General Motors: Will The EV Battery and Autonomy Growth Opportunities Help Prevent Market Share Losses?

The latest earnings of General Motors Company (GM) shed light on several critical aspects of the company, both positive and negative. In 2023, GM sold more vehicles in the U.S than any other company, with all brands witnessing year-over-year sales growth. Consequently, GM gained U.S. market share, backed by stable pricing and incentives below the industry average. Additionally, the company’s Chevrolet Bolt EV and EUV saw record sales, underlining its electric vehicle (EV) market presence. However, CEO Mary Barra acknowledged that the EV growth pace had decelerated, creating some uncertainty.