As expected, General Motors made an official announcement today about its updated strategy, confirming Cadillac as the leading brand in their electrification plan.

Cadillac will introduce the first model based on GM’s all-new EV-specific architecture, codenamed ‘BEV3’, which will eventually become the foundation of at least 20 all-electric model by 2023. Cadillac’s next-gen electric model is expected to reach the market in 2021.

GM President Mark Reuss said that their new platform will be exclusive to Cadillac for an undisclosed amount of time. However, he didn’t reveal if the future electric Cadillac will be an SUV or a sedan. Reuss added that Cadillac is now destined to become the luxury brand it has always meant to be.

The new BEV3 modular platform will offer great flexibility to GM, as it will be able to be used for up to 11 different types of vehicles, ranging from a compact crossover and car to full-size seven-seat SUVs and vans.

However there was no mention if it’s capable of forming the basis for an electric pickup truck. GM repeated its claim that the next-generation EVs will be profitable for the company.

GM will also double the resources allocated to electric vehicles and autonomous driving technologies in the next two years, as announced in the previous weeks.