To rival Tesla’s best-selling Model 3 car, Hyundai’s sedan expands its EV lineup beyond its current crossovers and SUVs. Hyundai Ioniq 6 launched to compete with tesla and other electric cars. Hyundai and Kia were already the second-largest EV exporters globally outside of China from January to May of this year, according to industry watcher SNE Research, with a combined 13.5 percent market share, trailing only Tesla at 22 percent.
Hyundai Ioniq 6 vs Tesla Model 3
Hyundai Ioniq 6 have become a real competitor to the EV market leader, Tesla with its features, the price and the most important, the range of Hyundai Ioniq 6 in single charge.
The Ioniq 6 costs between 55 million won ($41,949.51) and 65 million won for the South Korean market. The Ioniq 6 will be able to compete with Tesla in the mass-market electric sedan class, according to Lee Jae-il, an analyst at Eugene Investment & Securities.
He pointed out that since Tesla has increased prices numerous times, the Ioniq 6 might gain from its pricing in the EV sedan market. Two 12-inch screens for entertainment and information are located inside the car.
Based on international standards, Hyundai projects that the vehicle will have a range of 610 kilometers (380 miles) on a single charge. The U.S. range, however, is probably going to be different because those testing criteria are different from those in the U.S.
After the Kona and Ioniq 5 crossovers, the Ioniq 6 will be the third entirely electric vehicle sold under the Hyundai brand in the United States. Although the South Korean carmaker also owns Kia, the two brands run separately in the United States.
LMC Automotive, a market research company, projects that Hyundai, including Kia and its luxury Genesis brand, will sell the second-most EVs in the United States this year, only behind Tesla, which shipped more than 936,000 EVs worldwide.
According to Kim Yong Wha, an executive vice president at Hyundai, “We’re using the same (battery) cell chemistry, but… we increased the number of batteries per pack, considerably enhancing energy density.”
It will be produced at Hyundai’s Asan facility in South Korea later this year and will come in two battery pack sizes: 53 kWh and 77.4 kWh. The Ioniq 6 will be on sale in South Korea this year, and it will debut in the US market in the first quarter of 2019. Hyundai said that starting in 2019, the Ioniq 6 model will use LG Energy Solution’s (373220.KS) and SK Innovation’s SK On batteries.