Cadillac's new mission: Lead GM's EV push

  • Cadillac's new mission: Lead GM's EV push

Cadillac's new mission: Lead GM's EV push

Perhaps most significant, Reuss said GM is aiming to be the first automaker to build electric cars that are both profitable and attainable and that it would be investing earnings from its strong-selling models of today, like traditional pickups and SUVs, in electrification. The vehicle platform is the basis for vehicle underpinnings, including the battery system and other structural and mechanical parts.

News of Cadillac's EV plans follows GM's announcement Wednesday to partner with EVgo, ChargePoint and Greenlots, three of the nation's leading charging networks, to make it easier for owners of GM electric cars to find a charging station and pay for the electricity in the future.

GM had previously focused on making electric vehicles under its mass market Chevrolet brand, including its plug-in Chevrolet Volt and battery electric Bolt. GM has already announced the end of production for the Volt, as well as the plug-in hybrid Cadillac CT6.

The biggest carmaker in the United States two years ago announced EV manufacturing plans that included building a dedicated electric vehicle architecture and launching it by 2021 along with a battery system, with the two to be used to develop at 20 new electric models in both the US and China, the world's largest EV market.

Last month, two OH senators asked GM to commit to building all future electric vehicles for USA buyers within the country. The new platform is a major part of GM's plans to launch at least 20 EVs by 2023. These will range from a compact SUV, to a large seven-seat luxury crossover and a large commercial van.

Cadillac will become the face of GM's push into the electric-vehicle market, although it's unclear when exactly it will appear on the market. CEO Mary Barra reiterated the company's position that the federal government should extend its $7,500 electric auto tax credit indefinitely. Cadillac sales in China are on the rise, with the figure previous year exceeding 200,000 for the first time, Reuters notes. GM opened a battery plant with Chinese partner SAIC Motor Corp Ltd 600104.SS past year.