GM reported strong financial performance in 2024, with full-year adjusted EBIT reaching $14.9 billion and Q4 revenue rising 11% YoY to $47.7 billion. The company raised its 2025 guidance but faces challenges, particularly from potential US policy shifts affecting EV incentives and tariffs. While GM doubled its EV market share and saw improvements in China, it fell short of its 200,000 EV sales target, reporting 189,000 units. The automaker expects 300,000 EV sales in 2025, which could contribute $2 billion to $4 billion in earnings. In China, GM reported positive equity income in Q4 before restructuring costs and aims for profitability in 2025 by working closely with its local partner to enhance operations.