Hyundai Motors, on Thursday, launched its first electric sedan, Ioniq 6. The vehicle will be available for 55 million won ($41,949.51) to 65 million won in the South Korean market.
This will help the South Korean automobile maker to grab a bigger share of the electric vehicle (EV) market currently dominated by Tesla Inc, Reuters reported. Hyundai's EV market share has been surging in the US and Europe. The Ioniq 6 boasts a more streamlined design.
The Ioniq 6 has a couple of different touchscreens: a 12-inch infotainment display and a 12-inch digital cluster, Reuters reported. There are physical buttons for controlling features like audio or climate control. The steering wheels have lights to show whether the car is charging or listening for voice commands. Hyundai Motor, its sister company Kia Corp and premium brand Genesis plan to introduce 31 electric models through 2030 in a bid to secure a projected 12 per cent of the global EV market.
"The Ioniq 6 will be able to compete with Tesla in the volume EV sedan sector, considering its competitive pricing and long driving range," Lee Jae-il, an analyst at Eugene Investment & Securities told Reuters. The Ioniq 6 has a driving range of about 610 kilometres (380 miles). The battery chemistry used is similar to the Ioniq 5, but the amount of batteries per pack has been maximised-- this will enhance the energy density to a great extent.