General Motors Clocks 9% Growth In China Q2 Deliveries

General Motors Company GM delivered over 526,000 vehicles in China in the second quarter, up 9% from a year earlier.

The company registered new energy vehicle (NEV) sales of over 115,000 units in the quarter under review, recording double-digit growth for the Chevrolet and Cadillac brands.

General Motors said it is on track to launch more than 20 new and refreshed models in China this year, over one-third of which will be NEVs.

Also Read: General Motors Slashes Lyriq EV Price In China By 14%: Report

GM is ramping up its EV manufacturing capacity in China toward more than 1 million units annually in 2025, with a third Ultium Center in Yantai in the pipeline.

The company also plans to open facilities in Shanghai and Wuhan to support the rapid rollout of locally produced Ultium-based EVs.

Price Action: GM shares are trading lower by 0.68% to $39.34 on the last check Monday.