Recently, General Motors released its financial report for the third quarter of 2022. Its net income reached a record high of $41.889 billion, with a net profit of $3.305 billion, an adjusted profit before interest and tax of $4.287 billion, a net profit margin of 7.9%, and an adjusted profit margin before interest and tax of 10.2%.

Mary Barra, the chairman and CEO of General Motors, said: "In the face of severe external challenges, General Motors has actively responded, steadily promoted the development of various businesses, and achieved strong performance. We are confident of achieving the annual financial target."

General Motors estimates that the annual net profit in 2022 will be between 9.6 billion and 11.2 billion dollars, and the adjusted profit before interest and tax will be between 13 billion and 15 billion dollars,

In the third quarter, GM's investment income in the Chinese market reached $330 million, up 22% from $270 million in the same period last year, thanks to the gradual recovery of sales of all brands. From July to September, GM's retail sales in China reached about 630000 vehicles.

Among them, Cadillac sold more than 56000 vehicles, Buick sold more than 185000 vehicles, Chevrolet sold more than 56000 vehicles, and Wuling sold more than 321000 vehicles. Promoted by Wuling Hongguang MINIEV, the new energy products under the automobile industry are particularly outstanding.

On September 28, Cadillac LYRIQ Regal has been shipped from SAIC GM Cadillac factory to all parts of the country, and has been delivered to the first batch of big order car owners. This year, Buick's first Autonen model will also be officially unveiled.