Connect with us

Published

on

As we approach summer deliveries of Hyundai’s upcoming electric streamliner – the IONIQ 6 – I got the chance to get behind the wheel for the first time and share my thoughts. As Hyundai’s second model on its 800V E-GMP platform and one of the most aerodynamic EVs available, the IONIQ 6 is sure to provide an extremely joyful, sporty ride to owners while delivering some of the most advanced technology at quite reasonable costs.

Table of contents

Hyundai IONIQ 6 first drive: Is any other automaker delivering more value in high-tech EVs right now?

Background on the Hyundai IONIQ 6

Ever since Hyundai launched its new EV-specific line of IONIQ vehicles in 2020, the 6 streamliner has been on our radar as one we’ve been dying to drive, especially after the quick success of its preceding sibling, the IONIQ 5.

Hyundai teased first images of the aero-centric sedan in June of 2022, followed by a global debut event in mid-July. In October, Hyundai shared the targeted range and drag coefficient on the IONIQ 6, which now arrives as one of the most aerodynamic EVs on the market.

Pre-orders began in the EU first and sold out in less than 24 hours. Following its official debut at Automobility Los Angeles last fall, Hyundai officially launched the IONIQ 6 in North America, which only flamed the fire of desire for this sleek EV on the 800V platform.

Admittedly, I was not blown away by the first images of the IONIQ 6, but after personally exploring it inside and out in my video walk-through, I had a quick change of heart. It’s a lot smaller and sportier in person, yet is still enormous inside.

After that visit to Hyundai USA, I couldn’t wait to get behind the wheel of this thing and test it out for myself. I recently got that chance and was not disappointed. Here are my thoughts.

IONIQ 6 is loaded with interior and exterior firsts for Hyundai

If you follow Electrek closely, you probably have witnessed me gawk over the IONIQ 5 for over a year, as it felt like an all-electric ode to my own personal style – retro meets high-tech. Like a first born, I didn’t think I had any room left in my heart for the IONIQ 6. What the hell is a “streamliner” anyway?

Well, just like Hyundai did in the interior cabin of this new 800V EV, I somehow found more room to love the IONIQ 6 and believe it is going to fare extremely well globally. The team at Hyundai described the overall feel of 6 as a more driver-centric experience compared to the IONIQ 5.

Like the IONIQ 5, Hyundai’s parametric pixels are visible throughout the exterior, from the front headlamps, to the entire rear taillight, and up across its super sporty dual spoilers, housing a unique stop lamp. Across its side, you’ll notice a unique character line and two-tone cladding.

Moving down toward the front wheel, Hyundai has implemented a subtle but effective gap reducer, which its design team explained allows for shorter overall overhang up front while retaining maximized aerodynamics. Speaking of aero, the Hyundai IONIQ 6 offers a 0.22 drag coefficient – strengthening its title as a streamliner.

IONIQ 6

Moving inward, you’ll notice a “winglet” dashboard design that has much more of a cockpit feel compared to the compact SUV that came before it. In a unique first for Hyundai, it also moved all the door buttons to the bridge style center console, allowing not only a minimalist door interior but also a noticeable width and comfort for both the driver and front passenger.

The steering wheel features four parametric pixels, which I learned translates to “H” in morse code. Across the cockpit, Hyundai as upped its lighting game by adding dual ambience to the IONIQ 6. In addition to six preset lighting themes and over 4,000 different combinations, the streamliner’s ambient light is linked to its speed and can change as you accelerate – once again adding to the overall “driver-centric” experience.

While driving, I found the design of the steering wheel intuitive and loved the paddle shifters on either side to switch between four different levels of regenerative braking. It should come as no surprise that I kept it mostly on Hyundai’s stiffest I-Pedal mode for one pedal driving, but I felt it had a balanced mix of recuperation for all driver preferences. The IONIQ 6 also features a Smart Regenerative System (SRS) 2.0 that monitors the EV’s speed and vehicles around it by using front radar and adjusts regen accordingly. I really felt it when going down declines, for instance, as the brake automatically applies itself in front of your foot. Eerie, but cool – talk about ghost riding the whip!

The Limited trim I was driving comes equipped with an 110V vehicle-to-load outlet under the rear seat, which can be used to power devices when the EV is on or in utility mode. Like the 5, the IONIQ 6 also features V2L on its exterior plug, capable of an 110V, 15 amp output at 1.9 kW.

It’s no a hypercar, but it’s still fun as hell to drive

As you’ll see in the detailed specifications below, the Hyundai IONIQ 6 is not the fastest or most powerful EV on the market, nor is it trying to be. What it is, however, is a super aerodynamic ride with some of the industry’s best efficiency that still has plenty of go when you hit the accelerator.

Did I mention it also sits on an 800V platform capable of charge rates between 230-235 kW on a DC charger? It’s also backward compatible with 400V charging, thanks to its onboard inverter. Who else is delivering that? Better yet, who else is delivering that for the MSRPs you’ll see below?

The platform itself features a new heat pump that reflects heat from the motor(s) vertically down through the battery cells to the cooling module beneath. Hyundai’s team explained this allowed them to reduce the part count by 70%, including the removal of a cooling fan, thus increasing the EV’s energy efficiency by 7%. What’s better is that battery preconditioning and the heat pump come standard on all trims of the IONIQ 6. Love that.

The AWD version features new dog clutch as part of a Disconnect Actuator System (DAS) that allows the front motor to operate separately from the wheels, leading to another 6% increase in efficiency. Hyundai is offering three versions of the IONIQ 6 with AWD and the DAS, alongside four RWD versions of varying performance and design features. Here’s how they break down.

Performance specs, trim levels, and pricing

Future customers of the IONIQ 6 will not only see a variety of trim levels at their disposal offering an option for nearly anyone willing to spend $42,000 on a new EV, but arguably the most bang for your buck in terms of technology and standard features.

Model Drivetrain Motor(s) Battery EPA Range (18″ wheels) MSRP
SE Standard Range RWD 111 kW (149 HP) 53 kWh 240 miles $41,600
SE RWD 168 kW (225 HP) 77.4 kWh 361 miles $45,500
SEL RWD 168 kW (225 HP) 77.4 kWh 305 miles $47,700
Limited RWD 168 kW (225 HP) 77.4 kWh 305 miles $52,600
SE AWD AWD 165 kW + 74 kW (320 HP) 77.4 kWh 316 miles $49,000
SEL AWD AWD 165 kW + 74 kW (320 HP) 77.4 kWh 270 miles $51,200
Limited AWD AWD 165 kW + 74 kW (320 HP) 77.4 kWh 270 miles $56,100
MSRPs do not include additional $1,115 delivery fees

Hyundai shared that all seven trims mentioned above are currently in production in Korea. Every variant will soon be available to order, except for the RWD version of the SE, which is scheduled to arrive this summer.

The automaker told us the 6 will be available in 43 states currently home to IONIQ certified dealers, but it could be eventually available in all 50 states, should those dealers apply to sell.

Plenty of other notable features to explore

Here are some additional features that Hyundai is wielding to truly set itself apart from the market. The IONIQ 6 will feature the debut of Hyundai’s first iteration of EV route planner in its navigation system.

The new maps pull real-time data from all the major charging networks to suggest where to stop and recharge along your predetermined route. If you drive past one, the navigation will quickly update and suggest a new spot to stop along the way.

Hyundai shared that this feature will also be rolled out to other EVs later this year via OTA update, so keep an eye out for that. Additionally, all future Hyundai EVs will come equipped with the complimentary software, beginning on 2024 models.

Another cool feature is Hyundai’s BlueLink+ digital key, which allows you to unlock and start the IONIQ 6 with your smartphone without the need for your key fob. As we also tested, you can add Blue Link to your Apple Watch and open the EV’s doors (see above), but you still need a phone to start the car.

In another first, original IONIQ 6 owners will receive complimentary BlueLink+ access with no expiration. Previously, new EV owners were given three years of access. This includes full access to Connected Care, Remote Access, and Navigational Guidance. The streamliner will also come with in-car Wi-Fi hot spot powered by Verizon’s 4G LTE network for three free months or 3GB of data.

So how does it drive? Well my friends, let me tell you.

IONIQ 6 only strengthens Hyundai’s growing EV prowess

Right as we pulled out of the hotel in Scottsdale, Arizona, I wasted no time in immediately switching to Sport Mode and giving the IONIQ 6 hell. My drive partner Jordan was immediately pushed back into his seat as we experience all 320 horsepower of our AWD Limited trim. He immediately turned to me and said, “This is gonna be a fun day.” He wasn’t wrong.

As I mentioned before, I loved the stiff regen of I-Pedal, which allowed me to come to a complete halt and stay put without ever touching the brake. I personally left coasting and rolling behind with combustion and always get a little irked when automakers tout stiff regenerative braking that doesn’t deliver true one-pedal driving. Hyundai’s is some of the best in my opinion.

Even in normal drive mode, the torque of the dual motors in the IONIQ 6 sent me, but Sport Mode was where it was at in terms of acceleration, especially through the winding desert plains around Arizona. Accelerating through curves and over humps in the road, the IONIQ 6 cut through the air while hugging the pavement, offering a much sportier ride than the 5.

Remember that ambient lightning I mentioned earlier tied to the EV’s acceleration? Well, Sport Mode also includes a relative EV Active Sound Design (e-ASD) function that blasts space-age motor noises through the cabin as you accelerate. It’s tough to get the full experience from the video below, but you can still hear the futuristic hum, complimented by an echoing chime as we accelerate. Have a listen.

In terms of user interface, I found the 12.3 displays and HUD to be more than adequate. The access to CarPlay is always welcome in my opinion, although there was no capability for wireless CarPlay connectivity. Not a huge deal, but it would have been a nice addition.

Taylor Swift’s new album sounded amazing on the Bose Premium audio system, blasted throughout the roomy cabin. Whether I was driving, riding shotgun, or exploring the back seat, the IONIQ 6’s 116-inch wheelbase provided tons of room, enabling a passenger volume of 103 cubic-feet, which is significantly larger than comparable models like the Tesla Model 3 or Polestar 2.

Yet another reason why I think the IONIQ 6 is going to be another home run in the market. It provides a more driving-focused design for those potential customers who found the 5 too large or boxy, while still delivering ultrafast charging, V2L, and amazing efficiency.

In terms of pricing, Hyundai is not only offering tremendous variety through seven trims but also a price point to satisfy most drivers looking to go electric, especially when you consider many of the features that come standard (e.g. heat pump, BlueLink+, etc.).

Personally, I feel like the RWD SE is the sweet spot in the lineup. With 361 miles of estimated range for just over $45,000, you’re getting nearly 90 miles more than the RWD Model 3 for about an extra $2,000. I think the 235 kW charge rate and V2L capability is worth that extra money alone, but the added range is a bonus. The SE feels like another solid option if you want AWD, still offering over 315 miles of range with extra oomph from the front motor.

All in all, the Hyundai IONIQ 6 feels bound to arrive as another successful entry into the EV market and will provide even more evidence that the automaker is delivering some of the most advanced and efficient vehicles at respectable value. Being able to eventually produce EVs in the US should only sweeten the deal for potential consumers who can take advantage of federal tax credits.

I highly recommend going for a test drive when you can, because this EV is going to be tough to get when it goes on sale.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Tesla can already deliver new Model Y orders within 2 weeks in China – demand problem?

Published

on

By

Tesla can already deliver new Model Y orders within 2 weeks in China – demand problem?

Tesla says it can deliver new orders for the refreshed Model Y within two weeks in China. Is the automaker already experiencing a demand problem with the new Model Y?

Last month, Tesla launched the new Model Y in China. The vehicle features an updated design and new features that bring it closer to the recently refreshed Model 3.

Tesla has now started delivering the Long Range AWD updated Model Y in China this week.

But along with the start of deliveries, Tesla also opened orders for the non-Launch edition and the Standard Range RWD:

Advertisement – scroll for more content

There were rumors coming from China that Tesla managed to get hundreds of thousands of orders for the new Model Y, which is not impossible since it would be just a few months of production for the best-selling EVs, but now Tesla’s updated configurator raised questions about these rumors.

Tesla says it can deliver a new Model Y RWD order placed today in “2 to 4 weeks” in China.

The Long Range AWD Model Y takes a bit longer at “6-10 weeks” for new orders.

Based on insurance data, Tesla’s deliveries in 2025 are currently down about 7,000 units compared to the same period last year.

Electrek’s Take

There’s no doubt that the Model Y changeover is going to hurt Tesla in Q1. The question is, by how much?

I am surprised to see that you can place an order right now and get on in just 2-4 weeks. It does point to soft demand for the RWD version, at least.

It’s going to be interesting to track deliveries through March. Tesla will need to deliver over 50,000 vehicles next month to arrive at similar levels as it did last year.

It looks like the production ramp is going well, so demand might be the bigger factor.

As for the Model 3, Tesla is already pulling all the demand levers in order for the sedan to contribute, but everything points to the new Model Y being the different maker.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Podcast: Kia EV Day, TSLA stock crashing, VW ID.4 surging, and more

Published

on

By

Podcast: Kia EV Day, TSLA stock crashing, VW ID.4 surging, and more

In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss announcements made at Kia’s EV Day 2025, TSLA stock crashing, VW ID.4 surging, and more.

The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel.

As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.

After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:

Advertisement – scroll for more content

We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.

Here are a few of the articles that we will discuss during the podcast:

Here’s the live stream for today’s episode starting at 4:00 p.m. ET (or the video after 5 p.m. ET)

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Block’s 30% plunge in February leads fintech sell-off, while Stripe shows benefit of staying private

Published

on

By

Block's 30% plunge in February leads fintech sell-off, while Stripe shows benefit of staying private

Patrick Collison, chief executive officer and co-founder of Stripe Inc., left, smiles as John Collison, president and co-founder of Stripe Inc., speaks during a Bloomberg Studio 1.0 television interview in San Francisco, California, U.S., on Friday, March 23, 2018. 

Bloomberg | Bloomberg | Getty Images

Stripe has once again shown why sometimes it’s better to be private.

During a February sell-off for fintech stocks, Block plunged almost 30%, its steepest decline since 2022, alongside drops of 20% or more for PayPal and Coinbase and a 9% slide in shares of SoFi. Meanwhile, Stripe on Thursday announced a tender offer for employee shares at a $91.5 billion valuation, making the payments company significantly more valuable than any of its public market peers.

“In general, they benefit from being private because there’s a handful of stocks that people want to buy and they trade at a premium to public valuations,” said Larry Albukerk, founder of EB Exchange, which helps facilitate trades in shares of pre-IPO companies.

He said Stripe is part of an exclusive group of private companies, along with SpaceX, Anthropic and Anduril, which are all seeing sky-high demand from investors.

“For every one of those, there’s 100 companies that don’t get that kind of premium,” Albukerk said.

The Collison brothers — Patrick and John — founded Stripe in 2010, a year after Jack Dorsey started Square, which is now part of Block. Crypto exchange Coinbase and online lender SoFi were both launched after Stripe.

While all of those companies went the traditional route of raising large amounts of capital from prominent venture capital firms, only Stripe has chosen to stay private. To relieve some pressure for liquidity, Stripe regularly allows early investors and employees to sell a portion of their stake. The tender offer this week marks a 40% increase from a year ago and gets the company close to its peak valuation of $95 billion that it reached in the frothy days of the Covid pandemic.

“We are not dogmatic on the public vs. private question,” John Collison, the company’s president, told CNBC’s Andrew Ross Sorkin this week, adding that Stripe has “no near-term IPO plans.”

Stripe’s peers have all had to report quarterly results of late, and it’s created a hefty dose of volatility and some concern. Last week, Block reported fourth-quarter earnings and revenue that missed analysts’ expectations, pushing the stock down 18%, its third-worst one-day drop on record.

PayPal shares tumbled even though the company blew past estimates and issued better-than-expected guidance. Coinbase topped expectations with revenue soaring 130%, powered by a post-election spike in crypto prices. Coinbase was a leading contributor to Republicans’ sweeping victory in November in its effort to help push forward a more crypto-friendly agenda in Washington, D.C.

But Coinbase fell earlier this week to its lowest price since just before the election, tumbling in tandem with bitcoin and other cryptocurrencies.

Brian Armstrong, CEO of Coinbase, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025.

Gerry Miller | CNBC

It’s been a rough stretch for stocks overall, particularly in the tech sector. The Nasdaq fell about 5% in February, its worst month since September 2023. The S&P 500 declined 2.3%.

Investors have been rattled in recent days by President Donald Trump’s promise of tariffs and economic reports flashing warning signs. Notably, initial filings for unemployment benefits hit their highest level of the year last week in another potential sign of weakness in the labor market.

Fintechs can be more sensitive to economic conditions than the broader tech sector because they’re more directly effected by interest rates, employment data and consumer confidence.

Private market premium

By remaining private, Stripe is able to skirt the daily, weekly and monthly stock swings while also disclosing far fewer numbers to the public regarding its financial health.

The biggest revelation Stripe offered in its annual letter on Thursday is that it generated $1.4 trillion in total payment volume in 2024, up 38% from the year prior. The company said it was profitable in 2024, and expects to remain so this year, without providing specifics, and the only revenue figure it offered was that its finance and tax reporting unit topped a $500 million run rate.

Kelly Rodriques, CEO of private securities marketplace Forge, said Stripe’s valuation jump shows there’s enthusiasm for private companies, even some that aren’t focused specifically on artificial intelligence. Forge’s Private Market Index, which tracks demand for shares in private companies, has surged more than 33% in the past three months, and that’s before Stripe’s latest announcement.

“Stripe’s valuation increase could be further evidence of the broad rally we’re observing in the private market that is now rippling beyond the AI sector, which has driven most of the momentum over the last several months,” Rodriques said in an email.

Albukerk noted that another aspect to the spike in Stripe’s price is the scarcity of volume available for investors and the difficulty in getting access to it other than through the tender offers.

It’s one of those private companies “where there’s a lot of demand and very little supply,” he said.

Stripe President John Collison on road to profitability, utility of stablecoins and AI impact

However, just being private doesn’t eliminate Stripe’s other challenges.

In his interview on “Squawk Box,” John Collison highlighted the growing complexity of financial compliance and said banks are becoming more conservative in their partnerships with fintechs.

“We have started to see the financial system become more involved in financial policy enforcement,” Collison said. “And then you tend to get these occasional flare-ups from time to time.”

Both Wells Fargo and Goldman Sachs have distanced themselves from the company, according to The Information, prompting Stripe to turn to Deutsche Bank and other institutions for key services. Collison didn’t provide details to CNBC, but acknowledged that Stripe has had to navigate shifting relationships.

“Banks are tightly regulated, and they in general want to have a sound book of business,” he said. “They don’t want to get into arguments with their regulator.” According to The Information, Stripe has tripled its risk and compliance headcount to 700 employees over the past two years.

The area with the most regulatory scrutiny has been crypto, which was a notoriously challenging area for companies to operate during the Biden administration. The Federal Deposit Insurance Corporation recently released internal records obtained via FOIA requests, revealing that regulators had sent “pause letters” urging banks to reconsider relationships with crypto firms.

Trump has made a point of loosening restrictions on crypto, and one of his first actions as president was to sign an executive order to promote the advancement of cryptocurrencies in the U.S. and work toward potentially developing a national digital asset stockpile

Stripe made its biggest jump into crypto with the closing this month of its $1.1 billion purchase of Bridge, a provider of stablecoin infrastructure. Stripe’s goal with the deal is to enable more payments via crypto, as Bridge focuses on making it easier for businesses to accept stablecoin payments without having to directly deal in digital tokens.

In its annual letter, Stripe said that stablecoin transactions more than doubled between the fourth quarter of 2023 and the same period last year.

“The fundamentals for stablecoin adoption have only recently fallen into place, enabling the explosive growth we now see,” the company wrote.

— CNBC’s Ari Levy contributed to this report.

WATCH: CNBC’s full interview with Stripe co-founder and president John Collison

Watch CNBC's full interview with Stripe co-founder and president John Collison

Continue Reading

Trending