Exclusive - GM's Cadillac will introduce EV in fight against Tesla: sources




Logo of General Motors is pictured at its plant in Silao
Logo of General Motors is pictured at its plant in Silao  

By David Shepardson

WASHINGTON (Reuters) - Cadillac is expected to become General Motors Co's <GM.N> lead electric vehicle brand as the largest U.S. automaker gears up to introduce a new model under that luxury marquee to challenge Tesla Inc <TSLA.O>, two people briefed on the matter said Thursday.

GM is set to announce Friday as part of an investor update that a Cadillac will be the first vehicle based on its forthcoming "BEV3" platform, the people said. The vehicle platform is the basis for vehicle underpinnings, including the battery system and other structural and mechanical parts.

GM is not expected to disclose on Friday additional details, including precisely when the Cadillac EV will be built, whether it will be a crossover or sedan, or where it will be assembled, the sources said.

A GM spokesman declined to comment.

GM had previously focussed on making electric vehicles under its mass market Chevrolet brand, including its plug-in Chevrolet Volt and battery electric Bolt. GM announced last year it was ending production of the plug-in Volt as well as a low-selling plug-in Cadillac CT6, even as it moved to boost EV spending.

GM said in November as part of its restructuring efforts it was doubling resources for electric and autonomous vehicle programs over the next two years.

Last month, two Ohio senators asked GM to commit to building all future electric vehicles for U.S. buyers within the country.

GM said in 2017 it planned by 2021 to introduce a new dedicated flexible electric vehicle architecture and an advanced battery system to support the development of at least 20 new models in the United States and China.

GM said in 2017 that a new electric vehicle platform in 2021 will serve as a base for at least nine derivatives, ranging from a compact crossover to a large seven-passenger luxury sports utility vehicle and a large commercial van.

Johan de Nysschen, who was then Cadillac's president, told Reuters at the Detroit auto show in January 2018 the luxury brand will play a "central role" in GM's electrification strategy, including China. He added that Cadillac would be "at the forefront" of rolling out new electric vehicles in the United States and China. He left GM in April.

This week, GM said Cadillac sales in China rose 17.2 percent in 2018, surpassing 200,000 units for the first time. GM Chief Executive Mary Barra has said that GM aims to sell 1 million electric vehicles a year by 2026, many of them in China, which has set strict production quotas on such vehicles.

Barra said in 2017 the company plans to introduce at least 10 new electric or hybrid vehicles to the Chinese market by 2020. GM opened a battery plant with Chinese partner SAIC Motor Corp Ltd <600104.SS> last year.

In October, GM urged the Trump administration to back a nationwide programme to boost sales of zero emission vehicles like electric cars, even as the government has proposed ending California's ability to require more clean vehicles.


(Reporting by David Shepardson; Editing by Richard Chang)

COMMENTS

More Related News

Arnold Schwarzenegger pushes gas guzzlers as undercover car salesperson
Arnold Schwarzenegger pushes gas guzzlers as undercover car salesperson

Do it now! That's sleazy used car salesman Howard Kleiner back in action, this time trying to get would-be electric car buyers hyped about gas-guzzling, fossil fuel-burning cars. Except it's -- surprise! -- former California governor, body builder, and movie star Arnold Schwarzenegger with a

GM to spend $20 million more on equipment upgrade at Arlington plant
GM to spend $20 million more on equipment upgrade at Arlington plant
  • US
  • 2019-06-25 16:49:20Z

The investment will not add to the plant's production capacity, a GM spokesman said. The No.1 U.S. automaker has not revealed when the company is going to launch its next generation full-size SUVs such as the Chevrolet Tahoe, Chevrolet Suburban, GMC Yukon, GMC Yukon XL and the Cadillac Escalade. GM has long been dominated the U.S. full-size SUV segment, which fetches higher margins, but rival Ford Motor Co has been pushing to capture market share.

BMW vows to rev up electric car rollout
BMW vows to rev up electric car rollout

German high-end carmaker BMW said Tuesday it would accelerate plans to introduce new electric models, as the whole industry comes under pressure to meet strict emissions regulations. The Munich-based manufacturer will offer 25 electrified vehicles in 2023, "two years earlier than originally planned," chief executive Harald Krueger said, adding he would target annual sales growth in the segment of 30 percent between 2020 and 2025. Of the new models, more than half will be all-electric while the remainder will be hybrids, BMW said.

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Latin America

facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.