Hyundai Ioniq V Claims 404-Mile Range, $17,860 Start

The all-new Hyundai Ioniq V will open order books on September 29 with prices quoted from $17,860, and Hyundai says the model can travel roughly 400 miles on a single charge under China’s test cycle. Despite its low price and long quoted range, Hyundai has indicated the Ioniq V will not be offered in the United States.

Specifications and range

The Ioniq V is built on Hyundai’s E-GMP architecture and uses a single electric motor in two output levels: 188 horsepower (190 metric horsepower) or 225 horsepower (224 metric horsepower). Hyundai offers two lithium iron phosphate battery packs supplied by CATL. The base battery is 53.5 kilowatt-hours, which the company says is sufficient for up to 323 miles (520 kilometers) on the Chinese CLTC cycle. The larger 66.8-kWh pack is quoted at up to 404 miles (650 kilometers) under CLTC. Hyundai and the reporting make clear those figures come from the generous Chinese testing cycle; an EPA test cycle would typically reduce CLTC-range claims by roughly 25 to 30 percent if the model were certified in the United States.

Size, markets and production

Measured at 192.9 inches (4,900 millimeters) long, 74.4 inches wide and 57.9 inches (1,470 millimeters) tall, with a 114.2-inch (2,900-millimeter) wheelbase, the Ioniq V is similar in footprint to the Ioniq 6. Hyundai lists eight exterior colours, including Cyber Gold, Dimension Purple and Gamma Green. The car was designed at the Hyundai China Design Center and is manufactured by Beijing Hyundai at Beijing Plant 3. In China the model is priced from 119,900 yuan for the base configuration (reported in the announcement as approximately $17,600) to 139,900 yuan for the range-topping variant (reported as roughly $20,840).

Observers noted that, by the published numbers, the Ioniq V would undercut current entry-level U.S. electric models and conventional small cars—the Chevrolet Bolt starts at $28,995, the Kia EV3 at $29,890 and the Nissan Leaf at $29,990, while Hyundai’s cheapest U.S. petrol model, the Venue, begins at $20,550—but Hyundai has said the Ioniq V will not be sold in the United States. The company positions the car as a global model likely to reach select European and Middle Eastern markets, though Hyundai has not finalized an export strategy for the model.

Hyundai presents the Ioniq V as a cornerstone of its China strategy: the company plans at least 20 battery-electric and extended-range models for the market over the next five years and is targeting annual sales of up to 600,000 units by 2030.