Cadillac Korea has released an all-electric version of its luxury SUV, the Escalade IQ. This electric vehicle (EV) has the longest driving range among all EVs currently sold in Korea. It can drive up to 739 kilometers on a single charge, and in real-world conditions, the range could reach around 900 kilometers. The vehicle's battery is made by Ultium Cells in the U.S., a partnership between General Motors (GM) and LG Energy Solution.
The Escalade IQ is the first car to have GM Korea's new Super Cruise hands-free driving system. Korea is the third country to get this advanced driving technology, after North America and China.
Cadillac launched its first fully electric SUV, the Lyriq, in Korea, but sales were lower than expected. According to data from the Korea Automobile Importers & Distributors Association (KAIDA), only 91 units were sold from January to September. This is much lower compared to the BMW iX.
The Escalade IQ has up to 750 horsepower and comes with advanced safety features. Its magnetic ride control system can read the road 1,000 times per second, giving drivers a smoother and safer ride.
The premium sport version of the vehicle is priced at 277.57 million won ($189,300) in Korea, which is much higher than the price in the U.S. because of the exchange rate between the won and the dollar.
Executive Statement
According to Yoom Myong-ok, chief marketing officer at GM Korea, the Escalade IQ is the flagship model for Cadillac, and the vehicle will present a new standard in the market of the full-size electric SUV. The vehicle has expanded the heritage of our Escalade SUV in line with the era of electrification. The Escalade IQ — equipped with Cadillac’s state-of-the-art technologies — will provide a whole new driving experience to customers.