Hyundai Motor’s’Ioniq 5’and Tesla’Model Y’decisive notice

Teaser image of the interior and exterior of Hyundai Motor’s mid-sized electric SUV’Ioniq 5′. Hyundai Motor Company

This year, the expected stocks of the domestic electric vehicle market are showing one after another. Hyundai Motor Company announced on the 23rd that it will officially unveil the’Ioniq 5′, and Tesla’s mid-sized electric sports utility vehicle (SUV)’Model Y’was released in accordance with the domestic subsidy standard of 60 million won, predicting a fierce market battle.

On the 15th, Hyundai Motor Company unveiled an indoor teaser (preliminary) picture of the first medium-sized electric SUV’Ionic 5’to which an electric vehicle platform was applied. It features a flat floor by eliminating the tunnel part of the indoor floor, which was the structural limitation of the existing internal combustion locomotive. In addition, various options to predict that the character of the vehicle is changing from’transportation means’ to’living space’, such as leg support (leg support) coming out when the chair moves backwards, were installed. Ioniq 5 also applied eco-friendly materials and eco-friendly construction methods.

Although the official specifications of the IONIQ 5 have not been released, the’First Edition’ unveiled in Austria shows that it travels about 500 km in one run, and it takes 5.2 seconds to accelerate from a standstill to 100 km/h. It is expected to be released first in Europe next month and aims to be released in April in Korea. Compared to Tesla’s’Model Y’, which will be a rival vehicle, the total length of the Ionic is 110 mm and 4640 mm, while the wheelbase that influences the interior space is 3000 mm, which is 110 mm longer than the Model Y. Ionic’s domestic launch price is expected to not exceed 60 million won, a standard that can receive 100% subsidies from the Ministry of Environment.

The Tesla Model Y, which was released in Korea on the 12th, set the price of the standard range trim, which is the lowest specification (340㎞ per charge), at 59.9 million won, contrary to market expectations. However, the long range (69.99 million won) trim with a range of 511 km and the performance (79.99 million won) trim, which is a high-performance model, exceeds 60 million won and receives half of the subsidy. At the beginning, there were many concerns that Tesla could lose its competitiveness in the domestic market by exceeding the subsidy payment standard, but it is evaluated that it responded to various consumers’ perspectives by lowering the price instead of reducing the battery capacity. Model Y was first launched in the global market in 2020, and its steady sales history is regarded as a strength.

The confrontation between these two vehicles is also high in market interest in the sense that the No. 1 electric car maker and the existing automakers focused on internal combustion locomotives will switch to full-fledged electric car production. An automobile industry official said, “As pure electric vehicles are released this year, the electric vehicle market is expected to expand significantly.” “For Hyundai Motors, depending on the sales volume of Ionic 5, it will determine whether to settle in the future car market.”

Byungwook Cho, reporter [email protected]

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