Ahead of its motorsport-centric N Festival in Korea later this month, Hyundai Motor Company has unveiled a new enhanced variant of its IONIQ 5 N performance EV. The IONIQ 5 N eN1 is a new electric race car designed and improved by Hyundai for professional drivers only. Don’t worry; it still has the fighter jet noises like the standard IONIQ 5 N.
Hyundai Motor Group’s N and N Line performance sub-brands remain less than a decade old, yet the performance arms have already begun the transition into an all-electric future.
That transition began with the IONIQ 5, which we inevitably learned would be the first production EV model to don the “N” performance badge. Throughout 2023, we saw video updates every few months, including a camo’d run at Nürburgring, and an official debut during last year’s Goodwood Festival of Speed, complete with some smoky donuts.
By November 2023, The IONIQ 5 N had made its North American debut ahead of starting pricing around $66,000 shared last month. While the IONIQ 5 N is a performance variant of Hyundai’s flagship IONIQ model, it is still street legal and available to consumers… albeit with potential dealer markups.
Hyundai N’s next spin on the IONIQ 5, however, is an upgraded race-only cup car designed for professional drivers only. Have a look.
Source: Hyundai Motor Company
Check out the new Hyundai IONIQ 5 N eN1
In a press release today, Hyundai unveiled the new IONIQ 5 N eN1, including design details, performance specs, images, and a video below. The live unveiling occurred during the official practice round for the upcoming Hyundai N Festival, which begins its first race round on April 27.
Hyundai explained that the new eN1 shares the same power electronics (PE) system as the IONIQ 5 N, both of which house more power and battery capacity than the consumer-grade IONIQ 5 EV. However, the IONIQ 5 N eN1 Cup was redesigned with circuit racing in mind and features a redesigned body kit for improved handling, increased downforce, and better aerodynamics.
Hyundai N also said it removed all unnecessary components to reduce the weight of the new IONIQ race car while adding forged wheels with slick tires, an FRP hood, and polycarbonate windows. Per Joon Park, Head of N Brand Management Group:
Through the eN1 class, our ultimate aim is to establish Hyundai Motor as a true leader in the EV motorsport platform, fostering the growth and development of Korea’s vibrant motorsport culture while making a resounding impact on a global scale. With the eN1 class, we are poised to redefine the future of racing and pave the way for a new era of electrifying motorsport achievements.
Despite trying to limit weight, interesting components Hyundai decided not to part with include the IONIQ 5 N’s virtual shift and NAS+ (N Active Sound), empowering each racing team to develop their own unique sounds for their EV. Because of these souped-up race upgrades, Hyundai explained that the IONIQ 5 eN1 will not be available for going to get groceries like its other EV models:
Similar to the existing Avante (Elantra) N1 class, the eN1 class is exclusively for professional athletes and is a race-only vehicle that cannot be driven on public roads. The ‘e’ in eN1 refers to the electrification of the race class, highlighting Hyundai Motor’s commitment to sustainable racing.
Hyundai says the new IONIQ 5 N eN1 Cup car will be tested and improved throughout the Proto stage of its upcoming N Festival season. The eN1 class will have its official practice during the opening round, followed by ten races in the fifth round, consisting of various one-on-one knockout races and traditional sprint races, testing of various EV racing methods for the future of sustainable competitions. See the new racing EV in action in the video below:
Source: Hyundai
FTC: We use income earning auto affiliate links.More.
China just laid out a plan to roll out over 100,000 ultra-fast EV charging stations by 2027 – and they’ll all be open to the public.
The National Development and Reform Commission’s (NDRC) joint notice, issued on Monday, asks local authorities to put together construction plans for highway service areas and prioritize the ones that see 40% or more usage during holiday travel rushes.
The NDRC notes that China’s ultra-fast EV charging infrastructure needs upgrading as more 800V EVs hit the road. Those high-voltage platforms can handle super-fast charging in as little as 10 to 30 minutes, but only if the charging hardware is up to speed.
China had 31.4 million EVs on the road at the end of 2024 – nearly 9% of the country’s total vehicle fleet. But charging access is still catching up. As of May 2025, there were 14.4 million charging points, or roughly 1 for every 2.2 EVs.
Advertisement – scroll for more content
To keep the grid running smoothly, China wants new chargers to be smart, with dynamic pricing to incentivize off-peak charging and solar and storage to power the charging stations.
To make the business side work, the government is pushing for 10-year leases for charging station operators, and it’s backing the buildout with local government bonds.
The NDRC emphasized that the DC fast chargers built will be open to the public. This is a big deal because a lot of fast chargers in China aren’t. For example, BYD’s new megawatt chargers aren’t open to third-party vehicles.
As of September 2024, China had expanded its charging infrastructure to 11.4 million EV chargers, but only 3.3 million were public.
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.
A U.S. Justice Department logo or seal showing Justice Department headquarters, known as “Main Justice,” is seen behind the podium in the Department’s headquarters briefing room before a news conference with the Attorney General in Washington, January 24, 2023.
Kevin Lamarque | Reuters
Federal prosecutors have charged two men in connection with a sprawling cryptocurrency investment scheme that defrauded victims out of more than $650 million.
The indictment, unsealed in the District of Puerto Rico, accuses Michael Shannon Sims, 48, of Georgia and Florida, and Juan Carlos Reynoso, 57, of New Jersey and Florida, of operating and promoting OmegaPro, an international crypto multi-level marketing scheme that promised investors 300% returns over 16 months through foreign exchange trading.
“This case exposes the ruthless reality of modern financial crime,” said the Internal Revenue Service’s Chief of Criminal Investigations Guy Ficco. “OmegaPro promised financial freedom but delivered financial ruin.”
From 2019 to 2023, Sims, Reynoso and their co-conspirators allegedly lured thousands of victims worldwide to purchase “investment packages” using cryptocurrency, falsely claiming the funds would be safely managed by elite forex traders, the Department of Justice said.
Prosecutors said the pair flaunted their wealth through social media and extravagant events — including projecting the OmegaPro logo onto the Burj Khalifa, Dubai’s tallest building — to convince investors the operation was legitimate.
A video posted to the company’s LinkedIn page shows guests in evening attire posing for photos and watching the spectacle in Dubai.
Read more CNBC tech news
In reality, authorities allege, OmegaPro was a pyramid-style fraud.
When the company later claimed it had suffered a hack, the defendants told victims they had transferred their funds to a new platform called Broker Group, the DOJ said. Users were never able to withdraw their money from either platform.
The two men face charges of conspiracy to commit wire fraud and conspiracy to commit money laundering, each carrying a maximum sentence of 20 years in prison.
The Justice Department, FBI, IRS-Criminal Investigation, and Homeland Security Investigations led the multiagency investigation, with help from international partners.
Tesla is starting to experience some consequences for misleading Full Self Driving customers – at least that’s the finding of one arbitration ruling that has Tesla refunding one customer $10,000 plus legal fees for failing to deliver on their promises. Find out more on today’s legally challenging episode of Quick Charge!
An arbitration “court” found that Tesla misled customers with its Full Self Driving product, and has now been forced to refund at least one person’s $10,000 payment (plus legal fees) for the not-quite autonomous driving software. France, too, is piling on claims of deceptive business practices – but there’s some good news for FSD fans! If you’re still willing to pay for it, Tesla will thrown in 0% financing on a brand new Cybertruck.
Check out the relevant links, below, to learn more.
New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.
Got news? Let us know! Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. 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. It has 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 Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links.More.