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How Hyundai plans to challenge Tesla with Ioniq

Hyundai Motors is betting big on the Ioniq family of electric vehicles in an attempt to become the third-largest EV manufacturer by 2025. The Korean carmakers on Monday launched a dedicated EV brand under the name ‘Ioniq’, which will offer customer-centric EV experiences centered on connected lifestyle solutions.

Hyundai will introduce three innovative models over the next four years, with Ioniq 5, a midsize EV CUV based on the concept ‘45’.