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.


Finnair Orders 18 Embraer E195-E2 Jets in Landmark Fleet Overhaul
Tesla Eyes $2.9 Billion in Chinese Solar Equipment to Power 100 GW U.S. Manufacturing Push
FEMSA Cuts Jobs at Spin Fintech Unit, Refocuses Strategy on Oxxo Stores
Jeff Bezos Eyes $100 Billion Fund to Transform Manufacturing With AI
Air Canada Express Plane Collides with Ground Vehicle at LaGuardia Airport
Elon Musk Announces Terafab: SpaceX and Tesla to Build Dual AI Chip Factories in Austin, Texas
Tesla FSD EU Approval Delayed to April 10 as RDW Completes Final Review
Judge Dismisses Sam Altman Sexual Abuse Lawsuit, But Sister Can Refile
EA's $15B Debt Offering Draws $25B in Investor Demand Amid Credit Market Turmoil
GE Vernova and Hitachi's $40 Billion SMR Investment Signals a New Era for U.S. Nuclear Energy
Elliott Investment Management Takes Multibillion-Dollar Stake in Synopsys
Netflix Eyes South Korea for More Live Events as BTS Concert Livestream Approaches
Volkswagen CEO Urges Germany to Adopt China's Industrial Discipline Amid Major Restructuring
Virgin Australia Adjusts Fares Amid Rising Aviation Costs and Middle East Tensions
Sinopec Posts 36.8% Net Profit Drop in 2025 Amid Weak Petrochemical Margins and Energy Transition Pressures
Amazon's "Transformer" Phone: Can It Succeed Where Fire Phone Failed?
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 



