The Cadillac-branded vehicle will be the first from GM to ride on the upcoming BEV3 electric platform, which is expected to arrive in 2021. The electric Cadillac will become the flagship GM challenger to Tesla, the sources said. GM has previously tried to make plug-in hybrids under the Cadillac brands but these sold badly and were discontinued after only a couple of years in production.
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.
It is possible that the electric Cadillac will be targeted at the Chinese market where the government has implemented an aggressive electrification strategy to combat air quality problems and reduce the reliance on oil imports; the country aims to boost hybrid and electric vehicle sales 10 fold over the next decade via incentives and mandates. In 2017, however, the company said BEV3 was flexible enough to underpin everything from compact crossovers to a large seven-passenger luxury sports utility vehicle and a large commercial van. An EV crossover would also match up well against other luxury brands' new electric offerings, such as Audi's e-tron, Mercedes-Benz's EQC, and Jaguar's I-Pace. He added that Cadillac would be "at the forefront" of rolling out new electric vehicles in the United States and China.
This week, GM said Cadillac sales in China rose 17.2 percent in 2018, surpassing 200,000 units for the first time. CEO Mary Barra reiterated the company's position that the federal government should extend its $7,500 electric auto tax credit indefinitely. GM opened a battery plant with Chinese partner SAIC Motor Corp Ltd 600104.SS past year.