CIA-Linked Investor Helped Quantum Systems Expand in US 
MongoDB Stock Sinks 14% as Atlas Growth Misses Expectations 
Shein Shares Slide 9% in Hong Kong IPO Debut 
OpenAI Nears Astra AI Model Launch With Safety Focus 
GM Canada Workers Approve C$1.1 Billion Investment Deal 
Lenovo Shares Fall After Dropbox Security Breach Exposes ID Vulnerability 
Star Entertainment Shares Fall After A$307 Million FY2026 Loss 
Jefferies Names AMEC Top China Semiconductor Equipment Pick 
Trump Secures Drug Pricing Deals With Nine Pharma Companies 
SpaceX Mobile Network Could Cost Up to $130 Billion, Bernstein Says 
The Realist’s Case: Lukas Kerrebijn of RD Dubai on the Narrative Dubai’s Agents Won’t Question 
US Tech Giants’ AI Bond Boom Raises Euro Zone Borrowing Risks 
Honda, Nissan Eye Shared Vehicle Software Platform by 2029 
CATL Shares Fall as Hungary Plant Faces Safety Halt 
Faraday Future Delivers First Robots in Middle East, Plans September Launches 
MediaTek Shares Jump 10% on Nvidia’s $3.5 Billion Investment 
BP Names Ian Tyler Permanent Chairman After Governance Shake-Up 
Add as a preferred source on Google
Hyundai is off to a good start with its entrance into the EV market through its Ioniq 5 car model. It was revealed that it is not just in South Korea, but there is a tremendous interest in its all-new electric car in Europe.
Huge welcome for Hyundai’s EV in Europe
The interest in Hyundai’s limited edition of its Ioniq 5 Project 45 was overwhelming. This was demonstrated when the South Korean automaker received thousands of orders within just 24 hours after it was unveiled. To be more exact, 23,760 pre-orders were placed as the units are rolling out in a few months.
As per The Korean Times, Hyundai’s European branch unit shared that it sold 3,000 units of the new electric car model on the first day the moment they opened the line for preorders. The subsidiary went on to reveal that the consumers in Europe truly showed a strong response to Ioniq 5. Aside from the preorders, 10,000 individuals have also applied to buy the car.
Moreover, the interest in the said car model became more apparent when the European branch of Hyundai received more than 236,000 inquiries after the vehicle was introduced. Some commenters on Hyundai’s social media page wrote that Ioniq 5 is better than Tesla’s.
"The world premiere of the Hyundai IONIQ 5 was followed by the highest number of European customer inquiries of any new car launch for the brand," Hyundai said in a statement. "Debuted via a virtual world premiere, the IONIQ 5 quickly generated a very high level of website traffic and social media engagement from consumers in Europe – more than ever previously recorded by Hyundai for such an event, including the launch of the very popular all-new Tucson SUV in 2020."
Ioniq 5 rollout plans
Hyundai has big plans when Ioniq 5 is finally released in Europe, which will happen this month. It was said that the carmaker is planning to bring the EV to other parts of the world, including in the U.S. The company’s target is for the car model to reach the American shore before the year ends.
Finally, Hyundai’s Ioniq 5 electric cars have no official release date yet in Europe, but it was already confirmed to arrive in a few months. The first batch of customers will get their cars delivered within the second quarter of 2021.
