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Location:Home > > Market Intelligence > Electric Vehicle | General Motors EV Sales Surpass ICE Cars for the First Time in China

Electric Vehicle | General Motors EV Sales Surpass ICE Cars for the First Time in China

Date:2024-10-11
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Keyword tags: Electric Vehicle GM
General Motors announced on October 9, 2024, that in the third quarter of this year, its vehicle sales in China increased by 14.3% compared to the second quarter, mainly driven by the growth in sales of new energy vehicles (NEVs), including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). The delivery volume of NEVs exceeded 224,000 units, accounting for 52.7% of GM's Q3 deliveries in China, representing a year-on-year increase of 60.7%.

This marks the first time GM has achieved more sales of new energy vehicles than gasoline cars in the Chinese market.

In the third quarter of 2024, GM and its joint ventures delivered over 426,000 vehicles in China, marking a 14.3% sequential growth, the highest quarterly growth rate since the third quarter of 2022.

SAIC-GM-Wuling accounted for 77% of the company's total Q3 sales in China. The joint venture's compact EVs, including the Wuling Hong Guang MINI EV and Wuling Bingo EV, accounted for over 130,000 of its Q3 sales alone. Meanwhile, Chevrolet (8,000 units), Cadillac (21,000 units), and Buick (67,000 units) combined for less than 100,000 units in sales. Specifically, the brand performance are as below:

• Buick deliveries exceeded 67,000 units. The GL8 family leads its segment and became the first premium multi-purpose vehicle in China to reach a production and sales milestone of 2 million units. GL8 sales exceeded 27,000 units in Q3, with over 45% coming from its first-ever PHEV variant launched in April.


• Cadillac deliveries surpassed 21,000 units. The CT5 luxury sedan maintained its strong performance as the brand's top seller. The all-new XT5 joined the brand's lineup during the quarter, and initial customer sales indicate it will further strengthen Cadillac's position in the luxury SUV market.


• Chevrolet delivered over 8,000 units, with the Monza sedan continuing its robust performance. The Tahoe, a long-time best-selling full-size SUV in the United States, 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 deliveries topped 328,000 units, led by the Wuling Hong Guang MiniEV and the Wuling Bin Guo EV. Both models delivered more than 70,000 and 60,000 units respectively. With the continued expansion of its electrified Wuling and Baojun lineups, the joint venture celebrated the production of its 2 millionth NEV in August. The all-new Wuling Xing Guang S family SUV sold over 9,000 units following its launch in August. Additionally, Baojun introduced its first intelligent long-range new energy SUV, the Yun Hai, in September. BEV and PHEV variants of both the Xing Guang S and Yun Hai are available.

“We are building momentum for both sales volume and market share in China,” said 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.”