The automaker unveiled the new base variant of the 2024 Cadillac Lyriq over the weekend at the 2023 Guangzhou International Automobile Exhibition, as it looks to strengthen its electric vehicle push by making them more competitive and attractive to customers. The new base Lyriq arrives with a substantially lower price that responds to the very high competitiveness of electric cars in the Chinese market.
“The arrival of the latest entry of the Lyriq family represents our full commitment to further expand the IQ EV family and pivot to an all-electric future,” said Vice President of Cadillac China, Tim Heile. “Cadillac will introduce more new EVs in China in addition to a rejuvenated internal combustion engine vehicle portfolio as the brand strives to fulfill customers’ diverse preferences and reinvent luxury mobility,” he added.
In particular, the new base variant of the 2024 Cadillac Lyriq in China is a stripped-down version of the Luxury trim and is officially called the Luxury Standard Range. As such, this additional Lyriq variant maintains the exact same exterior design and body elements of the Luxury, but gets a reduced number of technological features and powertrain tweaks with lower output.
Mechanically, the new base 2024 Cadillac Lyriq is equipped with a rear-wheel drivetrain and a permanent magnet motor that develops 250 kW or 335 horsepower and 440 Nm or 325 pound-feet of torque – down slightly compared to the Luxury trim’s 342 horsepower. However, the 2024 Lyriq Luxury Standard Range maintains the same driving range of 502 km or 312 miles on a full charge under CLTC test conditions.
The new base variant of the 2024 Cadillac Lyriq is now available for sale in Cadillac’s new “IQ Store” dealer network in China, as well as in the digital channels that make up the luxury brand’s direct sales network in that country. The most important novelty of the new 2024 Lyriq base that will increase its attractiveness among customers is its starting price of 297,700 yuan, about $41,500 USD at the current exchange rate, or $11,000 less than before.