GM’s three way partnership in China, SAIC-GM, delivered greater than 100,000 electrical automobiles in 2023, greater than doubling from the earlier yr.
EV gross sales in GM’s Chinese language three way partnership will double by 2023
With 18,911 EVs delivered in December, GM’s Chinese language three way partnership noticed a 312% enhance in deliveries in comparison with final yr.
SAIC-GM sells electrical vehicles beneath GM’s Buick, Chevy and Cadillac manufacturers in China. The automaker at present builds and sells 5 electrical fashions within the area.
The primary Ultium-based Buick Electra E5 electrical SUV was unveiled in November 2022, adopted by the Electra E4 two months later. In the meantime, the model launched its new Velite 6 final summer season, beginning at simply $15,500 (112,800 yuan).
Cadillac launched its first electrical automotive in China, the Lyriq, in December 2021. Between the Buick Velite, Electra E5 and Cadillac Lyriq, SAIC-GM alone offered greater than 86,000 electrical automobiles.
45,538 of the Buick Velite have been offered, 35,129 of the Electra E5 and 5,400 Lyriqs have been delivered final yr.
The automaker plans to launch eight electrified automobiles (together with PHEVs) over the following two years because it appears to be like to construct momentum. SAIC-GM has two devoted EV factories in Shanghai and Wuhan, the place it builds Ultium fashions. The third manufacturing facility, in Yantai, will likely be operational within the first half of 2025.
In the meantime, SAIC-Volkswagen has now offered greater than 10,000 electrical ID fashions for six consecutive months, led by the electrical VW ID.3 hatch. SAIC Group was China’s second-largest NEV maker (together with PHEVs) after BYD. That mentioned, BYD overtook Tesla in EV quantity within the fourth quarter.
SAIC launched a three-year new vitality motion plan final yr. It mentioned three way partnership manufacturers have centered on “breaking new trails, making progress and making sturdy efforts.” This yr, the plan will achieve momentum as SAIC’s NEV actions enter a “section of fast growth.”
SAIC-GM was additionally the primary automaker in China to realize entry to Tesla’s EV charging community. Cadillac and Buick EV house owners could have first entry to the chargers.
Though GM is selecting up the tempo in China, it’s scaling again EV plans in its house market. Within the US, GM offered 75,883 electrical automobiles final yr, a 93% enhance from 2022. That features the business Brightdrop electrical vans.
Though the Bolt EV and EUV fashions accounted for greater than 62,000, or practically 82%, of GM’s EV gross sales in 2023, the automaker ended manufacturing in December. The transfer comes as GM ramps up its Ultium-based electrical fashions.
GM has already decreased manufacturing of the Equinox EV, Silverado RST EV and GMC Sierra Denali EV.
With the Bolt being phased out, GM dangers falling additional behind within the US because the market shifts to electrical. The automaker was led by rival Ford in electrical car gross sales final yr, however each have been a far cry from Tesla’s greater than 1.8 million electrical car deliveries.
Supply: Automotive Information, SAIC-GM
FTC: We use monetized auto-affiliate hyperlinks. Extra.