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.
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.
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.
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.
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Deliveries are expected to start in March. The new Model Y hasn’t launched in Europe or North America yet, but it is expected to in the coming months.
The update has received mixed reviews as the updated design is not as well received as the Model 3’s recent design refresh and the specs and feature upgrades are basically in line with the Model 3 refresh.
But Tesla has reportedly received a significant number of orders for the updated electric vehicles.
According to several reports from Chinese bloggers claiming to have information coming from Tesla salespeople (via Car News China), the automaker secured 50,000 Model Y orders on the first day of the design refresh unveiling.
It’s hard to assess how significant this is for Tesla. The automaker delivered about 480,000 Model Ys in China in 2024 – up about 5% year-over-year.
50,000 units would represent just over a month of orders in a single day, but the design refresh was anticipated for about a year. Therefore, there was a lot of pent-up demand for it as people waited for the update to order.
It’s also worth noting that one of the sources claimed that Tesla is guiding that new orders being placed now won’t get delivered until April or May, which was used as evidence supporting the number of orders.
However, Tesla’s Chinese Model Y configurator is still mentioning March deliveries for new orders being placed now:
That’s true for both versions of the new Model Y. Tesla has yet to launch the updated performance version the new electric SUV.
Electrek’s Take
I wouldn’t be really surprised if Tesla secured 50,000 orders for the new Model Y in China, but I would still take this report with a grain of salt. Tesla salespeople have extremely limited visibility into sales beyond their own locations, and the sources appear to be coming from them and are relayed by Chinese bloggers on social media.
That, combined with the fact that the configurator still mentions March deliveries, makes me have doubts.
With that said, 50,000 orders is also not an unbelievable number.
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The rugged new electric SUV will be here before you know it. Jeep is fast-tracking Recon EV production as it prepares for an upcoming launch. Here’s what to expect from Jeep’s new electric SUV inspired by the legendary Wrangler.
Just as Jeep’s first global electric SUV, the Wagoneer S, is arriving at US dealers, the brand is already preparing to introduce another EV.
The Recon was revealed in 2022 as part of Jeep’s new strategy to become “the leading electrified SUV brand” in North America and Europe. Although Jeep launched the Avenger in Europe in early 2023, the Wagoneer S and Recon will be the brand’s first EV models to roll out globally.
The Recon will be Jeep’s first true off-road electric SUV. It’s built from the “ground up to be 100% Jeep 4×4.”Jeep said the new EV is for “those who love to explore extreme adventures in near silence.”
Jeep maker Stellantis said the Recon is “inspired by the legendary Wrangler.” Like the iconic off-roader, it will feature options like removable windows and doors.
With an expected launch just around the corner, Jeep (Stellantis) is reportedly fast-tracking Recon EV production.
When is Jeep launching the Recon EV?
According to MoparInsiders, a source at Stellantis’ assembly plant in Mexico claims production for the new Jeep Recon EV is set for February 24, 2025.
That’s well ahead of expected. After recently introducing the Wagoneer S and Dodge Charger Daytona to the market, Stellantis aims for a smooth launch with the new Jeep Recon EV.
Ahead of its official debut, prototypes of the rugged electric SUV have been spotted in public testing several times. A Recon EV was caught in Michigan with almost no camouflage by the folks at JeepReconForum last month. Inside, a display screen showed a range of 147 miles at 66% charge.
Although that suggests a range of around 223 miles, the production model is expected to be closer to 300 miles. Like the Wagoneer S, which features over 300 miles of driving range, the Recon EV will also be based on Stellantis’ STLA Large platform.
Jeep’s off-road electric SUV will be equipped with its signature Selec-Terrain system, which includes Rock, Mud, and other modes. It will also include standard four-wheel drive for added off-road capabilities. The Recon is expected to pack between 450 to 600 hp with dual EDMs.
According to the report, the Jeep Recon EV will launch in three trims: Willys, Overland, and an even more rugged Moab model.
We caught a glimpse of the Moab trim in 2023 after images leaked out of a dealer event. Over the past few months, the Recon EV has been spotted in public with less and less camouflage.
As it gets closer to production, Jeep’s upcoming electric SUV looks more like a Ford Bronco with a rugged exterior design.
Prices and official specs will be revealed closer to launch, but the Jeep Recon EV is expected to start at around $60,000. More expensive trims, like the Moab, could cost about $80,000. Stellantis will launch the Recon this year in the US and other global markets like Europe, The Middle East, and Asia.
What do you think of Jeep’s Wrangler-inspired Recon? Would you buy one for around $60,000? Drop us a comment below and let us know.
Source: MoparInsiders
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The world’s largest EV maker is making a big statement overseas. In a historic win, BYD officially outsold Toyota in EV sales on its own home turf for the first time last year.
BYD EV sales in Japan topped Toyota in 2024
After squeezing legacy automakers out of China with its low-cost electric cars, BYD is making a strong push into overseas markets.
BYD introduced its first electric vehicle (EV) in Japan in early 2023, the Atto 3. Starting at around $30,000, this SUV competes with popular domestic cars like the Toyota RAV4 and Honda CR-V. It also rivals other EVs on the market, like the Toyota bZ4X and Nissan Ariya.
In its first full sales year, BYD has already outsold Toyota in EV sales in Japan. This accomplishment is even more impressive since Toyota has historically dominated sales in its home market.
According to the Japan Automobile Dealer Association (via CarNewsChina), BYD sold 2,223 EVs in 2024. In comparison, Toyota sold just 2,038 electric cars in its home market last year.
BYD’s EV sales were up 54% compared to 2023, while Toyota’s slipped 30% year over year (YOY). Since launching in 2023, BYD has introduced several top-selling models, including the Dolphin hatchback and Seal sedan.
Starting at just 2.99 million yen ($19,000), the Dolphin competes with top-selling domestic cars like the Toyota Prius and Nissan LEAF.
After launching the Seal last June, widely viewed as its answer to the Tesla Model 3, BYD’s electric sedan was already the top-selling imported EV in Japan by August. BYD’s Seal starts at 5.28 million yen, or around $33,500.
BYD is turning up the pressure in 2025 with plans to launch the Sealion 07 in Japan, its new smart mid-size electric SUV.
Japan’s total EV sales fell 33% to just below 60,000 in 2024, its first YOY decline in four years. Nissan led the market with a roughly 50% share despite LEAF sales slipping nearly 50% (30,749) from 2023. Although Toyota bZ4X sales were up 10%, only 1,012 models were sold in 2024. Toyota’s electric SUV starts at 5.5 million yen ($35,000).
Electrek’s Take
After losing significant market share in China, a critical market for Japanese automakers, BYD is now taking their home market by storm.
Although it’s still a small number, BYD’s growing presence in Japan is impressive. Japan has been a challenging market for foreign brands to compete in. Outside of luxury automakers like Mercedes-Benz, Porsche, and BWM, domestic brands have historically dominated auto sales in Japan.
Toyota accounted for over a third of the market alone last year. After topping Nissan and Honda for the first time in global vehicle sales last year, BYD is laying the groundwork for more growth in 2025.
The Chinese EV leader is expanding with new models launching in Europe, Southeast Asia, Central and South America, and more. Will BYD eventually top Toyota in global sales? As the industry shifts to EVs, BYD is quickly gaining momentum while Toyota lags in key markets.