GM(US:GM) Zhong Guo Jing Ji Wang·2025-07-23 11:27Core Insights - General Motors reported a net income of $47.1 billion and a net profit of $1.9 billion for Q2 2025, marking three consecutive quarters of profitability in the Chinese market since turning profitable in Q4 2024 [1] - The company experienced a retail sales rebound in China, with over 890,000 units sold in the first half of the year, representing a year-on-year increase of 9.4% [3] - The two main pillars driving profitability in China are the strong performance of new energy vehicles and the Buick GL8 family [4] Group 1: New Energy Vehicles - General Motors' new energy vehicle sales (including pure electric and plug-in hybrid) have been on the rise, with a 50% year-on-year increase in Q2 [4] - The company launched a new sub-brand "至境" (Zhijing), with its first luxury electric sedan named "至境L7" [5] - The new energy product matrix has been a key factor in increasing market share, positioning General Motors as the leading foreign automaker in China [4] Group 2: Buick GL8 Family - The Buick GL8 family has seen continuous improvement in its product lineup, with new models launched in Q2, leading to sales exceeding 10,000 units for three consecutive months [5] - Year-to-date sales for the GL8 family increased by 37.4% compared to the previous year [5] Group 3: Challenges with the Dorranger Brand - The Dorranger brand, launched in September 2022 to explore the high-end imported car market, faced challenges due to fluctuating import tariffs and has suspended new car imports as of May this year [6] - General Motors is restructuring the Dorranger import business in response to changing market conditions, indicating a need for practical engagement in the high-end market [6]