Genesis is set to launch a new luxury mid-size electric SUV, the GV80, that will compete against Tesla’s best-selling Model Y and the Porsche Macan EV. The new EV will roll out shortly after its larger GV90 electric SUV hits the market.
Genesis to launch new GV80 luxury electric SUV
After previewing its first full-size electric SUV with the Neolun Concept in March, Genesis is already working on another EV.
Genesis plans to begin building the new electric GV80 in the second quarter of 2026, following the start of production of its flagship GV90 (previewed in the Neolun Concept), which is scheduled for the first half of next year.
According to Genesis, the GV90 features “innovation that exceeds conventional standards.” In other words, Genesis looks to take on luxury rivals like Porsche, Mercedes-Benz, Tesla, and Rivian.
The GV90 will be the first Genesis to use Hyunda’s next-gen “eM” platform. The new platform is expected to cut costs by 20% while boosting range, charging, and efficiency.
Genesis is upping the competition with plans to launch another electric SUV. The new Genesis GV80 will be a purely electric mid-size electric SUV.
Genesis Neolum full-size electric SUV concept (Source: Hyundai Motor)
Codenamed JX2, the mid-size electric SUV is also expected to ride on Hyundai’s eM platform. The new eM is expected to be an upgrade over its current E-GMP platform, which underpins current Hyundai (IONIQ 5/6), Kia (EV6, EV9), and Genesis (GV60) electric models.
Hyundai’s new platform is designed for all vehicle sizes and will include advanced software and autonomous driving capabilities.
Genesis Neolum full-size electric SUV concept (Source: Hyundai Motor)
According to TheKoreanCarBlog, Hyundai’s eM platform will offer up to 113.2 kWh batteries, boosting range to around 700 to 800 km (435 to 497 mi).
After next year, all new Genesis models are expected to be purely electric. The luxury brand plans to produce new electric models in Korea and the US to meet the growing demand.
Genesis Neolun electric SUV concept interior (Source: Hyundai Motor)
The Genesis Electrified GV70 is already being made at Hyundai’s Alabama plant, and construction on the automaker’s first EV and battery plant in the US is expected to begin production by the end of this year.
Electrek’s Take
Genesis is already outpacing luxury rivals in the US market. After topping Infiniti in 2022, Genesis is aiming for even more.
Sales of the luxury brand have surged from 7,000 in 2016 to over 69,000 last year in the US. That’s nearly as much as Porsche (75,415), Land Rover (71,727), and Lincoln (81,818).
Genesis’ new GV80 electric SUV will compete with the new Porsche Macan EV, Tesla Model Y, Rivian R1S, and other luxury SUVs in the segment.
Data from Cox Automotive shows Genesis sold 6,403 EVs in the US last year, outpacing luxury rivals Lexus and Lucid.
Genesis revealed earlier this month that its electric models are now available in 37 US states. The luxury brand offers the GV60, Electrified GV70, and Electrified G80.
Genesis is shaping up to be a dark horse in the US luxury market. Would you buy a new mid-size Genesis electric SUV over a Porsche, Rivian, Tesla, or other luxury brand? Let us know your thoughts below.
If you’ve been eyeing a Genesis EV, now could be the perfect time to start shopping with fresh deals. You can view offers on Genesis electric models near you using our links below.
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Paris’ bike-share system, Vélib has long been considered one of the shining success stories of urban micromobility. With a massive fleet of over 20,000 pedal and electric-assist bicycles around Paris, the service has helped millions of residents and tourists get around the City of Light without needing a car or scooter. But lately, a growing problem is threatening to knock the wheels off this urban mobility marvel: theft and joyriding.
According to city officials and the service operator, more than 600 Vélib bikes are now going missing every single week. That’s over 30 bikes a day simply vanishing from the system – some stolen outright, others taken on “joy rides” and never returned.
“At the moment we’re missing 3,000 bikes,” explained Sylvain Raifaud, head of the Agemob company that currently operates the Velib system. That’s nearly 15% of over 20,000 Vélib bikes across Paris.
The sticky-fingered culprits aren’t necessarily professional thieves or organized crime rings. Instead, they’re often regular users who treat the shared bikes like disposable toys.
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The city estimates that many people have figured out how to pry the bikes out of the system’s parking docks, unlocking one for a casual cruise and then ditching it somewhere far from a docking station.
Once pried free, the bikes are technically usable for the next 24 hours until their automatic locking feature kicks in. At that point, the bikes are often simply abandoned. Some end up in alleyways. Others get tossed in rivers. A few just disappear completely.
And since the bikes are intended to be parked at their many docking stations around the city, they don’t have GPS chips, further complicating recovery of “liberated” bikes.
The issue started small but has grown into more than an inconvenience – it’s beginning to undermine the entire purpose of the service. With bikes going missing at such a high rate, many Vélib docking stations are left empty, especially during rush hours.
Riders looking for a quick commute or a convenient hop across town are increasingly finding themselves without available bikes, or having to walk long distances to find a functioning one.
That kind of unreliability chips away at user confidence and threatens to drive potential riders back into cars, cabs, or other less sustainable forms of transport at a time when Paris has already made great strides to dramatically reduce car usage in the city.
The losses are financially painful, too. Replacing stolen or vandalized bikes isn’t cheap, and the resources spent on tracking down missing equipment or reinforcing anti-theft measures are stretching thin. Vélib has faced theft and vandalism issues before, especially during its early years, but this latest surge has officials sounding the alarm with renewed urgency.
Officials acknowledge that there’s no easy fix. Paris, like many cities with bike-share systems, walks a fine line between accessibility and accountability. Part of what makes Vélib so successful is its ease of use and widespread availability. But those same features make it vulnerable to misuse – especially when enforcement is limited and the consequences for abuse are minimal.
The timing of the problem is especially unfortunate. In recent years, Paris has seen impressive results in reducing car traffic, expanding bike lanes, and promoting cycling as a key part of its sustainable transport strategy. Vélib is a cornerstone of that plan. But if the system becomes too unreliable, it risks losing the very people it was designed to serve.
Meanwhile, as Parisians increasingly find themselves staring at empty docks, the challenge for the city and Vélib will be to restore confidence in the system without making it harder to use. That means striking the right balance between freedom and responsibility, between open access and protection against abuse.
In a city where cycling is supposed to be the future of mobility, losing thousands of bikes to joyriders and sticky fingers isn’t just frustrating; it’s unsustainable.
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U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025.
Nathan Howard | Reuters
When they lose a significant other, most men do indeed become a “TRAIN WRECK.” Then they pick up the pieces of their lives and start living again — paying attention to their personal grooming, hitting the gym and discovering new hobbies.
What does the world’s richest man do? He starts a political party.
Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”
Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.
It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.
To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.
Folks, here’s direct democracy — and the powerful post-separation motivation — in action.
— CNBC’s Erin Doherty contributed to this report.
What you need to know today
And finally…
An investor sits in front of a board showing stock information at a brokerage office in Beijing, China.
US President Donald Trump, right, and Elon Musk, chief executive officer of Tesla Inc., during a news conference in the Oval Office of the White House in Washington, DC, US, on Friday, May 30, 2025.
Francis Chung | Bloomberg | Getty Images
When they find themselves without a significant other, most men finally start living: They pay attention to their personal grooming, hit the gym and discover new hobbies.
What does the world’s richest man do? He starts a political party.
Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”
Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.
It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.
To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.
Folks, here’s direct democracy — and the powerful post-separation motivation — in action.
[PRO] Wall Street is growing cautious on European equities. As investors seek shelter from tumult in U.S., the Stoxx 600 index has risen 6.6% year to date. Analysts, however, think the foundations of that growth could be shaky.
And finally…
Ayrton Senna driving the Marlboro McLaren during the Belgian Grand Prix in 1992.
Pascal Rondeau | Hulton Archive | Getty Images
The CEO mindset is shifting. It’s no longer all about winning
CEOs today aren’t just steering companies — they’re navigating a minefield. From geopolitical shocks and economic volatility to rapid shifts in tech and consumer behavior, the playbook for leadership is being rewritten in real time.
In an exclusive interview with CNBC earlier this week, McLaren Racing CEO Zak Brown outlined a leadership approach centered on urgency, momentum and learning from failure.