Hyundai is spinning off Ioniq into its own new electric vehicle brand

 

Hyundai is spinning off its Ioniq nameplate into a separate electric vehicle brand, and will introduce three new models over the next four years.

In Canada, Hyundai sells three versions of the Ioniq compact hatchback, as a hybrid, plug-in hybrid, and all-electric. It also sells the compact Kona crossover with a conventional gasoline engine or as an all-electric; and plans to offer the Nexo fuel-cell vehicle in limited markets.

The Korean automaker said the first of the three new global models will be the Ioniq 5, a midsize crossover, arriving in early 2021. It will be followed by the Ioniq 6 sedan in late 2022, and then by the Ioniq 7, a large SUV, in early 2024.

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