Hyundai has confirmed it will launch the high-performance IONIQ 5 N model next year. Hyundai has strengthened its high-performance N brand and N Line brand to compete with other manufacturers for high-performance electric vehicles.
The N model brings the high performance capabilities of their electric vehicle portfolio, while the N Line brings performance-inspired elements to the base model vehicle.
The N Line model will be positioned between the N model and the general Hyundai brand.
At the same time, Hyundai has also introduced two high-performance concept vehicles, namely the battery-powered model RN22e and the hydrogen fuel cell electric N Vision 74 model. Both concept models were created to collect data and test motorsport technology.
“RN22e and N Vision 74 play an important role in the strategic development of our entire product lineup, especially our electrified, high-performance vehicles,” said Thomas Schemera, executive vice president and head of the Customer Experience Division at Hyundai Motor.
Just like the base model, the IONIQ 5 N will use the global electric modular platform (E-GMP), which is a dedicated platform for electric vehicles from the Hyundai Motor Group. This platform is also used by electric vehicles produced by Kia and Genesis.
This platform will also be used for the Ioniq 6, the company’s first electric sedan that was just introduced. Hyundai will also launch the flagship SUV IONIQ 7 which will be available in 2024.
Hyundai has a big target to become one of the big players in the electric vehicle market. The Korean manufacturer has a target of increasing sales of electric vehicles to more than 1.8 million units by 2030 from 140,000 units in 2021. This year, the company targets to sell a total of 4.32 million.
