Cadillac began production on Monday of its first-ever electric vehicle, the $60,000 Lyriq crossover.
General Motors’ luxury brand has high hopes for the SUV as the first model in the battery-electric portfolio it plans to roll out by 2030. Demand for the car, which goes on sale in May, prompted Cadillac to boost production to 25,000 units this year, up from the 3,200 units previously projected, and launch nine months early.
That’s an encouraging sign for GM, which said it will spend $35 billion toward launching 30 new EVs globally over the next three years. The automaker spent $2 billion readying its Spring Hill, Tennessee, manufacturing complex – the automaker’s largest in North America – to build the Lyriq and other EVs.
The investment is part of GM’s overall strategy to compete with behemoths including Tesla and Volkswagen, w …
