GM China sells over 426,000 vehicles in Q3, EVs and hybrids drive growth

General Motors and its joint ventures delivered over 426,000 vehicles in China in the third quarter of 2024 (July-September 2024). The quarter’s 14.3% sequential growth rate was the highest since Q3 2022. 

GM’s sales of new energy vehicles (NEVs), including battery electric vehicles (BEVs) and plug-in hybrids (PHEVs), surpassed sales of internal combustion engine (ICE) vehicles in China for the first time. NEV deliveries of more than 224,000 units accounted for 52.7% of GM China’s Q3 deliveries and represented a 60.7% year-on-year increase. 

“We are building momentum for both sales volume and market share in China,” said Steve Hill, GM senior vice president and president of GM China. “We are taking prudent actions to return to profitability in China, by focusing on growing our sales and controlling our costs.” 

Q3 performance by brand
Buick deliveries exceeded 67,000 units. The GL8 family leads its segment and became China’s first premium multi-purpose vehicle to hit a 2 million milestone of production and sales. GL8 sales surpassed 27,000 units in Q3, with more than 45% coming from its first-ever PHEV variant launched in April. 

Cadillac deliveries surpassed 21,000 units. The CT5 luxury sedan maintained its strong performance as the brand’s long-standing top seller. The all-new XT5 joined the brand’s lineup during the quarter, and initial customer sales indicate it will further strengthen Cadillac’s position in the luxury SUV market. 

Chevrolet delivered over 8,000 units, with the Monza sedan continuing its robust performance. The Tahoe, a long-time best-selling full-size SUV in the United States, was officially launched in China in Q3 through GM’s premium import platform, The Durant Guild, which opened its first Brand Center in Shanghai in August. 

SAIC-GM-Wuling deliveries topped 328,000 units, led by the Wuling Hong Guang MiniEV and the Wuling Bin Guo EV. More than 70,000 units and 60,000 units were delivered for the two models, respectively. With the continued expansion of its electrified Wuling and Baojun lineups, the joint venture celebrated the production of its 2 millionth NEV in August. The all-new Wuling Xing Guang S family SUV sold over 9,000 units following its launch in August. In addition, Baojun introduced its first intelligent long-range new energy SUV, the Yun Hai, in September. BEV and PHEV variants of both the Xing Guang S and Yun Hai are available for sale in China.