General Motors Reports Strong Q1 2025 Financial Performance with Growth in Strategic Markets

Financial Highlights

General Motors delivered solid Q1 2025 results with $44 billion in net revenue (approx. RMB 3176 billion), marking a 2.34% year-over-year increase. While net profit saw a 6.6% decline to $2.8 billion (approx. RMB 202 billion), the company maintained strong operational metrics with $3.5 billion adjusted EBIT (approx. RMB 253 billion) and 7.9% adjusted EBIT margin.

The company updated its full-year 2025 guidance to account for new U.S. trade policies, projecting:

• $10-12.5 billion adjusted EBIT (approx. RMB 722-902 billion)
• $8.25-10.00 adjusted diluted EPS (approx. RMB 60-72)
• $7.5-10 billion adjusted automotive cash flow (approx. RMB 541-722 billion)

Market Performance

U.S. Market Dominance

GM expanded its U.S. market share by nearly 2 percentage points to 17.2% while maintaining below-average sales incentives. The company ranked #2 in EV sales with quarterly deliveries nearly doubling year-over-year, attracting 60% of buyers from non-GM brands.

Chevrolet emerged as America's fastest-growing EV brand, driven by strong demand for the Equinox EV and Blazer EV models.

SUV Leadership

GM's full-size SUVs achieved their best Q1 sales since 2007, with the Chevrolet TAHOE, Suburban and GMC YUKON collectively holding 69% market share. Mid-size SUV sales surged with the Chevrolet Traverse (+62%), GMC Acadia (+73%) and Buick Enclave (+37%).

Global Sales Overview

GM sold 1,449,000 vehicles worldwide in Q1 (+7.5% YoY), with regional breakdown:

• North America: 819,000 units (+15.5%)
• China: 443,000 units (+0.5%)
• South America: 85,000 units (+1.2%)

Technology & China Strategy

GM is advancing autonomous driving through its Cruise collaboration, enhancing Super Cruise with features like automatic lane changing and intelligent speed control. Super Cruise-equipped vehicles more than doubled year-over-year.

In China, GM achieved three consecutive quarters of market share growth, with NEV sales jumping 53.2% (including EVs and PHEVs). The recent launch of Buick's premium "Zhijing" NEV sub-brand will introduce six new models within 12 months using locally-developed Xiaoyao architecture.