GM(US:GM) Guan Cha Zhe Wang·2025-05-06 10:17Core Insights - General Motors reported a net income of $44 billion for Q1 2025, a year-over-year increase of 2.34, while net profit decreased by 6.6% to $2.8 billion [1] - The company provided updated financial guidance for 2025, projecting adjusted EBIT of $10-12.5 billion and adjusted diluted EPS of $8.25-10 [1][3] Financial Performance - Q1 2025 net income reached $44 billion (approximately ¥317.6 billion), with a net profit of $2.8 billion (approximately ¥20.2 billion) [1] - Adjusted EBIT for the quarter was $3.5 billion (approximately ¥25.3 billion), with an adjusted EBIT margin of 7.9% [1] - Adjusted diluted EPS was reported at $2.78 (approximately ¥20), and adjusted automotive cash flow was $800 million (approximately ¥5.77 billion) [1] Market Position - In the U.S. market, General Motors' share reached 17.2%, an increase of nearly 2 percentage points year-over-year [3] - The company saw nearly a doubling of electric vehicle sales in Q1, with about 60% driven by trade-in demand for non-GM brands [3] - Chevrolet became the fastest-growing electric vehicle brand in the U.S., driven by sales of the Equinox and Blazer electric models [3] Product Development - General Motors is collaborating with Cruise to develop advanced autonomous driving technologies, including L3 capabilities [3] - The Super Cruise system will be standard on nearly all Cadillac electric vehicles, with the number of equipped vehicles more than doubling year-over-year [4] International Market - In China, General Motors achieved a year-over-year sales increase of 53.2% for new energy vehicles, following three consecutive quarters of market share growth [4] - The company plans to offer a diverse range of new energy products, including pure electric, plug-in hybrid, and range-extended technologies [4] Strategic Initiatives - General Motors is enhancing its supply chain and adapting to new trade policies to improve the profitability of its electric vehicle business [5] - The company is accelerating the upgrade of its driver assistance technologies in China, showcasing a new L2 system developed in collaboration with Momenta [5]