DETROIT (Michigan News Source) – Cadillac will be launching their fourth all-electric vehicle in North America.

The Optiq is being described as an “entry point’ for the EV lineup for the brand.  Officials describe the new vehicle as a compact luxury SUV.  The company has not provided much information like battery range or whether all-wheel drive will be standard. Analysts expect more details on the new SUV will be announced in 2024.

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A Cadillac spokesman says the brand still plans to exclusively offer EVs by 2030, despite slower-than-expected demand for the vehicles. Cadillac initially announced the target several years ago and GM set a target to exclusively offer EVs by 2035.