Hyundai Ioniq V Gets 404 Mile-Range And Costs Just $16,500

Hyundai’s first Ioniq-branded model for the Chinese market, the Ioniq V, is going on sale on September 29 with a shocking starting price for a midsize electric sedan packing advanced powertrain and technology.

The Hyundai Ioniq V has been available for pre-sales since August with a base price of RMB110,000, the equivalent of approximately $16,500. The model is offered in three configurations priced from RMB110,000, RMB119,900 ($17,850), and RMB139,900 ($20,850). It remains to be seen if and how the prices will change after the full launch on September 29.

Nevertheless, these are very impressive prices for a midsize sedan measuring 192.9 inches in length, 74.4 inches in width and 57.9 inches in height (the wheelbase is generous too at 114.2 inches).

Designed and Developed Specifically for China

Styled by the Hyundai China Design Center, the Ioniq V—not to be confused with the Ioniq 5 sold in global markets—is described as a strategic model tailored specifically for Chinese consumers.

Mind you, the low-slung, fastback sedan is rumored to become available in other markets around the world, although Hyundai has not made any official announcement in that regard. The automaker did say that availability in other regions “will be evaluated at a later stage.”

Sadly, the chances of the Hyundai Ioniq V to make it stateside are very slim considering the EV’s specific China-developed software, regulatory, and charging ecosystem alignments that are currently banned in the United States.

Up to 404 Miles of Range From CATL-Supplied LFP Battery Pack

The Hyundai Ioniq V is built by the Beijing Hyundai Motor joint venture on the automaker’s E-GMP (Electric Global Modular Platform) shared with many other Hyundai, Kia and Genesis EVs.

The electric sedan is offered with two single-motor versions with outputs of 188 horsepower and 225 hp, respectively, and two battery sizes of 53.5 kWh and 66.8 kWh. The battery packs use lithium iron phosphate (LFP) chemistry and are both supplied by CATL.

Beijing Hyundai quotes driving ranges of 323 miles and 404 miles, respectively. Mind you, those are calculated according to China’s CLTC test cycle, whose range ratings can be 30-35% higher than America’s EPA cycle. As with most E-GMP-based EVs, the Hyundai Ioniq V offers 800-volt high-voltage fast charging.

Chock-Full of Smart Features

The Ioniq V features a host of smart features, including a 27-inch 4K ultra-slim central infotainment screen powered by Qualcomm’s Snapdragon 8295 cockpit chip and integrating AI large language models including Baidu’s Ernie Bot and ByteDance’s Doubao. The vehicle also features a “Cyber Eye” head-up display system.

The ADAS suite is jointly developed by Beijing Hyundai and China’s Momenta and it enables Level 2+ highway driving functions.

As local website CnEVPost reports, the launch of the Ioniq V will be the first market test of Hyundai’s latest China strategy that began with the debut of the Ioniq brand in April.

The Korean automaker plans to launch 20 battery electric vehicle (BEV) and extended range electric vehicle (EREV) models over the next five years in China, hoping to grow yearly sales to 500,000 units by 2030.