March 02, 2021 11:33
Hyundai's new Ioniq 5 electric hatchback is on track to become a hit as it received 23,760 pre-orders on the first day they became available on Feb. 25.
It broke the previous first-day pre-order record for any car in Korea held by Kia's Carnival minivan with 23,006 in July last year.
Pre-orders for the Ioniq 5 were twice as high as the total number of Tesla electric cars sold in Korea last year.
Hyundai plans to manufacture 70,000 Ioniq 5s this year and sell 26,500 of them in Korea, but now it has already reached 90 percent of that goal.
The battery of the Ioniq 5 can be 80 percent charged in just 18 minutes, and the car can travel up to 100 km on just a five-minute charge.
Pre-orders are for the long-range version that can travel between 410 km to 430 km in a single charge. The base model costs between W52 million and W52.5 million, while the high-end model comes in at W57-57.5 million (US$1=W1,129). But with tax breaks and subsidies, the price can come down to around W35-45 million.
The Ioniq 5 will go on sale in Europe in late March.
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