GM used to satisfy CAFE obligations by selling itty bitty cars with itty bitty engines at very big loses.
...
So, what a change. Now in 3032 the GM Chinese JV SGMW is just barely outselling Tesla by selling itty-itty-bitty microvans, almost all of them in China. Remember how Buick survived as a brand due to sales in China and ended out selling the Buick Envision in the US, even asked for duty exemption from the Trump administration.
FWIW, I like the Envision, despite being an ICE. It has a sprightly response, handled really well for a small SUV. Of course it is built on the same platform as the Malibu, Regal, XT-4 and, for the moment, the Opel/Vauxhall Insignia (those two will soon yield to a Stellantis EV oriented platform, mostly likely the eCMP).
When considering Tesla competition the ability of the eCMP and eVMP platforms to deliver economies of scale while allowing Jeep, Maserati, Alfa, Opel, Vauxhall, Fiat, Peugeot and Citroën to have unique positioning. There are huge questions about how and whether they can achieve all this. Tavares insists they can go all-electric by 2025. That will be a gigantic challenge even if he counts PHEV, as he probably is.
On the other hand the whole world thought he'd fail at making Opel and Vauxhall profitable, but he did.