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.
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.