Hyundai Motor’s assembly plant in Singapore will begin production of the electric Ioniq 5 in the first half of this year. The Hyundai Motor Group Innovation Centre in Jurong, the location of Singapore’s first vehicle assembly plant in over 40 years, is set to be completed in April.
Due to delays caused by the Covid-19 pandemic, production was originally scheduled to begin in November, but Hyundai is now making up for lost time. In addition to the Ioniq 5, the Jurong facility will also assemble the Ioniq 6 and the new Kona Electric. The plant is expected to produce up to 30,000 vehicles per year by 2025.
To commemorate the production launch, Hyundai will hold a charity auction for the first 100 vehicles produced. These vehicles will feature special stickers and embossing and will be sold with bids starting at $1,000. The auction will take place between January 12th and 16th, with proceeds going towards the “President’s Challenge.”
The first 100 models will be high-powered twin-motor long-range models, which are normally priced at $147,800. Production of the single-motor standard-range models, which start around $100,000, will begin after that. Both models will come with a 10-year, 160,000km warranty on the Ioniq 5’s battery at 70 percent.
Simultaneously, Hyundai has also launched the Ioniq 5 in India at the Auto Expo 2023. Originally introduced as a concept at the IAA in 2019, the Ioniq 5 is the first of six planned battery electric vehicles that Hyundai intends to introduce in India by 2028. Prices will start at Rs 44.95 lakh (approximately €51,067), making it Rs 16 lakh cheaper than its cousin model, the Kia EV6. The Ioniq 5 will be available in a single configuration for India, with a single electric motor and a 72.6kWh battery pack, giving it a claimed ARAI-certified range of 631 km.
As an additional note, Hyundai also showcased another variant of the Ioniq 5 with its e-Corner module at the CES last week.