GM(US:GM) Guan Cha Zhe Wang·2025-10-09 08:40Core Viewpoint - General Motors (GM) has achieved sustained sales growth in both the Chinese and American markets in Q3 2023, driven by different power sources and a strong focus on electric and fuel vehicles [1][5]. Group 1: Sales Performance - In China, GM's retail sales reached approximately 470,000 units in Q3, marking a year-on-year increase of 10.1%, achieving consecutive quarters of sales and market share growth [1]. - Buick brand sales in Q3 saw a significant year-on-year increase of 54.3%, with the Buick GL8 family selling over 34,000 units, up 24.5% [3]. - Cadillac brand sales grew by 11.2%, with the new generation Cadillac XT5 experiencing a nearly 90% year-on-year increase in sales [3]. Group 2: Electric Vehicle Strategy - GM's total sales of new energy vehicles and pure electric models have continued to rise, achieving year-on-year growth for ten consecutive quarters since Q2 2023 [3]. - Starting in 2025, all new Buick models launched in China will be new energy vehicles, covering pure electric, plug-in hybrid, and range-extended electric vehicles across all mainstream price ranges [3][4]. - The Chevrolet Equinox EV has become the best-selling electric vehicle in the U.S. after Tesla, with total electric vehicle sales in the U.S. reaching 144,700 units in 2023, a 105% year-on-year increase [5]. Group 3: Market Position and Future Outlook - GM's strong performance in Q3 reflects a robust development pace in the Chinese market, supported by local innovation and partnerships [4]. - The company has recorded the best-ever sales for its fuel and electric vehicle lineup in the U.S., with strong pricing, low incentives, and low inventory contributing to market share growth [6].