Genesis GV70, Image Source Hyundai Motors
Hyundai announced the Genesis GV70, its first compact SUV from the Genesis brand, scheduled for a 2022 launch.
However, it has also been revealed that Hyundai will also offer 2022 GV70 in an all-electric version that might be coming to the North American market.
Genesis GV70 Interior, Image Source Hyundai Motors
Hyundai’s plans for the calendar-year 2022 includes a facelifted Palisade and Sonata along with new other global models including an electric SUV specifically for China, new conventional and hybrid versions of the Granduer, a model that used to be sold in the U.S and Canada as the Azera.
Earlier this year, Genesis unveiled its first all-electric vehicle, the Electrified G80, at Shanghai’s international auto show in China.
Electrified Genesis G80, image source Hyundai Motors
According to a presentation made to Hyundai’s investors in March 2021, The Hyundai/Kia/Genesis combination will offer 44 “xEV” models by 2025, that use some form of electrification including hybrids, Plug-in hybrids, Electrics and Fuel Cell.
The Hyundai group plans to top the list of the world’s xEV brands. In order to attain that position, the Hyundai group has a target of 1.67 million units by 2025.
Hyundai’s electrified offerings in Canada for 2021 are the Elantra, Ioniq, Sonata, and Santa Fe hybrids; Ioniq plug-in hybrid; and Ioniq and Kona electric vehicles.
For 2022, the company will also add the Tucson Hybrid and Ioniq 5 all-electric.
In the U.S., Hyundai also offers the Nexo fuel-cell vehicle (FCEV).
The Ioniq will become a nameplate for Hyundai’s electric vehicles. It will include the: Ioniq 6 sedan in late 2022 & the Ioniq 7, a large SUV, in 2024.
More about Hyundai's Luxury Brand Genesis
Genesis Motor, referred as Genesis is the luxury vehicle division of Hyundai Motor Group. Initially envisioned along with plans for Hyundai's new luxury Genesis sedan in 2004, the Genesis brand was officially announced as an independent marque on 4 November 2015.
In 2020, J.D. Power named Genesis the most dependable automotive brand in North America
Hyundai conceived "Concept Genesis" in 2003 and introduced its first model in 2007 as a "progressive interpretation of the modern rear-wheel drive sports sedan".
The body design took three years and the total cost of the program was $500 million over a development period of 23 months. Reliability testing ran for 800,000 miles.
Hyundai introduced the Genesis in 2008 at the North American International Auto Show.