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Hyundai sketches Ioniq ahead of debut this month

Hyundai has an altogether new model coming soon. It's called the Ioniq, and it'll be a dedicated electrified vehicle with a choice of three powertrain options. The automaker is set to take the wraps off later this month in Korea, but before it does, it's giving us another advance look at the design. As we've seen from previous teasers and spy shots, the Ioniq is slated to blend elements from Hyundai's own design language with a form that ought to closely resemble, in abstract at least, those of rivals like the Chevy Volt and Toyota Prius. That means an aerodynamic shape ending with a high tail to get the most out of its powertrain. The interior promises to be both futuristic and comfortable. Underneath it all is a new platform developed specifically for the Ioniq and three levels of electrification. There'll be a gasoline-electric hybrid version, a plug-in hybrid, and a full EV. We should get out first look up close at the Ioniq at the Geneva Motor Show and New York Auto Show in March, following its reveal in Korea within weeks from now. But even before it's unveiled, Hyundai is already taking pre-orders in certain markets. HYUNDAI MOTOR REVEALS INTERIOR AND EXTERIOR RENDERINGS OF NEW IONIQ - New renderings reveal further innovations for the alternatively fueled IONIQ - Cutting-edge technology delivers class-leading aerodynamics and fuel efficiency - IONIQ introduces unique new vehicle design with three responsive powertrains - Pre-orders now being accepted in domestic market for the IONIQ, released later in 2016 January 5, 2016 – Hyundai Motor has revealed further details of the new IONIQ ahead of its launch in Korea later this month. The innovative alternative-fuel compact vehicle, now available for pre-order in selected markets, is the first-ever car to offer a choice of three efficient and ultra-low emission powertrain options in one body type. The latest interior and exterior renderings reveal more of the IONIQ's eco-friendly credentials, with its advanced powertrain technology central to Hyundai Motor's aim for the world's best hybrid fuel-efficiency. The newly-developed platform, available with full electric, plug-in petrol / electric hybrid, or petrol / electric hybrid powertrains, also delivers a fun and responsive driving experience to match the emotional appeal of the car'seye-catching lines. The exterior of the IONIQ features a distinguished, cutting-edge aerodynamic design.

Hyundai Ioniq EV coming with 110-mile range in US

We've known for a while that the new Hyundai Ioniq line of vehicles will come in three variants: hybrid, plug-in hybrid, and battery electric. As we get ready for more information on the trio at the New York Auto Show this week, we've learned that t he EV, which is slated to go on sale in South Korea in June and in the US towards the end of the year, will have a 28-kilowatt-hour battery pack that's similar to the Kia Soul EV. The Sould EV has a single-charge range of 93 miles, but the Ioniq EV will be able to go as far as 110 miles on one charge, In discussion with Hyundai's Kim Choong, Automotive News learned that despite earlier talk of a 155-mile range for the EV, the 110-mile figure is what the Ioniq will get on the US EPA test cycle, Hyundai spokesman Jim Trainor confirmed in an e-mail to AutoblogGreen on Monday. The longer range figure is what the Ioniq EV will be rated at on the more lenient European cycle. Hyundai revealed its "three-pronged" plan for the Ioniq at the Geneva Motor Show earlier this month. We now know that the EV model will have paddle shifters so the driver can control the level of friction in the car's regenerative brake. Additionally, the EV, as with the hybrid and plug-in hybrid, will have an "eco-routing" navigation system that to make best use of either the range on the EV or the fuel economy on the hybrids. The Ioniq Hybrid debuted in South Korea in January. That variant has already received some attention because Hyundai's Lee Ki-Sang told Automotive News that the hybrid itself will have "standard" and "eco" variants, and that the "eco" version will have a combined fuel-economy rating of 56 miles per gallon, putting it well ahead of the Toyota Prius's fuel economy. That is, if these numbers are all on the same test cycle. Related Video: Featured Gallery 2017 Hyundai Ioniq Electric: Geneva 2016 View 14 Photos News Source: Automotive News-sub.req. via Green Car ReportsImage Credit: Drew Phillips Green Hyundai Electric Hybrid ioniq

Why BMWs are cheaper than Hyundais in Korea

Bloomberg reports shifting tariff regulations have upended the traditional automotive pecking order in Korea. Thanks to cheaper import taxes, foreign brands have seen market share jump from 28 percent to 41 percent over the last two years. BMW, Mercedes-Benz and Audi have all capitalized on the shift, with domestics like Hyundai and Kia suffering at the hands of their German rivals.
Taxes on European imports have fallen from 8 percent in 2011 to just 3.2 percent today. Over the next few years, tariffs will all but be eliminated for most imports, and taxes on US-made vehicles are expected to fall to just 4 percent in 2014. By 2016, that number will be zero. Needless to say, Hyundai and Kia are concerned about the shift.
Hyundai has seen profit fall by 15 percent last quarter, and the company says it is on pace to see the slowest sales growth since 2007. The company's shares have fallen by 12 percent. In order to stem the losses, Hyundai has discounted its midsize sedans and started working on diesel engine options.