Hyundai Motors, Ioniq 5 full-scale targeting the electric vehicle market… Good advance contract -Korea

[이데일리 김소연 기자] Korea Investment & Securities predicted that it will begin to target the electric vehicle market in earnest with the newly launched Ioniq 5 on the 24th. On the 25th, the possibility of a favorable pre-contract for Ioniq 5 was predicted. We maintained our BUY rating and our target price of KRW 330,000. The current share price of Hyundai Motor Company is 24,500 won as of the 23rd.

In a report that day, Kim Jin-woo, a researcher at Korea Investment & Securities, said, “Hyundai Motor Co., Ltd. unveiled the first electric vehicle Ioniq 5 to the global market simultaneously. Most of the specifications were already revealed through the EV exclusive platform (E-GMP) public event held in December last year.”

“The price that attracted attention is that all trims are set at 50 million won, and you can receive the full subsidy.” kWh) is released in two models, and the price is 50 million won in the early mid-mid based on a long range.”

Researcher Kim said, “The zero-back (time to reach 100 km/h) is 5.2 seconds based on 4WD. For the first time, a camera was mounted instead of a side mirror, and a recessed door handle was applied for the first time, and it responds to a smart key.”

IONIQ 5 can be pre-contracted from the 25th in Korea only for long range models, and will be released in Europe in March.

Researcher Kim evaluated that Hyundai Motor’s Ionic 5 lowered the entry barrier for electric vehicles. “It’s smaller than the previously known mileage (500km, WLTP), but this is a difference in the measurement method. It is because the domestic standards are more stringent,” he said.

He said, “The vehicle body more than expected will target the market between the Kernel Tesla Model 3 and Model Y.”

Ioniq 5’s pre-contract is expected to be strong. Researcher Kim said, “Considering that the demand for next-generation electric vehicles is large compared to supply, we expect favorable pre-contracts on the 25th.” It is necessary to pay attention to the superior indoor space and convenience features compared to competitors.”

He added, “We expect to target consumers who value indoor space and convenience functions as their main targets.”

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