Hyundai Opens Pre-Sales for China-Built Ioniq V Sedan from $17,680
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Beijing Hyundai opened pre-sales for its Ioniq V electric sedan at the Chengdu Auto Show on Friday, pricing the entry model at 119,900 yuan ($17,680). The vehicle leads a planned rollout of 20 electrified models designed to rebuild the South Korean carmaker’s presence in China.
Buyers can choose between three battery-electric variants ahead of the sedan’s formal showroom launch in September. The base 540 Max starts at 119,900 yuan, the 540 Max+ costs 129,900 yuan, and the top-tier 650 Max+ sells for 139,900 yuan. All three run on an 800-volt high-voltage fast-charging architecture and deliver up to 650 kilometres of range under China Light-Duty Vehicle Test Cycle standards.
Local Hardware and Chinese Software
Developed entirely by Hyundai’s China design centre, the five-seat fastback sits on the group’s dedicated E-GMP platform. The sedan measures 4,900 mm long with a 2,900 mm wheelbase, featuring frameless doors and single-motor powertrains rated at either 140 kW or 168 kW. Contemporary Amperex Technology Co. Supplies the lithium iron phosphate battery packs in 53.5 kWh and 66.8 kWh capacities.
Inside the cabin, the joint venture outsourced key digital systems to domestic tech firms. The dashboard holds a 27-inch 4K display powered by Qualcomm’s Snapdragon 8295 chip, while the operating software integrates artificial intelligence models from Baidu and ByteDance. Driver-assistance software comes via Beijing Hyundai’s partnership with autonomous driving startup Momenta, enabling highway-level assisted navigation.
The Volume Target for 2030
Foreign legacy carmakers have spent two years cutting prices and reshaping supply chains after losing market share to domestic manufacturers such as BYD. Rather than importing global variants at uncompetitive price points, Hyundai is shifting vehicle development directly into China and sourcing cheaper local components to defend retail volumes.
Beijing Hyundai plans to add an extended-range electric version to the Ioniq V line later in the cycle. The company has set a target to sell 500,000 vehicles annually in China by 2030, with plans to export the Chinese-developed sedan to overseas markets later in the production run.
Questions & Answers
Q.What is the price range for the Ioniq V electric sedan models during pre-sales?
What is the price range for the Ioniq V electric sedan models during pre-sales?
The entry model starts at 119,900 yuan ($17,680). The 540 Max+ costs 129,900 yuan, and the top-tier 650 Max+ sells for 139,900 yuan, covering three battery-electric variants.
Q.Which companies supply the key digital systems and batteries for the Ioniq V sedan?
Which companies supply the key digital systems and batteries for the Ioniq V sedan?
Contemporary Amperex Technology Co. Supplies the lithium iron phosphate battery packs. Qualcomm provides the chip for the display, while Baidu and ByteDance integrate AI models for the operating software.
Q.What is Hyundai's long-term sales target for China, and does it involve exports?
What is Hyundai's long-term sales target for China, and does it involve exports?
Hyundai aims to sell 500,000 vehicles annually in China by 2030. There are also plans to export the Chinese-developed sedan to overseas markets later in its production run.