Tue, October 10, 2023
SHANGHAI – General Motors and its joint ventures delivered over 541,000 vehicles in China in the third quarter of 2023.
New energy vehicles (NEVs) continued to post robust growth momentum across brands. The new members of the EV family empowered by GM’s Ultium platform and SAIC-GM-Wuling’s GSEV platform – including the Buick ELECTRA E5 and E4, and the Wuling Bin Guo – have been quickly gaining popularity in the market.
Q3 Performance by Brand
- Buick deliveries topped 151,000 units. The performance of the MPV segment leader – the Buick GL8 – remained strong, with sales increasing 9.7% to nearly 40,000 units. The cumulative sales of the brand’s first Ultium models – the ELECTRA E5 and E4 – reached 20,000 units following their launch in the second quarter.
- Cadillac had deliveries of over 45,000 units. The CT5 luxury sedan maintained its position as the brand’s best-selling model, with sales surpassing 18,000 units.
- Chevrolet deliveries exceeded 50,000 units. Sales of the brand’s best-selling nameplate – the Monza sedan – grew 15% to over 35,000 units.
- SAIC-GM-Wuling’s deliveries surpassed 295,000 units. The Wuling Bin Guo EV had sales of over 47,000 units. The Baojun Yun Duo was introduced in August to further expand the joint venture’s EV portfolio. The all-new Wuling Star hybrid SUV was launched in September as the brand continues to strengthen its foothold in the passenger vehicle segment.
GM also continued to accelerate the development and deployment of intelligent driving solutions tailored for the Chinese market. A new software and digital business organization was established at SAIC-GM in August. It will design, develop and operate software and digital solutions and services aimed at creating a best-in-class intelligent connected experience for the Chinese consumers.
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 the Ultium 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.
GM China Communications