Cadillac ramps up Lyriq electric vehicle output as battery supply grows

A badge of Cadillac, an automobile brand owned by General Motors Company, is seen on the grill of a vehicle for sale at a car dealership in Queens, New York, U.S., November 16, 2021. REUTERS/Andrew Kelly/File Photo

SAN FRANCISCO (Reuters) - General Motors' Cadillac is ramping up production of its Lyriq compact, electric sport utility vehicle now that more batteries are available and demand for luxury EVs remain strong despite a slowdown for other types of EVs, a senior executive said on Thursday.

Production of Lyriq has been far behind initial targets, hamstrung mainly by an issue with assembling battery modules that has crimped GM's EV plans.