general motors co gm has slashed the starting price for the cadillac lyriq by 14 in china lyriq constructed on gms ultium ev architecture is now priced at ¥379700 52466 down from the previous ¥439700 60784 reported reuters the move comes after volkswagen ag vwagy reduced its electric vehicle prices in china where major automakers scramble to capture market share the report noted that volkswagens joint venture with chinese stateowned automaker faw announced discounts of 8 to about 27 in its idseries of electric vehicles general motors has also offered an additional discount equivalent to almost 2500 for lyriq buyers who have a deposit in china before the end of august also read general motors cites compliance doubts in new emissions rules the report further noted gm sold 2326 lyriqs in the us in the first half of the year and sold 918 in china in the first quarter price action gm shares are trading flat at 3961 in premarket on the last check monday