Cadillac prices Celestiq EV around $300,000

© Reuters.Cadillac to price Celestiq EV around $300,000 – report

Michael Elkins

General Motors (NYSE: ) will reveal a prototype of the car, called the Celestiq, later this summer. The Celestiq electric sedan will be built by General Motors’ luxury Cadillac brand and will sell for about $300,000, The Wall Street Journal reported, citing people familiar with the matter. The company has not officially revealed the price of the car.

GM said the sedan will be a Cadillac staple and be customized at an engineering center near Detroit. The automaker intends to build fewer than 500 Celestiqs a year to showcase its technology and create buzz for Cadillac, people familiar with the matter said.

Cadillac recently began rolling out its first electric model, the Lyriq, a midsize SUV that GM is building at a plant in Tennessee. Expect the Celestiq to be one of several new electric vehicles from Cadillac over the next few years.

Source link