According to Hyundai Europe's VP of Marketing, Andreas-Christoph Hofmann, the brand is developing a new IONIQ 2 electric car.
The IONIQ 2 is supposed to be a rival to the upcoming VW ID 2all, which will hit the assembly line in 2025, have a range of up to 450 kilometers (279 miles) and cost around 25,000 euros.
Hyundai is aiming for a similar price for the upcoming IONIQ 2. Hofmann told Automotive News, “Everybody in the industry knows the target of this kind of vehicle is 20,000 euros.”
The new EV is expected to have at least 400 km (250 miles) of range. It will be a part of Hyundai’s next-gen IMA platform revealed during its 2023 investor day. Hyundai says the IMA “is a significant advancement” over its current (E-GMP) platform that will help reduce costs.
Hyundai’s IMA will power 13 new Hyundai, Kia, and Genesis EVs through 2030. The platform can be used for “nearly all vehicle classes, ranging from small and large SUVs to pickup trucks.” It will also be used for a new flagship Genesis model.
Source: Automotive News
