Hyundai has updated its Korean website with details about the expected refresh of its popular Ioniq 5 EV, with only minor changes from the original design but a lot of new features on the inside.
Now the veil has been lifted on the refresh and… it looks pretty similar. But the refresh comes with a lot of new features, in particular some fixes for a lot of the various shortcomings of an otherwise excellent car.
The details are all available on Hyundai’s website, but it’s in Korean only. The American website has not yet been updated with the new details, and everything we talk about here is on the Korean version, and may or may not make it to the US version. We can imagine a lot of these changes will be carried over, but there may be some differences in what’s available in each market.
Exterior changes include new colors, some changes around the front fascia including more “pixel” motif details and an exterior charge status indicator, and a slightly larger rear spoiler above the rear window. The changes to the bumpers mean the car is now 20mm (.8 inches) longer than the previous model.
The Korean version of the car is also getting some changes to the “digital side mirrors,” which are digital cameras in place of the side view mirrors, which are not available in the US.
There are additional exterior changes for the upgraded “N line” version, in particular different bumpers, body-color trim on the wheel arches and door panels, 20-inch wheels and N line badging.
User experience has been improved with access to Hyundai’s “Digital Key 2” which lets you use your phone or Apple Watch to lock and unlock the vehicle. Ioniq 5 also has walk-away door locks (though these might only function with the key fob, not the digital key?)
And of course the largest change on the exterior is the addition of a rear window wiper. This was a big oversight on the original vehicle, which lots of owners and potential buyers lamented the absence of. The refresh gets a wiper on the rear, so you won’t have to worry about your rear window getting grimy anymore.
But the real changes come inside the car, with the biggest change being the addition of about 7kWh of battery, bringing the car up to 84kWh of capacity (from 77.4kWh). The Ioniq 5 was previously rated at 458km (285mi) range in Korea, and the battery increase bumps that rating to 485km (301mi).
We don’t have EPA range numbers available yet or know if Hyundai will hold back some of this capacity, but we can imagine this change will increase EPA range from its current 270mi to somewhere in the mid-high 280s.
Despite the larger battery, Hyundai says the Ioniq 5 has had a slight improvement in charge performance and therefore will still charge from 10-80% in 18 minutes, maintaining what is basically the best fast charging performance available right now.
Other mechanical changes include improved sound and vibration dampening, which should make for a smoother ride and less motor and road noise.
On the interior, a number of new features have been added. The steering wheel has been redesigned with 4 “pixel” lights in the center which are used as charge indicators or indicators for the voice recognition system – and also has something called “hands on detection,” which we presume is some sort of driver alertness feature.
The sliding center console is slightly redesigned, with the addition of USB-C ports, relocation of the smartphone charging pad, and physical buttons for some frequently used car features like the seat heater/ventilator.
And for other interior functional changes, a button has been added in the trunk to fold the rear seats down, making it easier to load large things into the car from the rear. And the glove compartment has been redesigned – it used to be “drawer-like” and now it folds down like a typical glove compartment, a change which may come begrudgingly for some.
But perhaps the biggest interior change isn’t visible, it’s in software. The Ioniq 5 is getting access to Hyundai’s “Connected Car Navigation Cockpit” software along with… over-the-air updates!
The software update screen… in Korean
This is a new feature for Ioniq 5, though it is already present on the Ioniq 6 sedan. The updates won’t just be for critical safety/recall related updates, but for software enhancements as well.
Finally, all of this has resulted in no change in price in Korea, with the same base price of 52,400,000 Korean Won (~$39,400). So we can hope that the US base price, currently $41,800, will stay the same or close to the same when this update comes through.
As for availability, that’s anyone’s guess. We’ll have to wait for an answer from Hyundai on that one.
Electrek’s Take
The Ioniq 5 has quickly become a favorite in the EV community. It’s a really solid vehicle with great specs, a good price (especially if you lease it for access to US tax credits, which Hyundai has been putting a lot of focus into), and generally happy customers.
Personally, I think it’s one of the best-looking cars on the road today. Despite being a small-car guy myself, it’s about the only SUV that I really like – mostly because it’s still compact, and also because the design language of the car is so solid and consistent. It looks just quirky enough to be different, without being too out there.
But these changes were also needed. The lack of rear wiper in particular was a glaring oversight, and OTA updates are such an important feature that has taken far too long to percolate to the rest of the industry. An early-model Tesla Model 3 is better today than is was in 2017, which is not a thing you can say about most cars, and hopefully the Ioniq 5 has joined those ranks due to the addition of OTA update capability.
So we hope most of these changes make their way to the US, and soon, because this is already a great car and these small fixes will just make it that much greater.
FTC: We use income earning auto affiliate links.More.
GE Vernova has produced over half the turbines needed for SunZia Wind, which will be the largest wind farm in the Western Hemisphere when it comes online in 2026.
GE Vernova has manufactured enough turbines at its Pensacola, Florida, factory to supply over 1.2 gigawatts (GW) of the turbines needed for the $5 billion, 2.4 GW SunZia Wind, a project milestone. The wind farm will be sited in Lincoln, Torrance, and San Miguel counties in New Mexico.
At a ribbon-cutting event for Pensacola’s new customer experience center, GE Vernova CEO Scott Strazik noted that since 2023, the company has invested around $70 million in the Pensacola factory.
The Pensacola investments are part of the announcement GE Vernova made in January that it will invest nearly $600 million in its US factories and facilities over the next two years to help meet the surging electricity demands globally. GE Vernova says it’s expecting its investments to create more than 1,500 new US jobs.
Advertisement – scroll for more content
Vic Abate, CEO of GE Vernova Wind, said, “Our dedicated employees in Pensacola are working to address increasing energy demands for the US. The workhorse turbines manufactured at this world-class factory are engineered for reliability and scalability, ensuring our customers can meet growing energy demand.”
SunZia Wind and Transmission will create US history’s largest clean energy infrastructure project.
If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*
FTC: We use income earning auto affiliate links.More.
Circle, the company behind the USDC stablecoin, has filed for an initial public offering and plans to list on the New York Stock Exchange.
The prospectus, filed with the SEC on Tuesday, lays the groundwork for Circle’s long-anticipated entry into the public markets.
JPMorgan Chase and Citigroup are serving as lead underwriters, and the company is reportedly aiming for a valuation of up to $5 billion. It will trade under ticker symbol CRCL.
It marks Circle’s second attempt at going public. A prior merger with a special purpose acquisition company (SPAC) collapsed in late 2022 amid regulatory challenges. Since then, Circle has made strategic moves to position itself closer to the heart of global finance, including the announcement last year that it would relocate its headquarters from Boston to One World Trade Center in New York.
Circle reported $1.68 billion in revenue and reserve income in 2024, up from $1.45 billion in 2023 and $772 million in 2022. The company reported net income last year of about $156 million., down from $268 million a year earlier.
Read more about tech and crypto from CNBC Pro
A successful IPO would make Circle one of the most prominent pure-play crypto companies to list on a U.S. exchange. Coinbase went public through a direct listing in 2021 and has a market cap of about $44 billion.
Circle will be trying to hit the public markets at a volatile moment for tech stocks, with the Nasdaq having just wrapped up its steepest quarterly drop since 2022. The tech IPO market has been mostly dry for over three years, though there are signs of life. Online lender Klarna, digital health company Hinge Health and ticketing marketplace StubHub have all filed their prospectuses recently. Late last week, artificial intelligence infrastructure provider CoreWeave held the biggest IPO for a U.S. venture-backed tech company since 2021. But the company scaled back the offering and the stock had a disappointing first two days of trading before rebounding on Tuesday.
Circle is best known as the issuer of USD Coin (USDC), the world’s second-largest stablecoin by market capitalization.
Pegged one-to-one to the U.S. dollar and backed by cash and short-term Treasury securities, USDC has roughly $60 billion in circulation and makes up about 26% of the total market cap for stablecoins, behind Tether‘s 67% dominance. Its market cap has grown 36% this year, however, compared with Tether’s 5% growth.
The company’s push into public markets reflects a broader moment for the crypto industry, which is enjoying political favor under a more crypto-friendly U.S. administration. The stablecoin sector specifically has been ramping up as the industry gains confidence that the crypto market will get its first piece of U.S. legislation passed and implemented this year, focusing on stablecoins. President Donald Trump has said he hopes lawmakers will send stablecoin legislation to his desk before Congress’s August recess.
Stablecoins’ growth could have investment implications for crypto exchanges like Robinhood and Coinbase as they become a bigger part of crypto trading and cross-border transfers. Coinbase also has an agreement with Circle to share 50% of the revenue of its USDC stablecoin, and Coinbase CEO Brian Armstrong said on the company’s most recent earnings call that it has a “stretch goal to make USDC the number 1 stablecoin.”
The stablecoin market has grown about 11% so far this year and about 47% in the past year, and has become a “systemically important” part of the crypto market, according to Bernstein. Historically, digital assets in this sector have been used for trading and as collateral in decentralized finance (DeFi), and crypto investors watch them closely for evidence of demand, liquidity and activity in the market.
After its meteoric rise in the global auto industry last year, the Chinese EV giant is off to a hot start in 2025. BYD sold over one million EVs and plug-in hybrids in the first three months of the year. Even more impressive, BYD’s overseas sales doubled to start the year as it expands into new markets. With new EVs arriving, some predict BYD could see even more growth this year.
BYD’s overseas sales are surging as new EVs arrive
BYD sold 377,420 new energy vehicles (NEVs) last month alone. Like most Chinese automakers, BYD reports NEV sales, including plug-in hybrids (PHEVs) and fully electric vehicles (EVs).
Of the 371,419 passenger vehicles BYD sold in March, 166,109 were EVs, and the other 205,310 were PHEVs. Combined, BYD’s sales were up 23% compared to last year.
BYD’s Dynasty and Ocean series accounted for 350,615, while its luxury Denza brand sold 12,620, Fang Cheng Bao had 8,051, and its ultra-luxury Yangwang brand sold another 133 models.
Advertisement – scroll for more content
Through the first three months of 2025, BYD sold over one million (1,000,804) NEVs. That’s up 60% from the 626,263 sold in Q1 2024. Fully electric models accounted for 416,388 while PHEV sales reached 569,710, an increase of 39% and 76% from last year, respectively.
BYD Dolphin (left) and Atto 3 (right) at the 2024 Tokyo Spring Festival (Source: BYD Japan)
BYD’s overseas sales reached a new record last month, with 72,723 vehicles sold in markets outside of China. Through March, BYD has sold over 206,000 NEVs overseas, more than double (+110%) the number it sold last year.
BYD has made a name for itself with ultra-low-cost EVs like the Seagull, which starts at under $10,000 in China. In overseas markets, like Mexico, it’s sold as the Dolphin Mini and starts at around 358,800 pesos, or around $20,000.
BYD Seagull EV (Dolphin Mini) testing in Brazil (Source: BYD)
The world’s largest EV maker is quickly expanding into new segments with pickup trucks, smart SUVs, luxury models, and electric supercars rolling out.
Last week, BYD launched the Yangwang U7, its first ultra-luxury electric sedan. With four electric motors, the U7 packs 1,287 horsepower, good for a 0 to 62 mph (0 to 100 km/h) sprint in just 2.9 seconds. It also has up to 720 km (447 miles) CLTC driving range.
BYD Yangwang U7 ultra-luxury electric sedan (Source: Yangwang)
The Porsche Panamera-size EV is loaded with BYD’s top-tier “God’s Eye” A advanced driving assistance system, DiPilot 600, and a host of other premium features. All of that, and it starts at just just 628,000 yuan ($87,700).
In Europe, BYD is aggressively expanding with new vehicles tailored to buyers in the region, like the Sealion 7 midsize SUV and Atto 2. It’s also expected to launch the low-cost Seagull EV in Europe later this year or early 2026 as the “Dolphin Surf.”
BYD’s wide-reaching electric vehicle portfolio (Source: BYD)
According to S&P Global Mobility, BYD’s sales are expected to double in Europe this year to around 186,000. By 2029, that number could reach 400,000 or more.
BYD outsold Honda and Nissan in 2024. As it aims to sell 5.5 million vehicles this year, BYD could be on track to surpass Ford in global sales this year. BYD also aims to sell over 800,000 EVs overseas in 2025, double the number it sold last year.
FTC: We use income earning auto affiliate links.More.