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SVTPerformance's Chain of Restaurants
Road Side Pub
Manufacturer 84 at 0%
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<blockquote data-quote="Weather Man" data-source="post: 16471421" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>GM comes in low with Cadillac Lyriq pricing</strong></span></p><p>Aug. 13, 2020 7:54 AM ET|About: <a href="https://seekingalpha.com/symbol/GM" target="_blank">General Motors Company (GM)</a>|By: <a href="https://seekingalpha.com/author/sa-editor-clark-schultz" target="_blank">Clark Schultz</a>, SA News Editor </p><p></p><p></p><p>Yesterday at the JPMorgan Auto Conference, General Motors (NYSE:<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>) said it would price its Cadillac Lyriq electric SUV at below <a href="https://www.caranddriver.com/news/a33588582/gm-president-cadillac-lyriq-ev-price-60k/" target="_blank">$60K</a>. [ATTACH=full]1657021[/ATTACH]</p><p></p><p>"This car will need to be priced similar to how the industry prices midsize lux SUVs today, maybe a slight premium at the outset. It's a price that won't be high five digits. It won't start with a seven and it won't start with a six," stated GM president Steve Carlisle. Another important factor in the mix is that California and New York cap their state incentives for EV purchases at $60K.</p><p></p><p>The Lyriq isn't due to arrive to the market until 2022, while GM works on the ecosystem. The model is expected to have 300 miles of expected range on a full charge based on Cadillac testing. Lyriq will offer at-home Level 2 AC charge rates up to 19kW and public DC fast-charging rates of up to 150 kW. Tesla's (NASDAQ:<a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA</a>) Model Y and the Polestar 2 could be two competitors for the Lyriq.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16471421, member: 137766"] [size=6][b]GM comes in low with Cadillac Lyriq pricing[/b][/size] Aug. 13, 2020 7:54 AM ET|About: [URL='https://seekingalpha.com/symbol/GM']General Motors Company (GM)[/URL]|By: [URL='https://seekingalpha.com/author/sa-editor-clark-schultz']Clark Schultz[/URL], SA News Editor Yesterday at the JPMorgan Auto Conference, General Motors (NYSE:[URL='https://seekingalpha.com/symbol/GM']GM[/URL]) said it would price its Cadillac Lyriq electric SUV at below [URL='https://www.caranddriver.com/news/a33588582/gm-president-cadillac-lyriq-ev-price-60k/']$60K[/URL]. [ATTACH=full]1657021[/ATTACH] "This car will need to be priced similar to how the industry prices midsize lux SUVs today, maybe a slight premium at the outset. It's a price that won't be high five digits. It won't start with a seven and it won't start with a six," stated GM president Steve Carlisle. Another important factor in the mix is that California and New York cap their state incentives for EV purchases at $60K. The Lyriq isn't due to arrive to the market until 2022, while GM works on the ecosystem. The model is expected to have 300 miles of expected range on a full charge based on Cadillac testing. Lyriq will offer at-home Level 2 AC charge rates up to 19kW and public DC fast-charging rates of up to 150 kW. Tesla's (NASDAQ:[URL='https://seekingalpha.com/symbol/TSLA']TSLA[/URL]) Model Y and the Polestar 2 could be two competitors for the Lyriq. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Manufacturer 84 at 0%
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