Cadillac launches Optiq SUV, priced at $54,000, as electric entry in North America with 300-mile range.

Cadillac is launching its new Optiq SUV, priced at $54,000, to compete with rivals such as BMW and Tesla. As part of General Motors' strategy to sell 2 million electric vehicles worldwide by 2026, the Optiq will be the entry point for the brand's electric lineup in North America. The vehicle features an 85-kWh battery, a dual-motor all-wheel-drive system, and an estimated range of 300 miles.