Genesis revealed Thursday that its first-ever model to be assembled in the US, the 2023 Electrified GV70 EV, will have a starting price of just under $66,000.
After seeing early success with the gas-powered GV70, Genesis, the luxury division under Hyundai Motor, knew it was only a matter of time before its electrified version took over.
The Electrified GV70 is the third electric vehicle from the Genesis brand, following the GV60 SUV launched in 2021 and the all-electric G80 executive sedan arriving last year. However, the GV70 EV marks a significant milestone as the luxury division looks to establish itself in the US.
It will be the first time a Genesis model will be assembled in the US, let alone outside South Korea. The GV70 will be manufactured at the company’s Montgomery, Alabama, manufacturing plant.
Claudia Marquez, Genesis Motor North America’s chief operating officer, commented on the significant milestone, saying:
The Electrified G70 represents two important milestones as we continue on our journey toward full electrification by 2030. We are pleased to not only be growing our electric product portfolio, but also to be assembling Genesis products right here in America for the very first time.
The luxury electric SUV will not be based on Hyundai’s dedicated EV platform (E-GMP). Instead, it will ride on the company’s GV70 platform.
The exterior features a sleek, dynamic appearance with an updated aerodynamic Crest Grille, exclusive 20-inch EV exclusive wheels, and a minimalist rear bumper.
As for the interior, it features the Genesis “beauty of the white space” design inspired by Korean minimalist architecture with driver-focused elements like ambient lighting, a 12.3-inch digital cluster and navigation, and more.
Genesis 2023 Electrified GV70 EV price
Genesis revealed Thursday that the 2023 GV70 EV will start at $65,850 for the advanced all-wheel drive trim.
For the higher Genesis GV70 Prestige AWD model, the MSRP starts at $72,650 but includes Nappa leather seating, a leatherette-wrapped upper instrument panel, a head-up display, a 3D instrument cluster, superior audio, heated 2nd-row seats, and more.
| Starting Price | |
| Electrified GV70 Advanced AWD | $65,850 |
| Electrified GV70 Prestige AWD | $72,650 |
Both models come equipped with dual 160 kW front and 160 kW rear electric motors, a 77.4 kWh lithium-ion battery, and 400V/800V multi-charging.
At a starting price of around $66,000, the Genesis GV70 EV will compete with other luxury electric SUVs, such as Rivian R1S (MSRP from $73,00), BMW iX ($85,000), Audi e-tron ($70,800), and plenty of others.
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Hyundai is about to launch a new electric SUV in China. With its big debut coming up, Hyundai just dropped a sneak peek, and it looks like it could be the IONIQ 4. Check it out for yourself in the video below.
Is Hyundai teasing the IONIQ 4?
We caught our first glimpse of the new EV model last month after Beijing Hyundai released a few official “spy” photos.
Despite the camouflage, you can see a few design elements, like a light bar across the front, slim LED headlights, and a closed-off grille. At first, it almost looks like a smaller version of the IONIQ 9, Hyundai’s first three-row electric SUV, but with a much sportier, shaped profile.
Beijing Hyundai released a new teaser for the upcoming electric SUV this week. The video shows “a wave of high-end operations” as the vehicle dances across the snow.
The video highlights features like real-time torque control, high-speed cornering, and the SUV’s impressive body control while driving around cones.
Hyundai’s new electric SUV is being called “OE” internally, according to The Korean Car Blog, suggesting it could be an IONIQ model.
All other Hyundai IONIQ EV models were also codenamed with an “E” internally, which is raising speculation that this could be the IONIQ 4.
Like most global OEMs, Hyundai is fighting to compete in an intense Chinese EV market, which is dominated by domestic automakers like BYD.
Hyundai opened its first overseas R&D center last year in China to spearhead its comeback. It will work with local suppliers and tech companies to develop EVs designed for Chinese buyers. The new electric SUV is expected to launch in China later this year, followed by three new energy vehicles, including EVs and EREVs.
Beijing Hyundai will release more information on April 16, with the electric SUV set to “challenge the limit of driving performance.”
What do you think of Hyundai’s new electric SUV? Is this the IONIQ 4? Let us know your thoughts in the comments.
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Charge point provider char.gy has secured a £130 million contract to install 6,000 curbside EV chargers for Brighton and Hove City Council (BHCC) – the UK’s largest installation of its kind.
London-based char.gy has also been awarded a 15-year contract to operate and maintain the charging network.
Installing Level 2 chargers curbside, where most drivers in the UK park, will enable more people to take advantage of cheaper charging rates while juicing up their EVs overnight. (charg.gy’s pay as you go night tariff, between midnight and 7 am, is £0.39/kWh, compared to its £0.59/kWh day tariff.)
John Lewis, chief executive of char.gy, said the project is “a huge moment for the UK and its EV ambitions. This partnership alone will empower thousands of residents to confidently make the switch to electric vehicles, knowing they have easy access to chargers.”
Brighton and Hove City Council is among the first to tap into the government’s Local EV Infrastructure (LEVI) Fund, designed to help English local authorities roll out charging solutions for residents without off-street parking. Future of Roads Minister Lilian Greenwood said making EV charging as accessible as possible is “crucial to making the switch to electric a success.”
The UK now has over 75,000 public EV chargers, according to the Department for Transport—and it looks like the country’s on pace to hit its 2030 target. Back in December, the National Audit Office said the rollout is “on track” to meet the DfT’s estimate that at least 300,000 chargers will be needed by the end of the decade.
Read more: Meet the UK’s largest solar + storage EV charging ‘Superhub’
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