Remarks by Mary Barra Chairman and CEO,

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 zero crashes, zero emissions and zero 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 billion in capital and engineering resources to our EV and AV programs.

General Motors brings a deep history of technical expertise as we continue to innovate to deliver safe, efficient, connected vehicles and services that lead the industry and exceed our customers' expectations.

In China, we laid out Drive to 2030 – the advanced technology roadmap for our China vehicle portfolio – at the World Expo in Shanghai 10 years ago.

As GM’s largest market and a 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 partnership that have contributed to our shared success.

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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 work on the LYRIQ luxury SUV you see behind me. • We revealed it two weeks ago in the United States, and it also will 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 our 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 builds upon its solid foundation to create future transportation solutions for Chinese customers.

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Remarks by Mark Reuss President, General Motors

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 and 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 share the details about our Ultium battery system and our all-new, modular EV architecture.

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

From one modular architecture, we 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:

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• Can drive an estimated 400 miles on a charge in North America – and equivalent range in China • Can go 0-100 km/h in as low as 3 seconds. • Can have energy ranges from 50 to more than 200 Kilowatt-hours • Can run in FWD, RWD or AWD configurations • and can run from 175 kilowatts to 746 kilowatts

And of course, we'll do all this with safety top of mind, just as we do every day, with every vehicle program.

We're working to achieve a vision of zero crashes through new collision avoidance and driving automation technologies. But until we achieve the vision, vehicles still need to keep people safe.

GM has been a pioneer in the 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's 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 flood, to avoid shock risk.

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We've 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've 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 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 needed for batteries.

We'll also show you our plans for our expanded EV product portfolio, which will really lay out the breadth and depth of our approach.

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 are 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, to provide more charge, more rapidly, for more people.

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All of the work I have 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 have.

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.

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Remarks by Doug Parks Executive Vice President Global Product Development, Purchasing and Supply Chain, General Motors

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 zero crashes, zero emissions and zero 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 peoples' quality of life.

General Motors has a two-pronged approach:

One, the expansion and continuing evolution of personal driver assistance technology with Super Cruise,

And two, the development of self-driving ride-share 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.

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Unlike other driver assistance systems, it uses two 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 million kilometers with Super Cruise... and have it engaged about 50 percent of the time they're on the road -- and 85 percent of current CT6 owners say Super Cruise is a feature they'd want or must have on their next vehicle.

For 2021, we are 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 the 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 2023.

With five 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.

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Super Cruise's expansion also includes models in China, which Julian will tell us about in a few minutes.

While Cadillac remains our lead technology brand, we are also expanding Super Cruise to , 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 half- a-million 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 are 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 zero crashes, zero emissions and zero congestion.

It's designed as a self-driving service for urban centers. There is no steering wheel in the Cruise Origin, because there is no driver. It will be a shared mobility experience, where all aspects are self-guided by cutting-edge AI, robotics and supporting technologies.

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Today, Cruise is testing its fleet of EV-based AVs 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 am 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.

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Remarks by Julian Blissett President, GM China

Good evening everyone. Thanks to Chairman Chen, Mary, Mark and Doug for covering so much ground.

As Mary mentioned, GM’s “Drive to 2030” journey that we shared at World Expo 2010 Shanghai is at the halfway point.

The first 10 years have been fruitful in China. The efforts we made have provided us the luxury of the biggest connected customer base, an unmatched technical capability and a highly localized supply chain.

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 brought all available electrification solutions to China, with the widest coverage in the industry, from HEVs and EREVs to PHEVs and BEVs. Our BEVs launched in China– Buick Velite 6 and Velite 7, and Chevrolet Menlo – in particular, represent GM’s latest technologies. In the next five 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 third-generation global EV platform and local programs tailor-made for China.

The heart of GM’s future EV portfolio – the Ultium battery system – will also come to China. It is designed for global markets but allows local flexibility, enabling us to leverage SAIC-GM’s highly localized supply base.

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All of these NEVs will be manufactured in China, with almost all parts coming from suppliers in China.

GM is taking a two-pronged approach to make our vehicles more intelligent and connected.

We are committed to introducing market-ready intelligent driving solutions in China. Super Cruise driver assist technology is a case in point. Now available on the Cadillac CT6, it will be gradually expanded to Cadillac’s entire lineup by mid-decade and later to Buick and Chevrolet. And we will also expand its coverage in China beyond the approximately 300,000 kilometers already available.

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 this year.

GM has a first-mover advantage as the first OEM to launch connected services in China, which now has more than 5.5 million connected vehicles on its roads. The early and proactive deployment of connectivity has created an unmatched connected vehicle presence and invaluable opportunities to learn.

GM has unmatched scale in leveraging big data and using our insights to deliver 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 brand vehicles launched in China.

GM is also well positioned via flexible platforms and industry-leading scale to continue to capitalize on mega-trends like 5G, artificial intelligence, smart cities and big data for industry-leading connectivity capability and services. In 2022, 5G will be capable on all

12 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-inch-diagonal advanced LED display, which debuted on the recently introduced , 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 5G and 5G-enabled V2X. Beginning in 2022, the new display will be deployed on all new Cadillac models in China, to be followed by Buick and Chevrolet launches.

Halfway on our journey to 2030, we are ready to activate a new era. I believe the power of global collaboration and local integration will continue to drive technology advancement. This has been the secret sauce of our success from Day One.

Now I would like to hand over the mic to our U.S. and China-based experts. They are working together closely on GM’s next-generation EVs for China.

Thank you.

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Remarks by Ken Morris Vice President of Autonomous and Programs, General Motors

Hi, I’m Ken Morris, Vice President for GM’s Autonomous and Electric Vehicle Programs, and I am thrilled to tell you all about GM’s Ultium system.

GM’s Ultium battery and modular platform will enable a portfolio of EVs, across multiple brands, segments, and regions that can get to market quickly and will be profitable in the first generation of the program.

This support structure for the Ultium system is proof that at GM we are making tremendous progress toward our all-electric future.

We have engineered a complete global vehicle lineup of dedicated EVs, not shared with or converted from vehicles with traditional ICE propulsion systems.

In fact, these all-new modular vehicle platforms and the Ultium system were engineered together to create a leading-edge portfolio of EVs that cleverly combines vehicle and propulsion functionality. This allows us to minimize part count and use the propulsion system as part of the vehicle’s structure. This enables much greater design flexibility which directly benefits our customers.

To increase scale and leverage GM’s vertical integration capability, we have engineered the Ultium system to be flexible and modular. It can be tailored to vehicle and customer needs by arranging common components like stacking blocks, allowing us to increase scale while providing the flexibility to build vehicles for different customers around the world.

Soon George will tell you all about the specific EV batteries coming to our vehicle lineup for China. Here are a few things I’d like to point out about our global strategy:

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• The key building blocks of our new EV architecture are large scale, high-energy cells that will be the common denominator of our entire electric lineup moving forward. Our battery options can vary from 50 to 200 kWh, enabling outstanding range on a full charge. • Our battery packs are designed around the cells, which can be stacked in any shape, size or type to best suit the needs of all our customers. • Our Ultium system modules are flexible enough to accept multiple types of cells.

Battery Module Form Factor • The form factor of the battery module was selected to best optimize overall structure and vehicle packaging across a wide range of vehicles • The flexibility we’ve built into our strategy enables multiple cell formats to optimize our global footprint and increase our cell options going forward • This gives us the ability to serve the needs of different markets and customers, while also future-proofing the energy storage system − When new technology and chemistry become available, we can grow or change the module while preserving the overall battery architecture

Battery Module Flexibility • Our Ultium module is unique in that it can contain either horizontally or vertically stacked cells for occupant comfort and vehicle needs: − Stacking cells vertically helps us to build EV variants of large vehicles like trucks, SUVs and crossovers popular in North America − Stacking cells horizontally enables low-slung performance vehicles that have also been a strong part of our DNA as a company

Integration with Vehicle Structure • Battery cells are combined into modules that are then formed into battery packs’ structural enclosures, which double as part of the vehicle’s essential structure • High strength cross-car rails as well as perimeter structural elements make the vehicles stiffer while protecting the cells from damage in the case of a crash

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• The stamped steel enclosures are optimized for low cost at high volume production while maintaining the highest level of pack energy density.

Different Module Combinations • The Ultium battery packs are flexible enough to contain multiple combinations of modules to custom tailor energy and range requirements • In our global portfolio bandwidth we can have single layers with 6, 8, 10 or 12 modules • or double the layers to as many as 24 modules for the energy and capability needs of large trucks and SUVs. • As you can see, the pack configurations in front of you are smart, flexible, allow for various vehicle attributes and most importantly, USE THE SAME CELL repeatedly to leverage scale

Drive units • Our Ultium drive unit strategy is similarly versatile, enabling front-, rear, or all- wheel drive configurations • It starts with a highly-integrated front drive unit which, through efficient design, has reduced the number of high-voltage connections by 57 percent − We also offer a large, rear drive unit for customers interested in luxury and performance − For those who demand superior performance, we can combine both front and rear drive units into a performance all-wheel drive variant. This configuration is capable of outstanding performance; it’s like having two engines in the same car − For those seeking the security of all-wheel drive but not craving full-on performance, our smaller e-assist rear drive unit engages the rear wheels only when required

Drive Motors

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• Inside of the drive units are a family of in-house-designed drive motors with common and scalable parts for maximum versatility − We’ve used our 25-plus years of EV production experience to create a family of motors that will have segment-leading efficiency, power delivery and torque density − And we’ve done it all with just one motor family, which will represent remarkable development synergies and cost savings

In summary, GM’s new Ultium system offers the flexibility to support all the vehicle entries that you will see today while maintaining the economies of scale required to produce these components at high volume via smart part sharing enabled by efficient design.

Now I’d like to pass it over to George who will tell you about the SGM and PATAC team’s work in China.

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Remarks by Michael Simcoe Vice President, Global Design, General Motors

Thank you again for joining us today.

I have the honor of representing a team that shapes the look and feel of GM around the world.

Today, the work between our studios in China and the U.S. is more connected than ever.

The team in Shanghai designs vehicles specifically for the China market, and sold globally.

Here in Detroit, the team designs vehicles specifically for the U.S. ...as well as vehicles to be offered around the world -- including the all-new Cadillac LYRIQ behind me.

The majority of our work today is developing electric vehicles that represent the future of GM.

EV Design Evolution Personally, I think electrification and connectivity will drive the most significant changes ...since Harley Earl brought styling to automotive industry.

It was Harley Earl who pioneered styling that appealed to customers on an emotional level... broadening the appeal of automobiles in ways we had not imagined.

You will see a similar revolution as electric vehicles begin to flood the market.

Customers no longer expect electric vehicles to be different for difference sake.

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They are looking for more sophisticated, emotive designs.

Today, I want to show you just a few examples of how we are delivering that at GM Design.

Electric vehicles are an exciting opportunity to change direction for our brands... and to be more pointed in our execution.

And the more flexible electric architecture also enables us to create more targeted proportion and style than has been possible.

The results are electric vehicles that exceed customer expectations of Cadillac, Chevrolet or Buick…

Cadillac EV Design Let me illustrate that approach with Cadillac.

The introduction of electric vehicles takes what customers associate with Cadillac... expressive design, premium proportions... and adds new style which projects the future, and introduces a very technical character.

The LYRIQ is a beautiful combination of • great proportions, • fluid surfaces, • precise details and • exquisite craftsmanship.

The face of Lyriq is dramatically different... • sculptural, • expressive and • more sophisticated...

19 and the Black Crystal face beautifully conceals an array of sensors and technologies.

The front end has an amazing headlamp technology... and the vertical signature now is the headlamp itself, combined with entertaining, choreographed lighting.

Like all , we have the vertical, finned signature lamps at the rear.

But now, Lyriq introduces a new distinctive, two-piece execution.

The silhouette is sleek, accented by • a full glass roof... • a long-wheelbase... and • a large wheel and tire -- which is a Designer's dream.

The Lyriq is simply beautiful.

For wealthy customers, one of the most coveted luxuries is interior space.

Here, the new battery architecture enables a more efficient package, and a more spacious, open interior.

For example, the instrument panel is low, lean and wide... crowned by a large, curved free-form LCD screen which focuses the immersive interface.

The architecture also enables a cantilevered console... with an elegant, open storage space worthy of an expensive handbag -- something many Cadillac customers have said is important to them.

There are also beautiful details throughout…. • The rotary controller looks like it's made by a watchmaker or a jeweler

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• The speaker grill is layered in woodgrain with a pattern that's backlit, and laser etched • The lined drawer is finished like a fine jewelry case

We think these elements and other surprising details will connect to luxury customers around the world.

The upcoming Celestiq will be our new flagship for Cadillac.

There was nothing rational about the most iconic Cadillacs in our history. • V-16 engines, • tall tail fins, • massive chrome grilles

They're all examples of iconic luxury created out of emotional desire.

What I am most excited about is the Celestiq combines the exaggerated proportion and style that made Cadillac famous with its electric future.

The result is a design that cannot be ignored.

The dramatic proportion is matched by stunning craftsmanship and unparalleled technology and an incredible customer experience.

The stunning, modern interior features artfully integrated technologies and information displays including... • a "command center" touch-control console, • a high-resolution screen that spans the full width of the instrument panel and • reclining executive second-row seats with separate technology controls.

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Cadillac will also introduce an electric three-row, fullsize SUV… with a presence and style that could only come from Cadillac.

All three designs are expressive, forward-looking, and instantly recognizable as Cadillacs.

Earlier, George and Ken highlighted the flexibility of the Ultium architecture. These three Cadillacs demonstrate how that flexibility enables a range of vehicle proportions...and a full showroom of electric vehicles.

For Celestiq, the low, performance pack enables the long dash-to-axle and category- challenging profile.

For Lyriq, the midsize battery pack enables a spacious interior room, with room for five people and their luggage.

And for the full-size SUV, the double-stacked battery pack enables the uncompromised utility and capability customers expect.

Chevrolet Design You will also see EVs seamlessly integrated into the Chevrolet portfolio.

Chevy is defined by a heritage of speed… think about Corvette… and power… think about trucks.

These two characteristics combine to create an emotional brand for our customers.

Now, based on our new Ultium battery system, the team is designing electric vehicles for Chevrolet... across virtually every segment to tap into that emotion.

Buick Design

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The move to electrification also presented an opportunity to introduce a new design theme for the Buick brand.

With you are two new Buick EVs, designed in Shanghai.

The new designs connect to Buick's storied design history... modernized for an electric future. Our distinct new look will be marked by... • high lamps with a wing graphic shape, • a low-set grille, and • a body-mounted badge.

It will also have a reinterpreted sculptural sharknose.

We believe this modern face brings a dignified elegance to the new Buick portfolio.

All these vehicles represent a huge step toward our vision of Zero Crashes, Zero Emissions, and Zero Congestion.

And there's much more coming.

Now I would like to ask Cao Min to tell you more about our future EVs.

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