GM(US:GM) Zhong Guo Qi Che Bao Wang·2025-11-05 04:39Core Insights - The 8th China International Import Expo (CIIE) highlights the automotive and smart mobility sector, with General Motors (GM) showcasing its commitment to the Chinese market through innovative local models [1][3] - GM's participation for the eighth consecutive year reflects its confidence in the Chinese market and its strategy of deepening local innovation [3][7] Product Innovations - The Buick Zhijing L7, a flagship electric vehicle, represents GM's local innovation efforts, featuring the "Xiaoyao" super integration architecture and the "Zhenlong" range extender system [3][5] - The Baojun Yueye PLUS, a smart electric SUV, appeals to younger consumers with its unique design and versatility for various urban mobility needs, showcasing GM's experience in the Chinese EV market [5][7] Strategic Partnerships - GM's collaboration with SAIC Motor and its joint ventures are central to its competitive edge in China, leveraging local partnerships and global resources for continued innovation [7][8] - The company's strategy aligns with the upgraded focus of the CIIE on smart, electric, and connected vehicles, presenting a comprehensive future mobility solution [7] Financial Performance - In Q3, GM reported a net revenue of $48.6 billion and an adjusted EBIT of $3.4 billion, with an EBIT margin of 6.9%, exceeding market expectations [7] - GM has achieved profitability in the Chinese market for four consecutive quarters, reinforcing its recovery since the business restructuring last year [7][8]