Hyundai is set to introduce the Ioniq 7, a new three-row electric SUV, at the Busan Motor Show in June, highlighting the company’s commitment to expanding its electric vehicle (EV) lineup. The Ioniq 7 is part of Hyundai’s broader strategy to capitalize on the automotive industry’s shift toward electric vehicles, utilizing its Electric-Global Modular Platform (E-GMP) which also underpins the Ioniq 5 and Ioniq 6 models.
Despite not qualifying for the $7,500 federal tax credit on purchases (only leasing), Hyundai has managed to become the fourth bestselling EV brand in the U.S., with a market share of 4.5% according to S & Global registration data. This achievement comes as competitors like Ford and GM slow down their electric car production. Hyundai is further bolstering its position in the EV market with the construction of its first EV and battery megaplant in Georgia, expected to open as soon as October. Hyundai Motor America CEO Jose Munoz expressed confidence that vehicles produced at this facility, including the Ioniq 7, will qualify for the EV tax credit, which could enhance the company’s competitive edge.
The Ioniq 7 is anticipated to offer significant advancements over its predecessors, featuring a spacious and comfortable interior designed to replicate the experience of being in one’s living room. It has been spotted during testing, indicating that its launch is approaching. The vehicle will share components with the Kia EV9, including an 8-inch ground clearance and options for 76.1 kWh and 99.8 kWh battery capacities, supporting 350 kW charging for rapid recharging times.
Hyundai plans to start production of the Ioniq 7 at its Asan Plant in Korea in July 2024, with future production also expected at the new Georgia facility starting the following year. The SUV’s design reveals it to be slightly larger upfront and less boxy compared to the Kia EV9, despite both being based on the E-GMP platform.
As Hyundai prepares for the official debut of the Ioniq 7, further details about its features and specifications are highly anticipated by industry observers and potential customers alike.
