Originally, it was planned for late 2022.
GM has recently stepped up its EV investments to $27 billion.
GM, like many big automakers, has huge EV plans for the next decade. They’ve recently said that they will increase their investment from $20 billion to $27 billion between now and 2025. Of the many steps to be taken, GM will also launch the anticipated Cadillac Lyriq SUV nine months earlier than originally planned.
According to Green Car Reports, GM’s “extraordinarily quick development process helped also shave a few months off Lyriq development time,” Now expected to roll off the Spring Hill, TN. assembly line, the Lyriq should be on the road in the spring of 2022.
Cadillac LYRIQ | Photo: Cadillac
Right around then, GM estimates that its progress in battery development should deliver cost parities with internal combustion engines. This could help explain why pricing for the Cadillac SUV may turn out to be lower than expected. So far, GM has hinted that the Lyriq’s base price will start under $60,000.
Motivation to get to market quickly cannot be underestimated here either. Although the Tesla Model Y, Audi e-Tron (and the GT), and Jaguar I-Pace are already available, very soon, the likes of the Audi Q4 e-Tron, BMW iX, Volvo XC40 Recharge, not to mention the Rivian R1S, Porsche Macan and others are on the way.
