Commercializing Self-Driving Vehicles GM’s path to autonomous vehicles (AVs) is key to achieving our aspiration of enabling a world with zero crashes, zero emissions and zero congestion. GM and Cruise are pursuing what we believe to be the most comprehensive path to autonomous mobility in the industry. Since GM’s 2016 acquisition of Cruise, GM’s majority-owned autonomous startup, Cruise has been developing its core AV technology with safety as its gating metric, while refining its operations to enable its autonomous ride-hail and goods delivery business. In October 2020, Cruise became one of the first California companies permitted by the California Department of Motor Vehicles to test AVs without a trained test driver in the vehicle, and the first company to do so in the complex driving environment of San Francisco. In June 2021, Cruise became the first company to receive a permit from the California Public Utilities Commission (CPUC) to provide passenger test rides in its AVs without a trained test driver in the vehicle. As the first company to receive such a permit, Cruise has been conducting fully driverless rides with the public—completing hundreds of such test rides by the end of 2021. Pending final approval from the CPUC, Cruise is one permit away from being able to commercialize its fully autonomous ride-hail business within its operational design domain in San Francisco. Cruise remains on track to begin charging for fully driverless ride-hail operations in the coming months. Cruise is also continuing to expand its collaboration with Walmart, which invested in Cruise in 2021. Last year, Cruise and Walmart launched a fully autonomous commercial delivery service in Scottsdale, Arizona, with more than 3,000 deliveries completed by the end of 2021. Walmart customers in the area are now able to opt-in to autonomous delivery services and track their order through the Cruise web app 1 . GM and Cruise continue to gain technological expertise and experience, leveraging software and technology innovation combined with GM’s innovation and vast automotive design, engineering, manufacturing, testing, validation and proven quality methods. Together, GM and Cruise’s work is expected to advance both company’s integrated AV strategy while providing maximum flexibility to pursue the most value-accretive path to commercializing and unlocking the full potential of AV technology. Cruise has attracted funding from various third-party investors, including Microsoft and Walmart. GM recently acquired SoftBank's $2.1 billion stake in Cruise, and, separately, invested an additional $1.3 billion, leveraging the strength of our balance sheet to capitalize on the opportunity to increase our equity investment in Cruise and advance our integrated autonomous vehicle strategy. Investment in China China, the world’s largest automotive market, is embracing electrification and autonomous technology faster than anywhere else in the world. In 2021, GM announced a $300 million investment in Momenta to accelerate the development of next-generation self-driving technologies for future GM vehicles in China. GM is collaborating with companies around the world, such as Momenta, to build its technology capabilities and support diverse consumer choices across the globe. Launch timing for the next-generation ADAS technologies that will be deployed in China and other details will be shared closer to production. 1 A vailable on select Apple devices. Service availability, features and functionality vary by vehicle, device and the plan you are enrolled in. User terms apply. Concept vehicle shown. Not available for sale. Skip Navigation Introduction Reducing Emissions Design for Environment Technology Customers Safety Diverse Workforce Human Rights Supply Chain Communities Governance 2021 SUSTAINABILITY REPORT 43