GM’s Recent Business Operations in China

SAIC-GM, a Sino-US joint venture which is in charge of GM’s operations in China, saw a 52.7% drop in sales to 68.75 billion CNY in 2024. In China, where the presence of NEVs is rapidly expanding, GM’s inadequate NEV lineup and slow adoption of connected functions have led to deterioration in business performance. Shipments from January to August 2025 showed a recovery trend, increasing by 27.9% year-on-year to 384,000 units, led by the Buick GL8 (PHEV), the Electra E5 (BEV), and the LaCrosse (ICEV).SAIC GM’s medium-term goal is to further strengthen local development of new models and intelligent technology starting in 2025. The company will launch 12 new NEV models from 2025 to 2027, covering BEV, PHEV, and REEV models, offering a wide range of choices.