Overview
- Hyundai launched the Ioniq V in Beijing on Friday at Auto China 2026, its first Ioniq production model built specifically for Chinese buyers.
- The EV rides on a platform co-developed with BAIC, uses CATL batteries, and features Momenta driver-assist software, with a claimed range of more than 600 kilometers.
- Executives set a plan to roll out 20 China-dedicated models within five years and target 500,000 annual sales by 2030 under the “In China, For China, To Global” strategy, with an extended-range EV due next year.
- Hyundai said it injected 8 billion yuan into its BAIC joint venture last year and will add 181 dealers as it expands local partnerships and rebuilds its retail network.
- The reset comes after years of lost share following the 2016–17 THAAD backlash and a rapid shift to smart EVs led by domestic brands, in a market where new‑energy vehicles topped half of new sales in 2025.