Hyundai's First Dedicated EV Will Be the Ioniq 5

Chris Perkins
Photo credit: Hyundai
Photo credit: Hyundai

From Road & Track

Welcome to The Grid, R&T's quick roundup of the auto industry and motorsports news you should know this morning.

Hyundai's First Dedicated EV Will Be the Ioniq 5

Hyundai has sold electric cars for some time now, but they've been based on platforms shared with gasoline-hybrid models. Next month, however, the Korean company will show off its first dedicated EV, the Ioniq 5, a crossover sharing design language with 2019's 45 Concept car. As our colleagues at Car and Driver report, the Ioniq 5 will have 313 hp from electric motors at each axle and a standard 58-kWh battery pack, with a 73-kWh pack optional. Like the new F-150 Hybrid, the Ioniq 5 will be able to serve as a generator, with a 3.5-kWh power output. Hyundai will virtually unveil the Ioniq 5 next month, and Car and Driver reports that U.S. sales could begin later this year.

Nissan Insider Who Reportedly Brought Down Ghosn to Testify

The downfall of Carlos Ghosn and his longtime ally Greg Kelly was stunning and seemingly sudden, and now, the man who apparently masterminded it is set to testify at Kelly's trial. Bloomberg reports that Hari Nada, a longtime (and current) Nissan employee who essentially served as Ghosn's chief of staff, wanted the executive out over his plans to strengthen ties between the Japanese company and Renault. Kelly's trial will be the first time Nada has spoken publicly about his former boss, and he's been granted immunity for cooperating with prosecutors. It will be very interesting to see what he has to say.

Wall Street Impressed With GM's CES Presentation

In a world of highly valued EV startups yet to mass-produce cars, GM wants some of the same love and argues it deserves it more because, well, it's a long-running car company. Yesterday, CEO Mary Barra gave a presentation at CES with teasers of a new portfolio of EVs using the company's Ultium battery technology and the reveal of a new electric-van brand, BrightDrop. Wall Street was impressed. CNBC reports that GM shares hit a record high after the presentation, giving GM a $70 billion market capitalization. At the time of writing, GM stock is valued at $48.89.

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