By Sam Boughedda
Investing.com — General Motors Company (NYSE:GM) said Monday that the company and its joint ventures delivered 2.9 million vehicles in China during 2021.
The company matched the 2020 China deliveries number despite supply chain challenges, including a semiconductor chip shortage throughout 2021.
The company told investors that "premium models and new energy vehicles across their brands sustained robust growth momentum and posted strong performance."
The company's Cadillac model reached record sales of more than 230,000, Buick had deliveries of nearly 820,000, Chevrolet deliveries reached about 230,000 units, Baojun had deliveries of more than 210,000 units and Wuling deliveries topped 1.4 million.
Julian Blissett, GM's executive vice president and president of GM China, said: “As the challenges brought by the macro environment persisted, we stayed focused on delivering high-quality products and services to satisfy our customers while moving forward on our commitment to create a future of zero crashes, zero emissions and zero congestion."
GM shares are down 3.4% Monday.