DETROIT – Common Motors’ new entry-level 2025 Cadillac Optiq electrical car will begin at $54,000, the corporate mentioned Wednesday.

The compact-sized crossover is about to be Cadillac’s fourth electrical car when it goes on sale later this yr. It follows the $59,000 Lyriq midsize crossover, the $300,000-plus bespoke Celestiq sedan and the upcoming $130,000 Escalade IQ SUV. Pricing excludes EV incentives, equivalent to federal credit of as much as $7,500.

“Cadillac has all the time outlined American luxurious, and Optiq is an instance of how our daring, revolutionary spirit is propelling us into the EV future,” John Roth, vice chairman of Cadillac, mentioned in a launch.

The Optiq can be offered in 10 areas, together with North America, China and Europe, the place it debuted Wednesday at a brand new Cadillac showroom in Paris.

It comes as automakers try and increase the enchantment of EVs with less-expensive fashions following slower-than-expected gross sales for the rising automobiles.

The Optiq can also be a possibility for GM to reenter the European market after the automaker offered its operations there in 2017. It might additionally assist GM regain floor in China following notable gross sales and earnings declines lately.

The design of the car is just like Cadillac’s present EVs, together with glossy vertical and horizontal lights and a black grille. It additionally has a big 33-inch diagonal LED inside show and makes use of GM’s Tremendous Cruise hands-free driver-assistance system.

The car, provided in Luxurious and Sport trims, contains an 85-kilowatt-hour battery pack with a regular twin motor all-wheel drive propulsion system that gives a Cadillac-estimated 300 horsepower and 354 pound-feet of torque.

Optiq’s electrical vary on a single cost is estimated at 300 miles. GM mentioned the car is able to including about 79 miles of vary in about 10 minutes with a DC quick charger.

The car can be produced at GM’s Ramos Arizpe plant in Mexico.