As the company had officially announced last week, General Motors has just launched a new base variant of the all-electric 2024 Cadillac Lyriq in China.
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.
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Comments
$41500 in the US would be very competitive, IF it was offered here. Not until pigs fly or the economy collapses.
Cost of labor and cost of batteries are less in China, so they can sell it for less. And imagine the screams on this site if US sales were imported from China. Short of tariffs, the Chinese EV’s will dominate sales because they can make them for less. EU is quickly discovering this.
And we get nothing! Whose running GM or is it the typical take all you can including the 7500 just because you think you can.
Hey GM, we are NOT interested what GM is doing for chinese. Tell us what you are doing for us in USA! So far we see very little.
It would be stupid for gm not to take the 7500. But they don’t get it, you do. All the makers are making sure you get your 7500 if they possibly can. So that they can push their price as high as possible. What gm gets when you buy is CAFE numbers go up and carbon credits. Invaluable, ask musk.
Cadillac should always offer the best as it is a Cadillac! So, this new variant is just a lower entry point, is that what marketing really wants, or is it just an admission that the original price was too high! Personally, I would love to see Cadillac offer an AWD entry level price point, as that would do two things make Cadillac the Premium Brand feature (AWD) and allow it to decouple the higher-powered drive unit to gain range at highway speeds over 55MPH, which is what the vehicle is designed for: touring and not puddle jumping like a Chevrolet Bolt. Range could well exceed 350 miles if decoupling took place on a unit like this with a small front motor and the stock rear motor turned off over 55 MPH in Cruise Control.