ICE) vehicles in China. NEV deliveries exceeded 224,000 units, representing 52.7% of GM China’s Q3 sales and a remarkable 60.7% increase compared to the previous year. “We are building momentum for both sales volume and market share in China,” stated Steve Hill, GM senior vice president and president of GM China. “We are taking prudent actions to return to profitability in China by focusing on growing our sales and controlling our costs.”
Q3 Performance by Brand
- Buick: Delivered more than 67,000 units, with the GL8 family leading its segment. The GL8 became the first premium multi-purpose vehicle in China to reach 2 million in production and sales. In Q3, GL8 sales surpassed 27,000 units, with over 45% coming from its newly launched PHEV variant.
- Cadillac: Surpassed 21,000 deliveries, with the CT5 luxury sedan maintaining its status as the brand’s top seller. The all-new XT5 was added to the lineup during the quarter, and early sales indicate it will enhance Cadillac’s presence in the luxury SUV market.
- Chevrolet: Delivered over 8,000 units, bolstered by the strong performance of the Monza sedan. The Tahoe, a well-established full-size SUV in the U.S., was officially launched in China in Q3 through GM’s premium import platform, The Durant Guild, which opened its first Brand Center in Shanghai in August.
- SAIC-GM-Wuling: Achieved deliveries exceeding 328,000 units, led by the Wuling Hong Guang MiniEV and Wuling Bin Guo EV, with more than 70,000 and 60,000 units delivered, respectively. The joint venture celebrated the production of its 2 millionth NEV in August, alongside the successful launch of the all-new Wuling Xing Guang S family SUV, which sold over 9,000 units. Additionally, Baojun introduced its first intelligent long-range new energy SUV, the Yun Hai, in September, offering BEV and PHEV variants for both the Xing Guang S and Yun Hai.
General Motors (NYSE: GM) is committed to transforming transportation by leveraging advanced technology to produce safer, smarter, and lower-emission cars, trucks, and SUVs. With a diverse portfolio of innovative gasoline-powered vehicles and the industry’s broadest range of EVs, GM is steering towards an all-electric future through its Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brands.
