Hyundai’s luxury brand, Genesis, is launching a new “super-large” electric SUV that will be built at its new EV plant in Ulsan. The Genesis GV90 will be the first large electric SUV from the luxury brand.
Hyundai is developing the new flagship electric SUV. It’s designed to take Genesis from a “luxury” brand to a “high-end” automaker.
Rather than competing against BMW, Mercedes, Audi, Cadillac, etc, the Genesis GV90 is expected to rival Bentley and Rolls-Royce.
After breaking ground on its new $1.5B dedicated EV plant in Ulsan, South Korea, on Monday, Hyundai confirmed the first model to be built will be an electric Genesis SUV. According to The Korean Car Blog, the new plant manager explained:
Genesis’s super-large SUV electric vehicle model will be produced for the first time at the new plant.
The new electric SUV will be a part of Hyundai’s next-gen EV lineup, featuring a new dedicated EV platform and batteries.
Hyundai announced an $85B (KRW 109.4 trillion) investment over the next decade to bolster its position in the electric era this June. The automaker increased its goal to selling two million EVs annually by 2030. Its next-gen EV platform will play a key role in getting there.
Left to right: Genesis GV60, Electrified GV70, and Electrified G80 (source: Genesis)
Genesis GV90 electric SUV to feature next-gen tech
The upcoming Genesis GV90 will ride on Hyundai’s new “eM” platform. The eM platform is designed for EVs across all segments and is expected to improve driving range by 50%.
Hyundai Motor Group’s CEO, Jae Hoon Chang, said the new EV platform will provide a “significant advancement” over its current E-GMP. The E-GMP powers the current IONIQ 5, IONIQ 6, and Genesis GV60.
Chang said the new platform “encompasses nearly all vehicle groups, ranging from small and large SUVs to pickup trucks, along with the flagship models of the Genesis brand.”
Genesis Electrified GV70 (Source: Genesis)
This summer, a report from South Korea’s ET News claimed Hyundai was finishing the development of a massive 113.2 kWh battery.
If the reports are accurate, this would be among the highest among passenger EVs. It would top the Mercedes EQS (107.8 kWh), Tesla Model S (100 kWh), and Kia EV9 (99.8 kWh). The extra battery power hints at long-range capabilities (+350 mi).
The flagship electric SUV will also reportedly include Samsung Electronics’ “Exynos Auto V920” semiconductor. The processor provides an immersive driver experience with a digital cockpit, advanced driver assist, and safety features.
It also enables the latest in streaming, gaming, and more. Production of the Genesis GV90 is expected to begin at its new EV plant in February 2026.
Hyundai plans to reveal the first official images of the flagship electric SUV by the end of 2025. It will launch in Europe in April 2026 and North America in June.
Electrek’s Take
An ultra-premium three-row Genesis electric SUV? Bring it on. Genesis’ parent company, Hyundai, has been on a roll in the US, its largest market.
The South Korean automaker set a new US sales record in October, with IONIQ 5 sales up 89% YOY.
Genesis is now available in 33 states. The luxury automaker currently offers three all-electric models in the US. These include the GV60, Electrified GV70 SUV, and Electrified G80. The GV70 EV is already being built in the US. A three-row premium electric SUV would fit nicely in its lineup as it works to become an all-electric brand by 2030.
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Fortescue is marching towards zero emissions as it invests in new, zero-emission mining equipment options across its global operations. And that investment? It’s already paying off. One analyst says the company’s saving almost $400 million in fuel costs alone. Each year.
From massive, Liebherr-built electric haul trucks and excavators to more than $400 million in Chinese equipment from XCMG, Fortescue is putting its money where its mouth is and making real efforts to decarbonize its global mining operations.
“We’re moving rapidly to decarbonize our Pilbara iron ore operations and eliminate our Scope 1 and 2 terrestrial emissions by 2030. To achieve this target, we will need to swap out hundreds of pieces of diesel mining equipment at the end of their life with zero emissions alternatives,” said Fortescue Metals Chief Executive Officer, Dino Otranto, when the XCMG order was announced. “As the global mining industry continues to evolve, we’re proud to be at the forefront of driving innovation in value adding green technology and showing the world that industry can decarbonize.”
Those efforts aren’t just cutting back on air pollution. Electric equipment assets are helping to keep the company’s workers safe and healthy, too. What’s more, they’re saving the company money – they’re already seeing $300-400 million in fuel savings annually.
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Liebherr T264 electric haul truck
Liebherr T264; via Fortescue.
The Liebherr T264 electric haul trucks now working for Fortescue defy common sense notions of size, scale, and power. Each truck tips the scales at 176 tonnes (194 tons) and can haul more than 240 tonnes (265 tons) of payload thanks to powerful electric motors and a big-as-a-house-sized 3.2 MWh battery that can be recharged in a little over 30 minutes by Liebherr’s proprietary 6 MW DC fast charger.
If you could keep the car from exploding, that 6 MW (that’s 6,000 kW to you and me) charger could zap a Tesla Model Y Long Range’s 75 kWh battery in some thirty (30) seconds.
Meanwhile, big electric haul trucks like this 240 ton unit from Caterpillar can, in certain use cases with high amounts of regenerative braking, operate without any significant cost to recharge. At that point, the reduced maintenance and downtime of BEVs compared to diesel vehicles becomes icing on the TCO cake.
We spoke to Fortescue Zero executives a few months ago on a special interview episode of Quick Charge. Check it out (above) then let us know what you think of Fortescue’s fuel savings in the comments.
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This world’s first fully electric deconstruction site is being hailed as a landmark in sustainable urban development — and it’s powered by Siemens technology and Volvo Group’s battery-electric trucks and heavy equipment.
The deconstruction project (that’s kind of like a really careful demolition) marks the first full-scale electric deconstruction of its kind, and serves as important proof that with the right partners and the will to do it, urban construction projects like this can be carried out sustainably, today – and all without fossil fuels. It’s all part of Siemens’ €500 million technology campus redevelopment, the deconstruction site in Erlangen, Germany, and marks a pivotal step in advancing sustainable urban transformation and circular construction practices.
In collaboration with the demolition specialists at Metzner Recycling, Volvo CE deployed a fully electric fleet of equipment assets specially chosen to deliver quiet, precision demolition across the 25,000 cubic meter job site.
As well as deconstruction tasks, the electric machines helped sort and process approximately 12,800 tons of construction waste, with 96% recycled into raw materials for future use – supporting the shift towards circular materials management.
VOLVO CE
“At Siemens Real Estate, we are committed to pushing the boundaries of sustainable construction and demolition,” explains Christian Franz, Head of Sustainability at Siemens Real Estate. “This groundbreaking electric deconstruction project boasts an impressive 96% recycling rate and is a testament to our commitment to achieving excellence in sustainability … this project illustrates how partnerships and determination can create a lasting impact and help shape a more sustainable real estate industry.”
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In addition the construction equipment was hauled into the site by Volvo Truck’s battery electric semi trucks, enabling emission-free operations from demolition, to crushing, materials processing, and transport.
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Hyundai offered a first look at the hot hatch earlier this week after unveiling the Concept Three, its first compact EV under the IONIQ family. The new EV, set to arrive as the IONIQ 3, already has a sporty, hot hatch look, but that could be just the start.
Hyundai has a new EV hot hatch in the making
The Concept Three took the spotlight at IAA Mobility in Munich with a daring new look from Hyundai. Based on its new “Art of Steel” design, the concept is a stark contrast to the Hyundai vehicles on the road today.
Hyundai took the “Aero Hatch” design to the next level, deeming it “a new typology that reimagines the compact EV silhouette.” And that it does.
When it arrives in production form in mid-2026, it’s expected to take the IONIQ 3 name as a smaller, more affordable sibling to the IONIQ 5.
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Hyundai is set to unveil the electric hatchback next spring with an official launch planned in Europe in September 2026. According to Hyundai’s European boss, Xavier Martinet, the IONIQ 3 could make for the perfect EV hot hatch.
The Hyundai Concept THREE EV, a preview of the IONIQ 3 (Source: Hyundai)
Martinet hinted that the IONIQ 3 could receive the “N” treatment, telling Auto Express that “The concept is quite sporty, and obviously you have heritage with N brand.” Hyundai’s European boss added that “it’s a fair topic to consider.”
Although it doesn’t sound too convincing, Hyundai’s head of design, Simon Loasby, called it “an opportunity.” Loasby was quick to add, “We’re not calling it N, it’s not approved yet.”
The Hyundai Concept THREE EV, a preview of the IONIQ 3 (Source: Hyundai)
“But I think everyone in the company is realising what Europe needs, and that’s compact hot hatches, so it’s a topic for discussion,” Hyundai’s design boss added.
The Concept Three is 4,287 mm long, 1,940 mm wide, and 1,428 mm tall, with a wheelbase of 2,722 mm, or about the size of the Kia EV3 and Volkswagen ID.3. Both of which are set for hot hatch variants.
The Hyundai Concept THREE EV, a preview of the IONIQ 3 (Source: Hyundai)
If the IONIQ 3 N does come to life, it will be the third Hyundai EV to receive the high-performance upgrade, following the IONIQ 5 N and IONIQ 6 N.
The IONIQ 5 N “was just the first lap,” according to Joon Park, vice president of Hyundai’s N Brand Management Group. He told Auto Express that Hyundai is “at the starting line” and plans to apply what it learned from its first EV hot hatch to upcoming models.
If you’re looking for an affordable electric hot hatch, Hyundai already offers one. After Hyundai cut lease prices last month, the IONIQ 5 N is now listed at just $549 per month. That’s $150 less per month than in July.