General Motors faces challenges in China as domestic automakers surpass in EV technology. Despite setbacks, GM is making progress and seeing growth in both retail sales and market share. GM is focusing on restructuring its vehicle portfolio to include high-end vehicles and premium EVs. The company aims to lower production costs and offer more NEV options. While China may not be a significant profit pillar, it remains a crucial market to compete in due to its advanced NEV market. Investors should monitor GM’s NEV portfolio and China sales performance for future insights.
Read more at Yahoo Finance: Can This Top Stock Really Rebound in the World’s Largest Market?
