Cadillac will be the first GM brand to use the company's newest EV architecture.
There are no details on which type of vehicle Cadillac will first build on the new electric chassis.
The company's Cruise division will launch "self-driving vehicles in a dense urban environment this year."
In November, GM ramped up its belt-tightening measures with cuts to factory and white-collar workers, plant closures in North America and the elimination of several car models as it tries to transform into a nimble company focused on high-margin SUVs, crossovers and trucks, and investments in future products like electric and autonomous vehicles.
Even as GM announced those cuts, it said it would double engineering resources allocated to electric and autonomous vehicle programs by 2020.
The announcement made Friday at an investor meeting marks a shift in GM’s approach to making electric vehicles.
Cadillac will introduce a new model on GM's new EV platform.
GM has been undergoing a transformation over the past four to five years, getting rid of expensive, money-losing programs like the Opel brand in Europe, and investing more into electrification and autonomous vehicle technology.