TECH - GM's Cadillac Ramps Up Lyriq Production Amid Surging Demand For Luxury EVs: Report | Benzinga
General Motors Co’s (NYSE:GM) luxury brand, Cadillac, is reportedly ramping up production of its Lyriq electric SUV given the better availability of batteries and strong demand for luxury EVs.
What Happened: The production of the Cadillac Lyriq had been falling short due to battery module assembly issues. But with battery modules becoming available, the company is now planning to ramp production, Reuters reported, citing Cadillac global vice president John Roth.
Roth is also positive on demand for the vehicle. “The luxury industry is I think operating at a little bit of a different level than the main market as it relates to EVs. We ...