Genesis GV60 Magma Debuts as a Posher Hyundai Ioniq 5 N

A Long-Teased Performance Flagship

After more than a year of teasers and concepts, Genesis has finally pulled the wraps off the GV60 Magma. This is the first production model under the new Magma performance line, and it’s not just about chasing lap times. The GV60 Magma is aimed at buyers who want outright performance, but also care about comfort and refinement.

There’s only one trim, and it’s fully loaded. The GV60 Magma sits at the top of the GV60 lineup, showing where Genesis wants to take performance in the years ahead. It shares its hardware with the Hyundai Ioniq 5 N, but the approach is different. While Hyundai goes for all-out aggression, Genesis keeps things more polished and comfort-focused. The result is a calmer, more composed kind of speed.

Power Combined with Posh

Under the skin, the GV60 Magma uses the same dual-motor all-wheel-drive setup as the Ioniq 5 N, putting out 601 horsepower and 546 lb-ft of torque. Hit Boost Mode, and you get a short burst up to 641 hp and 583 lb-ft for about 15 seconds. Genesis says it’ll do 0 to 124 mph in around 10.9 seconds, with a top speed of 164 mph. That makes it the most powerful electric Genesis so far.

Power comes from an 84 kWh battery, good for an estimated 215 miles of range per charge on Korean test cycles. Genesis put a lot of effort into thermal management, beefing up motor cooling and battery conditioning so the Magma can keep performing even when pushed hard, again and again. And yes, simulated gear shifts and sounds are part of the package, just like the Ioniq 5 N.

Apart from the model-exclusive Magma Orange paint, the GV60 Magma gets other visual enhancements over the standard GV60. The body is about 2 inches wider and sits just under an inch lower, and it rides on 21-inch wheels with wide summer tires. Aerodynamic tweaks like real air breathers, a wing-style rear spoiler, and Magma-specific details give it presence, but nothing feels over-the-top.

Inside, the GV60 Magma goes all-in on sport-luxury, albeit Genesis failed to provide images in the release (images below are from the prototype). There’s suede-like material, quilted trim, contrast stitching, and unique Magma accents throughout. The power-adjustable bucket seats come with ventilation, memory, and extra bolstering. Genesis also added more sound insulation and active noise cancellation to keep things quiet, even when you’re moving fast.

Perks for Early Buyers

Genesis isn’t just putting the GV60 Magma in showrooms. Starting mid-January, you’ll find it on display for about two months at Genesis Studio Hanam, along with Magma-only scents, sounds, performance parts, and lifestyle gear. The same setup will pop up at Genesis Studios Suji and Cheongju, then move on to Gangnam and Anseong.

Buyers also get a shot at motorsport access. If you buy a GV60 Magma between January 13 and April 30, you can enter a lottery. Two teams will be picked to attend the 24 Hours of Le Mans in France, with race tickets, airfare, hotel, and meals all covered.

In South Korea, the GV60 Magma starts at 96.57 million won, or about $72,000 at today’s rates. Of note, pricing could look very different if (or when) it comes to the US. That said, global availability wasn’t mentioned in the release, but given that this is a performance flagship for Genesis, it will likely arrive in major markets to boost the brand.

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