Mon, January 6, 2025
SHANGHAI – General Motors and its joint ventures continued to boost their sales momentum in the fourth quarter of 2024, as proactive actions to improve product competitiveness and the retail experience started to take effect.
Deliveries in China jumped 40.6% quarter on quarter to nearly 600,000 units, following the 14.3% sequential sales gain in Q3. It was the highest quarter-on-quarter increase since Q2 2022. In 2024, the company delivered over 1.8 million vehicles in China.
“Listening to the customer is on top of our priorities when we look at opportunities to improve the business,” said Steve Hill, GM senior vice president and president of GM China. “With a sharpened focus on product strength and the retail experience, we are confident in getting positive feedback from our customers.”
- Record New Energy Vehicle (NEV) Share – GM’s joint ventures in China offer the most comprehensive NEV lineup among global OEMs. In 2024, NEV deliveries, including battery-electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), were up 50% year on year, accounting for almost half of annual sales.
- Product Highlights – The Buick GL8 family continued to dominate China’s premium MPV market, becoming the first model series to break 2 million units in production and sales in September. Deliveries of the PHEV version have surpassed 23,000 units since its launch in the second quarter of 2024. The all-new Cadillac XT5, launched in September, booked deliveries of nearly 15,000 units in Q4, its first complete quarter. The Wuling Hong Guang MINIEV family achieved sales of over 100,000 units in Q4, with total annual sales exceeding 260,000 units.
- Premium Import Business – The Durant Guild, GM’s premium import vehicle and lifestyle platform, introduced the Chevrolet Tahoe and GMC Yukon last year. Deliveries of the two full-size SUVs will start in March 2025. The Durant Guild now operates seven brand experience centers across key cities in China, with plans to open seven additional facilities in 2025.
General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is GM’s battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.
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CONTACT:
Levi Wang GM China Communications (+86-21) 3850-7400 Levi.wang@gm.com |
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