Hyundai N Developing All-New, Affordable Performance EV

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Hyundai has confirmed it is working on an all-new, fully electric performance vehicle aimed at offering a more accessible entry point into the N lineup. Unlike the IONIQ 5 N and upcoming IONIQ 6 N - which serve as halo models at the top end of the brand - this new EV will be developed from the ground up as a more affordable N car, using a 400V architecture.

“We definitely need an affordable performance EV as well,” said Manfred Harrer, Executive Vice President and Head of Genesis & Performance Development Tech Unit. “Maybe it takes a little bit longer, but it’s also in an advanced engineering phase.”

While Hyundai’s existing high-performance EVs are built on the 800V EGMP platform, Harrer confirmed that the brand is now exploring alternatives: “We are investigating right now really other more affordable EV performance solutions on 400-volt as well.”

The vehicle is not expected to be a derivative of an existing IONIQ model, but rather a dedicated electric performance product, potentially using a structure similar in concept to the brand’s K1 small car platform—though adapted specifically for EV performance.

This move reflects Hyundai’s desire to expand the reach of the N sub-brand beyond high-cost, low-volume models. Bräunl acknowledged the current lineup is weighted heavily toward premium offerings: “We know we are with the halo effect and the upper end of the MSRP. We need more products on the other scale.”

Although technical specs and a release timeline remain under wraps, Hyundai’s commitment to developing a ground-up, more attainable N EV signals a major step toward making electric performance accessible to a broader audience.

With the IONIQ 5 N priced from over $110,000 drive-away in Australia, a lower-cost model could appeal to drivers transitioning from combustion N cars like the i20 N or i30 N.

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Matt Brand is the driving force behind CarSauce, having initially launched the YouTube channel "Matt Brand Cars" in 2020. With his unique blend of humor, distinctive style, and deep automotive knowledge, Matt quickly grew the channel to over 120,000 subscribers. Before founding CarSauce, Matt worked in Management Consulting at KPMG and in the Aviation industry, leveraging his Bachelor of Commerce from The University of Melbourne. His background in business and consulting, combined with his passion for cars, has shaped CarSauce into a trusted source for automotive news and reviews. As the founder, Matt continues to set the tone for the brand, blending entertainment with expertise.
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