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Status Update

Aug 19, 2020

Speaker 1

Hello, everyone. I'm Mary Barra, Chairman and CEO of General Motors. I'm excited to have this opportunity to talk with you online tonight. I want to begin by reiterating our unwavering commitment to our employees, customers and partners in China. The video you just saw captures our energy, our passion and our confidence as we envision a future with 0 crashes, 0 emissions and 0 congestion.

This vision drives every team member everywhere every day. We are investing heavily in the technology and innovation that will help us realize our vision. From 2020 to 2025, we will allocate more than $20,000,000,000 in capital and engineering resources to our EV and our AV programs. General Motors brings a deep history of technical expertise as we continue to innovate to deliver safe, efficient and connected vehicles and services that lead the industry and exceed our customers' expectations. In China, we laid out Drive to 2,030, the advanced technology road map for our China vehicle portfolio at the World Expo in Shanghai 10 years ago.

As General Motors' largest market and global center of innovation, China will play a very crucial role in making our vision a reality. With our joint venture partner SAIC, we are blending global insights and scale with local market expertise to redefine what is possible for our customers and for society. I thank SAIC Chairman, Chen Hong for his leadership and his partnership that have contributed to our shared success. Today, our team will give you a clear look at everything we are doing to transform how we get around today and in the future. General Motors is pursuing an all electric future.

Our EV programs are fully on track including the work on the Cadillac Lyriq luxury SUV you see behind me. We revealed it 2 weeks ago in the United States and it will also be available in China. You can see how we are taking on autonomous driving as the engineering challenge of this generation and how we will upgrade its capability in the future. You will also see how the state of the art Ultium battery system will empower our EV portfolio and how future design will provide consumers with inspiring products. With most of our global and China leadership team all together in this session, I hope we can leave you with a clearer understanding about the synergies we are creating in electrification, autonomous driving and connectivity, which will unlock their great potential for China.

With that, Chairman Chen will take the stage and share more about how our SAIC GM partnership builds upon its solid foundation to create the future transportation solutions for Chinese consumers.

Speaker 2

Well, hello, everyone. Thanks for being with us. I'd like to share some thoughts with you about electrification and technology at General Motors and how we're working hard every day to usher in the future in China and around the world. We've enhanced our capabilities in the EV space by investing in the right facilities, the right people to create the right vehicle portfolio. Today, we want to show you our plan, demonstrate our progress and answer your questions about the various facets of our EV program.

For example, we'll show the details about our Ultium battery system and our all new modular EV architecture. We'll show you how the flexibility of our approach allows us to drive high volumes in multiple segments for multiple brands, all off the same modular platform. Now for perspective, consider this. GM has more than 500 different internal combustion engine powertrain combinations in production today. Our forthcoming EV portfolio can be supported by just 19 EV propulsion combinations using our unique battery modules, drive units and power electronics.

From 1 module architecture, we will have the ability to make vehicles around the world ranging from full size trucks to SUVs and MPVs to cars and even self driving vehicles like the Cruise Origin. Our architecture is flexible enough to offer vehicles globally that can drive an estimated 400 miles on a charge in North America and equivalent range in China, can go 0 to 100 kilometers per hour in as low as 3 seconds, can have energy ranges from 50 to more than 200 kilowatt hours, can run-in front wheel drive, rear wheel drive or all wheel drive configurations and can run from 175 kilowatts to 746 kilowatts. And of course, we'll do all of this with safety top of mind just as we do every day with every vehicle program. We're working to achieve a vision of 0 crashes through new collision avoidance and driving automation technologies. But until we achieve this vision, vehicles still need to keep people safe.

Jim has been a pioneer in development of safe electric vehicles going back to EV1 in the 1990s and we've continued to learn as we raise the bar on safety. We have a dedicated battery safety team and one of the key goals is to protect the battery in a crash much like we protect fuel systems. Our batteries have been packaged below the seating area and are designed to be an integral part of the vehicle structure that helps to protect the occupant safety cage in case of a crash. We have crash evaluations that assess the unique characteristics of a high voltage battery system. Our process includes shutting down and isolating the electrical system in the event of a crash or a flood to avoid shock risk.

We played key roles leading the standards committees around battery safety of organizations like the Society of Automotive Engineers and we intend to remain an industry leader. We also intend, as we said, to do electric vehicles profitably. There are many enablers to that goal, including our flexible modular architecture and battery pack strategy, our scale and our aggressive approach to taking cost out of the batteries, cells and other materials. We'll show you how our state of the art Ultium battery design promotes greater packaging density, which enables better design flexibility, more room for people and less space for needed battery. We'll also show you our plans for expanded EV product portfolio, which will really lay out the breadth and depth of our approach.

So simply put, this is a huge opportunity for us. The biggest opportunity any of us has ever seen for this company certainly. It represents a chance to reinvent the company and reset our brands. It will change this company and people's perceptions of it forever. We're also working hard in areas beyond the vehicles like charging and charging infrastructure.

Our goal is to make EV life easy, efficient and convenient for our customers. We want to reduce charging times, provide more charge, more rapidly for more people. All the work I've described represents the future and it's all real. The proof is in the vehicles on display around you. I encourage you to take a good look, soak it all in and please let us know what questions you might have.

So thank you very much for joining us today and for taking a closer look at a future that all of us at General Motors are very excited about. So thanks again.

Speaker 3

Hello, everyone. I'd like to tell you how GM's leadership in automated driving and autonomous vehicle technology will help enable our vision of a world with 0 crashes, 0 emissions and 0 congestion. The potential is enormous, especially in the largest and most congested cities like Beijing and Los Angeles, where every crash avoided and every moment saved during commuting can dramatically improve people's quality of life. General Motors has a 2 pronged approach. 1, the expansion and continuing evolution of personal driver assistance technology with Super Cruise and 2, the development of self driving rideshare technology through Cruise Automation.

Both offer transformative experiences in personal mobility, building on the advanced driver awareness technologies already offered and proven for years in many current General Motors vehicles. That's paramount, because trust is just as important as the technology, and safety has always been at the forefront of GM's automated and autonomous driving initiatives. Customers can trust our technology and experience. Super Cruise is a great example of automated driving initiatives. Unlike other driver assistance systems, it uses 2 advanced technology systems, a driver attention system and precision lidar map data.

Customers love it, I love it. When launched in 2018, Super Cruise was an instant differentiator for Cadillac and contributed to the brand's increased perception as a technology driven nameplate, and it transformed the highway driving experience for our customers. To date, customers globally have driven more than 10,000,000 kilometers of Super Cruise and have been engaged about 50% of the time they're on the road. And 85% of current CT6 owners say Super Cruise is a feature they want or must have in their next vehicle. For 2021, we're introducing an enhanced version of Super Cruise in China and the U.

S. With new features including lane change on demand, which allows for lane changes when the driver indicates one is desired, as well as richer map data and updates that make it easier and more intuitive to activate Super Cruise. Many of these new features are enabled by our all new electrical architecture known as Vehicle Intelligence Platform or VIP. VIP was introduced on the Cadillac CT5 and should be rolled out to most of GM's global lineup by 2020 3. With 5 times more data processing capability, VIP has the expanded capacity and bandwidth to support the evolution of Super Cruise, as well as the next generation of active safety features, increased connectivity, smartphone like over the air software updates and greater cybersecurity.

Super Cruise's new VIP supported features will be part of the system as it is introduced in North America on the 2021 CT4 and CT5 sedans, as well as the all new Escalade. Super Cruise's expansion also includes models in China, which Julian will tell us about in a minute. While Cadillac remains our lead technology brand, we are also expanding Super Cruise to Chevrolet, Buick and other GM brands. In fact, we'll offer it on 22 vehicles around the world by 2023. That's only the beginning.

We have increased Super Cruise capability to more than 500,000 kilometers of highways, including 320,000 kilometers of roadways in the U. S. And Canada, and 300,000 kilometers of roadways in China, covering most cities and provinces. Ultimately, we want to deliver an experience that is seamless, convenient and rewarding for customers no matter where they live. To do so, we're currently working to expand our industry leading technology to work in even more scenarios.

Our ultimate vision is a system that will enable hands free transportation in 95% of all driving scenarios. A significant part of that vision is enabling autonomous transportation in city centers, which is where our partnership with Cruise, the self driving company that is majority owned by GM, is so exciting. The Cruise Origin, which was unveiled earlier this year, is a shared all electric and self driving experience that embodies our vision of a world with 0 crashes, 0 emissions and 0 congestion. It is designed as a self driving service for urban centers. There's no steering wheel in the Cruise Origin because there's no driver.

It will be a shared mobility experience where all aspects are self guided by cutting edge AI, robotics and supporting technology. Today, Cruise is testing its fleet of Chevrolet Bolt EV based EVs on the streets of San Francisco. These vehicles are navigating left turns, double parked cars, six way intersections and more in driving environments that are up to 47 times more complex than suburban areas. Automated and autonomous driving technology is the challenge of a generation and GM is committed to its development and validation. I'm confident GM will be a leader in this technology with safety as our top priority.

As I said, the potential for these technologies to reshape cities and the lives of those who live in them is tremendous. Our technology will lead the way and trust will come with it. Thank you for your attention. Mary, Mark and I look forward to answering your questions at the end of the presentations.

Speaker 4

Thanks to Chen Hong, Dongshi Zhang, Mary, Mark and Doug for covering so much ground. As Mary mentioned, GM's drive to 2,030 journey that we started at the World Expo in 2010 here in Shanghai is now at the halfway point. For the 1st 10 years, I've been fruitful in China. The efforts we have made provided us the luxury of the biggest connector customer base, an unmatched technical capability and a highly localized supply chain here in China. Let me show you where this solid foundation will take GM through our EV, AV and connectivity plans in China for China.

Since 2010, we have gradually bought all available electrification solutions here to China with the widest coverage in the industry from EVs to PHEVs and BEVs, our BEVs launched in China, the Buick VELIQUE VI and the VELIQUE VII and the Chevrolet Menlo in particular represent GM's latest technologies. For the next 5 years, more than 40% of our new launches in China will be new energy vehicles. These NEVs will cover all major segments across our Cadillac, Buick and Chevrolet lineups by leveraging GM's 3rd generation global EV platform and some local programs tailor made for China. The heart of GM's future EV portfolio, the ultimate battery system will also come to China. It is designed for global markets, but it also allows local flexibility, enabling us to leverage enabling us to leverage SiCGM's highly localized supply base.

All of these NEVs will be manufactured here in China with almost all parts coming from the suppliers here in China. GM is taking a 2 pronged China. We are committed to introducing market ready intelligent driving solutions in China. The Super Cruise driver assist technology is a good case in point. Now available on the Cadillac CT6, it will be gradually expanded to cover the entire Cadillac lineup by mid decade and later on to both Buick and Chevrolet.

And we will also expand its coverage here in China beyond the approximate 300,000 kilometers already available today. We are also working out how to bring the next generation Super Cruise including door to door intelligent driving technology to consumers in China. In parallel, we are stepping up the development of ICV technologies specifically for China. Our first V2X enabled vehicle, a Buick GL8 will be introduced later on this year. GM has 1st mover advantage as the first OEM to launch connected services in China.

We now have more than 5,500,000 connected vehicles on its higher quality, more innovative and data informed services to our customers. In the near future, we will make connectivity a standard feature in nearly all our global branded vehicles launched in China. GM is also well positioned by flexible platforms and industry leading scale to continue to capitalize on megatrends like 5 gs, artificial intelligence, smart cities and big data for industry leading connectivity capability and services. For example, in 2022, 5 gs will be capable on all new Cadillac and most Buick and Chevrolet models going forward. By utilizing OTA, GM will also continually update our products with new and exciting content.

The new 33 inches diagonal advanced LED display, which debuted on the recently introduced Cadillac Lyric represents our next decade connected services in a nutshell. It displays all the highlights of GM's future offerings and previews the local technology development that will empower integrated solutions such as 5 gs and 5 gs enabled V2X. Beginning in 2022, the new display will be deployed on all Cadillac models in China to be followed by Buick and Chevrolet launches. Halfway through our journey to 2,030, we are ready to activate a new era. The power of global collaboration and local integration will continue to drive technology advancement.

This has been the secret source of our success from day 1. Now I would like to hand over the mic to our U. S. And China based experts. They are working closely on GM's next generation of EVs for China.

Thank you.

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