GM posts 10% rise in China Q3 deliveries
GMGM(US:GM) Yahoo Finance·2025-10-10 10:22

Core Insights - General Motors (GM) and its joint ventures in China reported nearly 470,000 vehicle deliveries in Q3 2025, marking a 10.1% year-on-year increase, indicating sustained growth in both sales and market share in China for the second consecutive quarter [1] - Demand for new energy vehicles (NEVs) has been a significant driver of this growth, with sales of NEVs and battery electric vehicles (BEVs) increasing annually for 10 consecutive quarters since Q2 2023 [1] Group 1: NEV Portfolio and Product Launches - GM has emphasized a broad NEV portfolio in China, which includes BEVs, plug-in hybrids (PHEVs), and extended-range electric vehicles (EREVs) across major segments [2] - Buick's premium NEV sub-brand, ELECTRA, launched its first model, the ELECTRA L7, in September, built on GM's locally developed Xiao Yao super architecture [2][3] - Starting from 2025, all newly introduced Buick models in China will be NEVs, with plans to launch the flagship MPV, ENCASA, under the ELECTRA line by year-end [3] Group 2: Performance and Market Trends - GM's strong Q3 performance in China reflects broad-based growth, with senior vice president Steve Hill highlighting the steady progress made in the market [3] - In the US, GM reported an 8% increase in Q3 vehicle sales compared to the previous year, driven by demand for both electric and petrol-powered models [4] - GM set a quarterly EV sales record in the US with 66,501 deliveries, and year-to-date US EV sales reached 144,668, up 105% from a year ago [4][5]