Hyundai Debuts New EV, IONIQ 5

By McKenzie Carpenter Tuesday, February 23, 2021

The EV industry is becoming a more and more popular investment for research and development for auto manufacturers. The market is saturated more now than ever before. Hyundai is the latest car company to release a new EV under a new brand name, the IONIQ 5.

Hyundai dealership in Canada.

About Hyundai’s New EV

The business is an extremely popular South Korean company that has developed an electric vehicle in the past. The EV model currently available at Hyundai is under the Kona name with slight variations as a battery electric vehicle (BEV) or plug-in hybrid. In addition to Kona and the new IONIQ brand, under the new Electric-Global Modular Platform, the business plans to unveil 23 new electric vehicles by 2025.

The car company announced Tuesday in a press release that its business is debuting a new model under the IONIQ name, the IONIQ 5. The new EV is a midsize CUV and is the first model under the IONIQ brand dedicated to BEV. Furthermore, Hyundai states the new EV will “redefine the electric mobility lifestyle with sustainable and innovative features.”

Thomas Schemera, executive vice president and global chief marketing officer of the automotive business, said, “IONIQ 5 will accommodate lifestyles without limits, proactively caring for customers’ needs throughout their journey.” He continued, “It is truly the first electric vehicle to provide a new experience with its innovative use of interior space and advanced technologies.”

IONIQ 5 features drive-by-wire and steer-by-wire technologies, eliminating the need for transmission tunnels and steering columns, allowing for more interior space. The business developed a battery that gives the EV 77.4 kWh, which equates to between 290 to 300 miles of drive-time. In congruence with that, the company claims the battery can go from 5% charged to 80% charged in 18 minutes, 4.5 minutes faster than competitors.

The EV created by the business comes with many other innovative features that the company details further in the press release.

Other EV News

The news of Hyundai launching a new EV comes on the heels of the company stating it will replace batteries in the Kona product line as the business recalled more than 77,000 Kona electric vehicles around the world due to battery fires. The Hyundai Kona fires are reportedly linked to the LG batteries in all of the auto manufacturers’ EV models.

To compete with industry leader Tesla, other car manufacturers around the world are developing electric vehicles. Startup Savant recently wrote on Geely, a Chinese car company, and GM developing new electric vehicles for their respective businesses.

If one thing is for certain, the EV market seems to be ramping up as more car manufacturers enter the market.

About the Author

Headshot of McKenzie Carpenter

McKenzie Carpenter is a graduate of Central Michigan University with a B.A.A. in Integrative Public Relations and French. McKenzie has previously worked for small businesses and nonprofit organizations.

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