Prepared Remarks:

Operator

Good afternoon, and welcome to the General Motors Company first quarter 2022 earnings conference call. [Operator instructions] As a reminder, this conference call is being recorded Tuesday, April 26, 2022. I would now like to turn the conference over to Ashish Kohli, GM's vice president of investor relations. Please go ahead.

Ashish Kohli -- Vice President, Investor Relations

Thanks, Sue. Good afternoon, everyone, and thank you for joining us as we review GM's financial results for the first quarter of 2022. Our conference call materials were issued this afternoon and are available on the GM investor relations website. We are also broadcasting this call via webcast.

Joining us today is Mary Barra, GM's chair and CEO; and Paul Jacobson, GM's executive vice president and CFO. In addition, Dan Berce, president and CEO of GM financial; and Kyle Vogt, CEO of Cruise, will be joining us for the Q&A portion of the call. Before we begin, I would like to direct your attention to the forward-looking statements on the first page of our presentation. The content of our call will be governed by this language.

And with that, I'm pleased to turn the call over to Mary.

Mary Barra -- Chairman and Chief Executive Officer

Thanks, Ashish, and welcome to General Motors, and good afternoon, everyone. Today, my remarks will focus on the ways in which the disciplined approach to our transformation is fueling momentum that will establish General Motors as an EV and AV leader across our product portfolio, our patented LTM platform and our supply chain in addition to other initiatives. But I want to begin by thanking our employees, our dealers, our suppliers and our unions for helping us deliver yet another strong quarter, a clear measure of the momentum we have. Our strong earnings in the first quarter were very similar to a year ago, and they show that we deliver on our commitments.

Going forward, we have many revenue and cost opportunities to deliver our full year guidance, which we are affirming today. Last quarter, we discussed our plans to launch more EVs faster because they are catalysts for our growth. We have been very deliberate in our approach to get EVs right and to get solutions that are scalable and position us for leadership in key segments like pickups, luxury and affordable EVs, and deliver programs and services that support margin expansion. This includes the dedicated EV engineering group we formed in 2019 to develop the Ultium platform, the software organization that we brought together and when we created that same year to generate more reoccurring revenue by leveraging connectivity and the foundation of that is our vehicle intelligence platform and now Ultifi. The EV growth organization we formed in 2020 to focus on the consumer experience and to take out inefficiencies of our distribution system; the three battery plants we are opening in the United States between this summer and 2024 with the fourth plant to be announced shortly.