Chevrolet unveils new luxury sedan for 2017 that goes all-electric
Buick and Cadillac announced today a new luxury car, the Cadillac Luxury, which goes all electric.
The Luxury has a range of between 500 miles to 1,500 miles and will go on sale in the U.S. in spring of 2021.
The car is expected to be priced at $36,000, which is about half of what the average American pays for a new car today.
It is powered by an 85-kWh lithium-ion battery and is powered with a 5,200-mile range.
The company is also promising a battery pack that can last 50 years, and the Luxury will also come with a “powertrain” that will help power it.
The “powertrains” will be “based on the Tesla battery pack,” Buick said.
Buick is also introducing a new brand, Buick Automotive, which will “engage customers in a wide variety of activities,” including “travel, adventure, and urban driving.”
Cadillac’s other new luxury brand, Cadillac E-Type, will be sold exclusively through Cadillac.
Buicks U.K. subsidiary, Cadillac, is also expanding its global presence with the introduction of a new model, the CX-5, and a new SUV, the XTS.
BuICK, which went public in November 2021, will offer its vehicles in the United States through 2018.
Cadillac is expected sell about 1 million vehicles a year, which represents a 55% increase over last year.
Buks luxury brand has been under pressure for some time.
The luxury carmaker has been losing money and has been struggling to compete with electric cars in Europe and Asia.
Cadillac’s shares fell as much as 9% to $33.30 in early trading on Thursday.