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Q1 2023 Mary Barra Letter to Shareholders To Our Shareholders : Once again , we delivered strong earnings thanks to healthy customer demand for our vehicles , our intense focus on operational excellence , and great teamwork between GM , our dealers , our suppliers and our unions . I want to thank everyone for their efforts . Great examples include the way the GMI team has pivoted from restructuring the business to earning record profits , excluding China . It's exciting to see early orders for the new Chevrolet Trax in Korea and the Chevrolet Montana in Brazil come in at a record pace . In the U.S. market , we led the industry in retail and fleet deliveries , commercial deliveries and truck sales . We also earned the largest year - over - year increase in market share of any automaker with strong production and inventory discipline , and consistent pricing . In addition , we delivered more than 20,000 EVs , thanks to the third consecutive quarter of record Chevrolet Bolt EV and Bolt EUV deliveries and rising Cadillac LYRIQ sales . We are now # 2 in the U.S. market , and we increased our EV market share by 8 percentage points . As we look at the performance of the business and the opportunities ahead of us , we're able to raise our full - year 2023 earnings guidance to a range of $ 11 billion - $ 13 billion . These opportunities include the launches of extremely capable new midsize and heavy - duty pickup trucks from Chevrolet and GMC . Orders for higher - end models are especially strong . We are also pursuing profitable growth with affordable vehicles , like the new Chevrolet Trax and Trailblazer , and the Buick Encore GX and Envista . They're beautifully designed , packed with technology and a long list of standard active safety and driver assistance technologies . Yet they all have starting MSRPs below $ 30,000 , and all Trax models start below $ 25,000 . This is also the breakout year for GM EVs and the Ultium Platform . As I have shared , we plan to produce 400,000 EVs over the course of 2022 , 2023 and the first half of 2024 , including 50,000 EVs in North America in the first half of this year , and double that in the second half . In the weeks and months ahead , we will be sharing exciting news about our growing portfolio of Chevrolet , Buick , GMC , Cadillac and BrightDrop EVs . This includes demonstrating that " work " and " range " are not mutually exclusive terms for the Chevrolet Silverado EV and GMC Sierra EV . You can also expect more job - creating investments by GM and our suppliers , especially in North America , as we scale EV production and build our domestic supply base . Today's news that we're partnering with Samsung SDI to open a fourth U.S. battery cell plant to supply GM is just the latest example . Page 1 of 2