Hyundai is gaining traction the place most automakers are struggling to remain afloat. Regardless of a flood of low-cost electrical automobiles and an intensifying value battle, Hyundai sees a possibility “to write down a brand new chapter” with its first devoted EV rolling out in China.
Will Hyundai’s new EV spark a comeback in China?
Main as much as its debut, we thought it may very well be the IONIQ 4 with a modern new look. The ELEXIO is Hyundai’s first custom-tailored EV for China.
Throughout its international debut earlier this month in Shanghai, Hyundai stated China is a “must-fight place,” calling it “the core of Hyundai Motor’s international technique.” The corporate additionally revealed its “In China, for China, to the World” technique because it seems to make a comeback on the planet’s largest EV market.
In keeping with Hyundai, the corporate is already seeing early success. On Monday, Hyundai’s three way partnership in China, Beijing Hyundai, introduced that its losses improved by over 100 billion received ($72 million) within the first quarter.
The corporate posted a internet lack of 42.3 billion received within the first three months of 2025, down from the large 146 billion received ($105 million) in Q1 2024. At this tempo, Hyundai might see a revenue by the second quarter in China.
Hyundai stated decrease working prices spurred the associated fee enhancements after the corporate bought its Chongqing plant final 12 months.
It’s additionally because of rising exports. Beijing Hyundai exported 14,999 automobiles in Q1, up considerably from simply 608 a 12 months in the past. Hyundai’s Chinese language JV is investing 8 billion yuan ( $1.1 billion) because it seems to revamp the enterprise.
Though it’s already seeing some success, Hyundai’s new ELEXIO electrical SUV is predicted to speed up its momentum. With the EV launching within the second half of 2025, Hyundai might flip a revenue by the tip of the 12 months. It might even occur as early because the second quarter.
Hyundai claims the brand new EV opens “a brand new start line for the transformation from conventional gasoline automobile big to electrification” in China.
The ELEXIO electrical SUV, dubbed the Chinese language model of its fashionable IONIQ 5, rocks a brand new look with crystal dice LED headlights and a full-length mild bar that stretches throughout the entrance.
Primarily based on Hyundai’s E-GMP platform, which powers the IONIQ 5, the ELEXIO is rated with as much as 435 miles (700 km) CLTC driving vary. Extra particulars, together with costs and trim choices, shall be revealed nearer to launch. Verify again quickly for the newest.
What do you consider Hyundai’s new electrical SUV? Would you purchase the ELEXIO in Europe, the US, or different international markets? Tell us within the feedback.
Supply: Newsis, Beijing Hyundai
