Cadillac announced that it delivered 39,135 vehicles in the United States in the fourth quarter of 2022, representing a 75% increase compared to the same period the previous year. This brought the total number of deliveries for the year to 134,726, a 13.9% increase over 2021.
The company's electrification efforts, which include the all-electric Cadillac Lyriq, are just beginning, with only 122 units delivered in total in 2022.
During the third quarter, Cadillac delivered the first 36 units of the Lyriq electric vehicle. In the fourth quarter, production of the Lyriq ramped up, although it was a slow process. Only 86 units were delivered to customers in the last quarter, representing just 0.2% of the brand's total volume.
Production at the Spring Hill Assembly plant in Tennessee has been ramping up to meet customer demand. It is hoped that Cadillac will see significant progress in 2023 and be able to deliver hundreds or even thousands of electric vehicles per quarter.
The Cadillac Lyriq is built on General Motor's Ultium platform and uses lithium-ion battery cells from the Ultium Cells joint venture between GM and LG Energy Solution in Warren, Ohio. GM recently announced plans to invest additional funds in the battery plant to increase production to 50 gigawatt-hours per year.
In addition to the Lyriq, Cadillac is also developing another all-electric model called the Celestiq, which was spotted undergoing road testing in camouflage during the summer of 2022. As a luxury and premium brand, Cadillac is expected to fully electrify its vehicle lineup, potentially even expanding to the European market.
