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May 5 , 2021 Dear Shareholders , Today , we announced that General Motors delivered strong first - quarter results , with EBIT - adjusted of $ 4.4 billion , and EPS - diluted - adjusted of $ 2.25 . You'll find additional details on investor.gm.com . These strong results demonstrate once again the underlying strength of our business , especially in North America and China , and at GM Financial . We continue to execute our strategy and make significant progress on our transition to an all - electric future with the growth opportunities it creates . The speed and agility of our team are front and center as we move from managing through a pandemic to managing the global semiconductor shortage . This remains a challenging period for the company as we emerge from 2020 , but the team continues to demonstrate its ability to manage complex situations . Our supply chain and manufacturing teams are maximizing production of high - demand and capacity- constrained vehicles . Our engineering teams are creating effective alternative solutions , and our sales teams , together with our dealers , are finding creative ways to satisfy customers despite lean inventories . While we will have production downtime in the second quarter , we expect to have a strong first half , with EBIT - adjusted of around $ 5.5 billion . We are also reaffirming our guidance for the full year , and based on what we know today , we see results coming in at the higher end of the $ 10 billion to $ 11 billion EBIT- adjusted range we shared earlier this year . Even as we manage these short - term challenges , we continue to accelerate our investment in electric vehicles , self - driving technology and other growth opportunities . We have made significant strides so far this year : • . • • We are preparing to launch the redesigned Chevrolet Bolt EV and new Bolt EUV this summer , and we confirmed a high - volume battery - electric Silverado for both fleet and retail customers , with a GM - estimated 400 miles of range on a full charge for certain configurations . We unveiled the stunning production version of the Cadillac LYRIQ nine months earlier than planned because of our virtual engineering and software expertise We unveiled a second GMC HUMMER EV model - the GMC HUMMER EV SUV - which will feature in - house developed , software - driven technologies , including CrabWalk , Extract Mode and many more industry - leading features . We continue to expand the availability and capabilities of Super Cruise , the industry's first true hands - free driver - assistance system . We introduced Bright Drop , a business created to help commercial delivery fleets maximize productivity , improve safety and reduce their carbon footprint . We are on track to begin delivering EV600 vans to our first customer , FedEx Express , later this year . We announced that Ultium Cells LLC , our joint venture with LG Energy Solution , will begin construction of a new battery cell plant in Spring Hill , Tennessee . It will open in 2023 , a year after our Lordstown , Ohio cell plant . We signed a joint development agreement and increased our investment in SolidEnergy Systems , one of several companies we are working with to help commercialize lithium - metal batteries , which have incredible potential to deliver even better EV performance , more range lower costs for customers . and general motors 313.556.5000 / 300 Renaissance Center / Detroit , MI 48265 / www.gm.com gm