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July 8, 2021

Genesis launches its first EV in South Korea

Genesis has launched an EV in its home market.

By Graeme Roberts

Hyundai Motor ’s luxury brand, Genesis, has launched its first electric vehicle in South Korea, a battery-electric version of the G80 midsize sedan.

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The G80 EV is powered by 87 kilowatt-hour (KWh) battery pack, giving it a range of close to 430km (268 miles) on a single charge. The batteries can be 80% charged in just 22 minutes thanks to the 400V/800V multi rapid charging system.

A solar panel roof option can generate an average of 730 watt-hours of electricity.

The all-wheel drive model has a power output of 370hp, allowing it to accelerate from zero to 100km/h (62mph) in 4.9 seconds. The model is priced at KRW83m (US$72,300), exclusive of government incentives.

Genesis also plans to launch a purpose-built EV in South Korea later this year, the GV60 crossover, based on the Hyundai Ioniq 5 platform.

The Genesis brand’s global sales increased by 33% to 72,710 units in the first half of 2021.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

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