In a significant milestone, GM officially sold more EVs and plug-in hybrid (PHEV) models in China than gas-powered cars for the first time. GM’s electrified models (EVs and PHEVs) accounted for 53% of sales in the third quarter as the company fights for a position in China’s intensifying auto market.
“We are building momentum for both sales volume and market share in China,” Steve Hill, president of GM China, said on Thursday.
GM and its joint ventures delivered over 426,000 vehicles in China in the third quarter, up 14% from Q2 2024.
The growth was driven mainly by GM’s new energy vehicles (NEVs), which include EVs and plug-in hybrids. With over 224,000 units delivered in the third quarter, GM’s EV and hybrid models account for 53% of total sales, surpassing gas-powered cars for the first time.
GM’s NEV sales were up 60.7% from last year and 14.3% from Q2 2024, its highest sequential growth rate since …