Hyundai has launched the electric Ioniq V in China in five variants, with a promotional starting price of 99,900 yuan, LFP batteries, and a WLTP range of up to 533 kilometers. The vehicle is currently available for order only in China, while the company has not specified when it will be introduced to global markets.
Hyundai has officially launched the electric Ioniq V in China after beginning to accept preorders during the Chengdu Motor Show. The limited-time base price starts at 99,900 yuan, or just under $15,000, while the listed price for the base variant outside the promotional offer is 109,900 yuan.
Five Variants and Two Batteries
The vehicle is available in five variants, starting with the Ioniq V 540 Pro priced at 109,900 yuan, followed by the 540 Max at 119,900 yuan and the 540 Max+ at 129,900 yuan. The 650 Max and 650 Max+ variants are priced at 129,900 and 139,900 yuan, respectively.
The 540 variants feature a 53.5-kilowatt-hour LFP battery and a 140-kilowatt motor, or 188 horsepower, with a WLTP range of 443 kilometers. The 650 variants use a 66.8-kilowatt-hour LFP battery and a 168-kilowatt motor, or 225 horsepower, with a WLTP range of up to 533 kilometers. CATL supplies both batteries.
The introductory offer includes a discount ranging from 8,000 to 10,000 yuan, in addition to expanded warranty coverage that includes coverage for battery degradation. The stated range figures remain estimates when compared with U.S. EPA tests, as WLTP and CLTC standards are generally more lenient.
Interior Technologies and Local Driver Assistance
The Ioniq V is based on Hyundai’s E-GMP platform and an 800-volt electrical system. The cabin includes a huge 27-inch central display, with functions powered by two artificial intelligence models from Baidu and ByteDance. It also includes a head-up display called Cyber Eye and a driver-assistance system developed by Hyundai in cooperation with Chinese company Momenta.
Hyundai has not yet disclosed the vehicle’s actual charging speed, an issue that remains unresolved despite the use of an 800-volt platform. This information is particularly important in China, where 1.5-megawatt charging stations are being deployed, with stations reaching 2.2 megawatts also announced.
What Does the Launch Outside China Mean?
The Ioniq V represents the beginning of Hyundai’s plan to launch 20 models in the Chinese electric vehicle market, which is experiencing strong price and technology competition. The company says that its presence in China will help it succeed globally, but it has not announced a timetable for introducing the vehicle in other markets.
The practical result for now is that the low price and announced specifications cannot be taken advantage of outside China; preorders are available there only. The article also indicated that the model could reach global markets in the future, without official confirmation of specific dates or markets. Hyundai also discussed a future extended-range electric version, but the fully electric version appears to be the focus of the current launch.