General Motors' 2023 financial report is eye-catching, and electric vehicle sales are rising steadily

News on January 31, General Motors recently released its 2023 annual financial report, revealing a series of eye-catching data. According to the financial report, General Motors has performed strongly in the past year, with full-year net profit reaching US$10.1 billion, and adjusted profit before interest and tax as high as US$12.4 billion. In addition, adjusted cash flow from the automotive business also reached US$11.7 billion, demonstrating the company's solid position in the automotive industry.

Looking forward, General Motors is confident about its performance in 2024. The company expects net profit in the new year to be between US$9.8 billion and US$11.2 billion, while adjusted cash flow from the automotive business is expected to be between US$8 billion and US$10 billion. This forecast reflects GM's optimistic expectations for future market trends and its own competitiveness.

# According to the editor’s understanding, General Motors’ performance in the fourth quarter exceeded Wall Street’s expectations. CEO Mary Barra revealed in a conference call with analysts that GM's main goals this year include cutting costs by about $2 billion, selling at least 250,000 electric vehicles and reintroducing electric vehicles into the company's product lineup. hybrid electric vehicle. This strategic adjustment is designed to adapt to increasingly stringent environmental regulations and meet growing consumer demand for environmentally friendly and energy-saving models.

In the Chinese market, General Motors achieved retail sales of approximately 2.1 million vehicles in 2023, of which sales of new energy models accounted for more than a quarter of the annual sales. This achievement shows that General Motors' new energy vehicle strategy in the Chinese market has achieved remarkable results. In addition, General Motors also plans to introduce its GMC brand to the Chinese market and is expected to start selling the full-size SUV model Yukon this year. This move is expected to further enhance GM's influence and market share in the Chinese market.

In terms of the global market, General Motors sold a total of 2,594,698 vehicles in 2023, a year-on-year increase of 14.1%. Among them, sales in the fourth quarter reached 625,176 vehicles. In the fourth quarter of last year, General Motors sold a total of 19,469 pure electric vehicles, accounting for approximately 3.1% of total sales. Although this figure is relatively low, it reflects General Motors' continued efforts and market layout in the field of electric vehicles. As the company further advances its new energy vehicle strategy, GM's electric vehicle sales are expected to grow rapidly in the next few years.

The above is the detailed content of General Motors' 2023 financial report is eye-catching, and electric vehicle sales are rising steadily. For more information, please follow other related articles on the PHP Chinese website!