Cadillac reveals its new entry-level EV, a compact crossover known as the Optiq

DETROIT – Cadillac’s new entry-level electrical car might be a compact-sized crossover known as Optiq, the corporate said Friday.

The General Motors model mentioned the car, which might be its fourth EV, will slot under the present entry-level Lyriq midsize crossover EV, which begins round $59,000.

Cadillac declined to reveal pricing and different specifics of the 2025 Optiq, which is predicted to go on sale within the U.S. as early as subsequent yr. The car is anticipated to be bought in North America, China, Europe and doubtlessly different markets.

A Cadillac spokesman confirmed Friday that the model nonetheless plans to completely provide EVs by 2030, regardless of slower-than-expected demand for the automobiles. Cadillac initially introduced the goal a number of years in the past. Its mum or dad firm, GM, subsequently set a goal to completely provide EVs by 2035.

Cadillac’s first EV was the Lyriq, adopted by a bespoke $300,000-plus Celestiq sedan and an upcoming all-electric model of the Escalade SUV, which begins at about $130,000.

GM, together with Cadillac, has been far slower than anticipated to roll out and produce EVs, as the corporate battled by way of provide chain issues and points ramping up home battery cell manufacturing.

Cadillac sold fewer than 5,400 Lyriq EVs by way of September. The corporate introduced earlier this week it can increase EV gross sales to Australia and New Zealand, beginning with a right-hand-drive model of the Lyriq.

“Cadillac is experiencing nice gross sales momentum because of our robust product portfolio — and we at the moment are increasing our enterprise globally,” mentioned John Roth, vice chairman of Cadillac, in an announcement. “The introduction of a right-hand-drive Lyriq will allow new alternatives in necessary markets the place EV adoption is powerful.”

Do not miss these tales from CNBC PRO: