General Motor Ups EV Game, Announces Cadillac Escalade IQ
Portfolio Pulse from Lekha Gupta
General Motors plans to launch an all-electric Cadillac Escalade, Escalade IQ, later this year as part of its plan to convert Cadillac into an electric vehicle brand by 2030. GM aims to produce 50,000 vehicles by H1 2023 and is investing $35 billion in EVs and autonomous vehicles between 2020 and 2025.
May 22, 2023 | 6:58 pm
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General Motors is launching an all-electric Cadillac Escalade, Escalade IQ, and investing $35 billion in EVs and autonomous vehicles, aiming to produce 50,000 vehicles by H1 2023.
The launch of the all-electric Cadillac Escalade IQ and GM's investment in EVs and autonomous vehicles demonstrate the company's commitment to the growing EV market. This could attract more investors and customers, potentially driving up GM's stock price in the short term.
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