Hyundai Mobility Thailand Announces Over 1 Billion Baht Investment to Strengthen Thailand’s EV Industry and Unveils the High-Performance IONIQ 5N
Hyundai Mobility Thailand (HMT) has announced a strategic investment of over 1 billion baht to enhance its presence and contribute to the growth of Thailand’s electric vehicle (EV) ecosystem. Approved by the Board of Investment (BOI) for Hyundai Mobility Manufacturing (Thailand) Co., Ltd., this initiative focuses on boosting local EV production and infrastructure development. In addition, HMT is introducing the IONIQ 5N, a high-performance EV that sets new standards in power, speed, and cutting-edge technology.
Mr. Jae Gyou Chung, Chief Executive Officer of Hyundai Mobility Thailand, stated, “Hyundai Mobility Thailand is dedicated to shaping the future of sustainable mobility through strategic investment and innovation. Our goal is to create a robust EV ecosystem that not only supports the local economy but also contributes to global efforts against climate change. By investing in local manufacturing and infrastructure, we are positioning Thailand as a key player in Southeast Asia’s electric vehicle industry, advancing progress, enhancing customer experiences, and leading the shift to a greener, more sustainable future.”
Sustainability and the EV3.5 Project
Hyundai has long been a leader in delivering smart, sustainable mobility solutions through its all-electric IONIQ brand. Designed with eco-friendly materials, the IONIQ lineup supports connected, environmentally conscious lifestyles. Hyundai’s commitment is further emphasized by the EV3.5 Project, which involves the establishment of Hyundai Mobility Manufacturing Company through a 1 billion THB investment in collaboration with a local production assembly plant. Located on a 28,500 square meter site, with 17,500 square meters dedicated to building space, the facility – HMMT – will house both vehicle and battery assembly operations. Scheduled to begin production in 2026, the project aims to produce 5,000 EV units annually, catering to local customers in Thailand.
This new facility will be crucial in the production of Hyundai’s latest EV models, including the IONIQ series. The plant will focus on localizing key components, forging partnerships with Thai suppliers, boosting local employment, and supporting the domestic EV supply chain. Hyundai’s long-term commitment to Thailand’s EV industry is evident in this investment, as it lays the foundation with the necessary infrastructure for a strong EV ecosystem.
Hyundai’s IONIQ Lineup: Where Innovation Meets Sustainability
The IONIQ lineup represents the future of mobility, seamlessly blending advanced technology, sustainability, and premium performance. Leading the range is the IONIQ 5, an award-winning electric SUV that merges heritage with innovation. It offers a driving range of up to 481 kilometers and features ultra-fast charging capabilities (10% to 80% in just 18 minutes). The IONIQ 5’s interior is a multifunctional living space, equipped with advanced features such as self-parking and Hyundai SmartSense.
Complementing the lineup is the IONIQ 6, a sleek and stylish sedan with a streamlined silhouette and a spacious interior. It boasts a driving range of up to 545 kilometers and accelerates from 0 to 100 km/h in 7.4 seconds. The 400V & 800V multi-charging system, available in high-performance EV models, delivers top-tier performance and stability, courtesy of the low center of gravity achieved through rear-wheel drive.
IONIQ 5: Priced from THB 1,699,000 to THB 1,829,000
IONIQ 6: Priced from THB 1,899,000
Unveiling the IONIQ 5N: High-Performance, Redefined
The newly launched IONIQ 5N is Hyundai’s most powerful EV to date, pushing the boundaries of what electric vehicles can achieve. With 601 horsepower, the IONIQ 5N delivers a thrilling driving experience, further amplified by its N Grin Boost mode, which increases power to 641 horsepower and propels the car from 0 to 100 km/h in just 3.4 seconds. Priced at THB 3,790,000, the IONIQ 5N combines electrifying performance with Hyundai’s pioneering EV technology, making it the top choice for those who demand power, excitement, and innovation. The future of high-performance driving has arrived – and it’s electric.
Customers can now place orders at the IONIQ Lab (TDPK), H-Space Vibhavadee, and H-Studio at The Emsphere.
E-Pit Ultra-Fast Charging Station Now in Operation
Hyundai Mobility Thailand proudly introduces the E-Pit at IONIQ Lab – an ultra-fast EV charging station now operational. This innovation offers a maximum voltage of 800V / 350 kW, allowing the IONIQ 5 to charge an additional 100 kilometers in just 5 minutes. Exclusively available to owners of the IONIQ 5, IONIQ 6, and IONIQ 5N, the E-Pit offers free charging until the end of the year. Customers can visit the IONIQ Lab for more details. Plans to launch another E-Pit at H-Space are underway.
Mr. Wallop Chalermvongsavej, Managing Director of Hyundai Mobility Thailand, added, “The IONIQ line demonstrates Hyundai’s commitment to offering cutting-edge electric vehicles tailored to the diverse needs of Thai consumers. The IONIQ 5N is a landmark in our journey, combining high performance, advanced technology, and sustainability. Our mission is to lead Thailand’s EV market with innovative solutions that inspire confidence and accelerate the transition to a greener future.”
“To further enhance customer confidence, we provide IONIQ Premium Care, which includes an 8-year or 160,000 km warranty on the high-voltage battery and a 5-year or 150,000 km vehicle warranty. Hyundai ensures peace of mind with an exclusive after-sales package which includes free labor for periodic maintenance for up to 10 years or 150,000 km, a complimentary home charger with installation, a 6-meter AC portable charger with a 3-year warranty, and free V2L service for 3 years. Additionally, Hyundai offers a convenient pick-up and delivery service, visiting your doorstep twice a year. We also offer free toll services for 5 years to any Hyundai service center or the nearest charging station, with no distance limits,” Mr. Wallop concluded.
In addition to launching new models, Hyundai is committed to expanding Thailand’s EV infrastructure, making electric vehicle ownership more accessible and convenient. Hyundai’s vision is to create a seamless experience for EV drivers, supported by an extensive network of charging stations and comprehensive after-sales support. Beyond technological innovation, Hyundai will continue to invest in sustainability initiatives, collaborating with schools and communities to promote green projects and contribute to a more sustainable future. These efforts are positioning Thailand as a regional hub for EVs, with Hyundai’s IONIQ brand leading the charge toward a cleaner, smarter, and more sustainable tomorrow.
To explore Hyundai’s groundbreaking IONIQ 5 and IONIQ 6 models, customers are invited to visit the IONIQ Lab, H-Studio Vibhavadee, H-Studio at The Emsphere, or any of the IONIQ agency locations in Nonthaburi (Hyundai Tiwanon), Samutprakarn (Hyundai Bangpu), Phathumthani (Hyundai Klonglaung), and Rayong (Hyundai Rayong). New locations are opening soon in Lopburi (October 2024), Wongsawang, and Ubonratchathani (November 2024).
