Cadillac (GM) Launches VISTIQ SUV with Driver-Assistance Technology

AI Summary

Cadillac (GM) announced its first electric SUV, the VISTIQ, priced at 468,000 yuan ($68,000), featuring advanced driver-assist technology developed with startup Momenta. This launch is part of a strategy to regain market share in China, where the brand previously faced declining sales, down 39% compared to March 2019. Hyundai has also entered the fold, officially launching its IONIQ brand and stating that March sales in China dropped to a third of March 2019 figures. With growing competition, both manufacturers aim to leverage local technology to improve their standing in the Chinese automotive market.