South Korean automaker Hyundai Motor HYMTF said on Monday that it will launch an all-new Ioniq 5 N and a three-row electric SUV as part of its new vehicle lineup for the 2025 model year in the U.S., in addition to a refreshed version of the Ioniq 5 SUV.
What Happened: Hyundai’s new electric vehicle lineup for the 2025 model year includes the Ioniq 3-row SUV, an all-new electrified sports vehicle called the Ioniq 5N, and also an enhanced version of the Ioniq 5.
While the 3-row SUV will be premiered later in 2024, the details of the refreshed Ioniq 5 will be revealed later this summer, the company said.
For context, Hyundai has already revealed the refreshed Ioniq 5 in its home market, South Korea, giving us a glimpse of what to expect from the upcoming EV. It is powered by a bigger battery and sports a refreshed design. The bigger battery has given a boost to the range from 285 miles to 301 miles, and Hyundai has also improved the fast charging speeds – the new Ioniq 5 goes from 10% to 80% in 18 minutes.
It remains to be seen what changes Hyundai brings to the EV by the time it reaches the U.S. shores.
Why It Matters: Hyundai Motor America, the U.S.-based unit of Hyundai Motor, sold 214,719 vehicles in Q2, marking a 2.2% jump year-on-year. The company sold 11,906 units of the Ioniq 5 SUV alone in the said quarter, marking a jump of over 50% from the corresponding period last year.
The 2024 Ioniq 5 starts at $41,800, in the same price range as Tesla Inc.’s Model Y SUV and Ford’s Mustang Mach-E. While the Model Y starts at $44,990, the Mach-E starts at $39,995.
Ford sold 12,645 units of the Mach-E in the U.S. in the second quarter, higher than Hyundai sold Ioniq 5s. The Model Y, meanwhile is Tesla’s best-selling offering.
Check out more of Benzinga's Future Of Mobility coverage by following this link.
Read More:
Photo courtesy: Hyundai
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
