Barra Key Points summarized

• GM’s business is growing and fundamentally strong as we adapt to the new trade policy environment, further strengthen our supply base, and drive EV profitability.
• In the first quarter, we gained almost two points of U.S. market share year-over-year, our incentives remain far below the industry average, and our inventories remain low.
• We also solidified our position as the #2 EV seller in the U.S., with Chevrolet becoming the fastest-growing EV brand. Our first quarter margin in North America was 8.8%, well within our 8-10% target range, despite the addition of Cruise expenses.
• The team in China also deserves recognition for delivering positive equity income while restructuring the business, launching very competitive new products, and growing sales volume and market share.
• As the global policy environment evolves, we will continue to leverage our most important assets – our winning portfolio of ICE (internal combustion vehicles) and EVs, our network of 50 U.S. manufacturing plants and parts facilities, and a great team that is agile and flexible.

We continue to thoughtfully focus on our growth strategy, including:
• Developing our next-generation software defined vehicle platform, which will be simpler but with even more capability.
• Adding new features and products developed by our software and services team.
• Continuing to grow and enhance the capabilities of Super Cruise, which third parties say is the industry’s best L2 driver assistance technology.
• Developing L3 and even more advanced autonomous technologies.
• Leveraging our position as the largest domestic OEM producer of lithium-ion battery cells.
• Introducing new battery chemistries and form factors that will deliver the EV range and performance our customers have come to expect from GM with even lower pack costs and improved profitability.
• Deploying AI solutions across the business.