U.S. Markets closed

Cadillac will build a Tesla fighter, sources say, as GM's leading EV brand

Reuters
Cadillac will build a Tesla fighter, sources say, as GM's leading EV brand

Cadillac is expected to become General Motors' lead electric vehicle brand as the largest U.S. automaker gears up to introduce a new model under that luxury marquee to challenge Tesla, two people briefed on the matter said Thursday. GM is set to announce Friday as part of an investor update that a Cadillac will be the first vehicle based on its forthcoming "BEV3" platform, the people said. The vehicle platform is the basis for vehicle underpinnings, including the battery system and other structural and mechanical parts.