Hyundai is broadening its electric vehicle lineup with distinct regional strategies. In China, it has officially launched the Ioniq V, a budget EV with a base price of 109,900 yuan (~$16,400) before a limited-time discount that brings it under $15,000. The car uses CATL LFP batteries, with WLTP ranges up to 533 km on the larger pack.
Separately, Hyundai is preparing two new electric SUVs for Europe: the Ioniq 4, a B-segment model below the Ioniq 5, and the Ioniq 7, a family-oriented SUV between the Ioniq 5 and Ioniq 9. According to Hyundai Europe's product VP, details are still to come, but the Ioniq 4 is expected to start around £25,000 and the Ioniq 7 around £45,000–£50,000.
Both sources agree that Hyundai is expanding quickly, but they differ on specifics: the Ioniq V is China-only for now, while the Ioniq 4 and 7 are aimed at Europe. They also agree that US availability is unlikely in the near term. Source 1 notes the Ioniq V has no timeline for global markets, and source 2 says "don't get your hopes up" for the US.