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GM ready to unleash next cycle of EV growth after record Q2 revenue

Baua Electric

After beating top and bottom line estimates in the second quarter, General Motors (GM) raised FY guidance for 2024. With “encouraging” early sales results in Q2, GM is preparing “to unleash the next cycle of EV growth.” GM raised 2024 guidance for the second time this year after posting record Q2 revenue and North American profits.

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GM claims its next cycle of EV growth is coming, but when?

Baua Electric

After beating top and bottom line estimates in the second quarter, General Motors (GM) raised FY guidance for 2024. With “encouraging” early sales results in Q2, GM is preparing “to unleash the next cycle of EV growth.” GM raised 2024 guidance for the second time this year after posting record Q2 revenue and North American profits.

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GM tops Q2 and first half EV sales records as Chevy Blazer, Equinox EVs roll out

Baua Electric

GM broke Q2 and first-half EV sales records with new models like the Chevy Blazer and Equinox EVs hitting the market. However, GM’s new electric cars were not the only ones driving growth, as sales of the Cadillac Lyriq and GMC Hummer EVs also surged. GM delivered 21,930 EVs in the second quarter of 2024, up 34% from Q1.

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GM hopes new EVs like the $35K electric Chevy Equinox will help win back market share

Baua Electric

After losing EV market share in the US in the first three months of 2024, GM believes it can turn things around. GM expects new models like the Chevy Equinox EV and improved battery production will help regain EV market share in the second half of the year. With Chevy Bolt EV sales down 64% to just 7,040, GM lost market share from Q4.

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GM hopes new EVs like the $35K electric Chevy Equinox will help win back market share

Baua Electric

After losing EV market share in the US in the first three months of 2024, GM believes it can turn things around. GM expects new models like the Chevy Equinox EV and improved battery production will help regain EV market share in the second half of the year. With Chevy Bolt EV sales down 64% to just 7,040, GM lost market share from Q4.

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GM: Q2 gross sales up 19% on industrial, SUV positive factors

Baua Electric

It used to be the fourth consecutive quarter of retail marketplace percentage enlargement for GM, which is on week to be the family’s Deny. GM stated its retail gross sales rose 15 % time over time, time gross sales via GM Envolve, a newly created unit that mixes fleet and its BrightDrop logo of electrical supply trucks, jumped 34 %.

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UAW Expands Strike Again, Targeting GM's Largest Plant

The Truth About Cars

Arlington Assembly is responsible for profitable models like the Chevrolet Tahoe, Chevy Suburban, GMC Yukon, and Cadillac Escalade. Accepting unsustainably high costs would put our future and GM team member jobs at risk, and jeopardizing our future is something I will not do,” the CEO said.&

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