Why did General Motors surge?

1. Revenue for this quarter reached 48.7 billion, a 10.5% increase, exceeding expectations. The revenue data also surpassed forecasts.
Although revenue from China decreased by 550 million, strong growth in North America offset this decline.

2. Earnings per share exceeded expectations, and the outlook for both revenue and earnings is more positive. The current fiscal year's earnings per share stand at $9.9.

3. Capacity utilization has also improved significantly.
4. The unexpected upward revision of the full-year profit guidance has given investors more confidence.
Driven by this earnings report full of surprises, General Motors' stock price surged 9% on the day, with its market capitalization surpassing the $60 billion mark. Moreover, the upward trend shows signs of continuing.
In the current era of increasingly fierce competition in the global automotive market, especially in China, General Motors' earnings report is undoubtedly encouraging. However, whether General Motors can maintain this momentum will require further performance validation.