The All-Electric Cadillac Lyriq Is Here. What It Means for GM Stock.

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The Lyriq has 300 miles of driving range, via a 100-kilowatt-hour battery.

Cadillac photo

General Motors began retail production of its all-electric luxury crossover vehicle, the Cadillac Lyriq, on Monday. The company has targeted 25,000 Lyriqs for 2022, according to reports.

Twenty-five thousand amounts to, perhaps, 1% of General Motors’ (ticker: GM) planned 2022 North American output. It’s a small figure, but the Lyriq can have a big impact on GM stock.