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Tim Gibson

News Journalist

2 min read

A new performance all-electric SUV hero is approaching. 

Hyundai’s luxury arm Genesis has unveiled a high-performance example of its GV60

The Magma offers big changes to design and performance, as it aims to hunt down the European performance giants. 

Read More About Genesis GV60

It will be the brand’s first ever high-performance production car.

The Magma upgrade appears to have been blueprinted with Hyundai’s all-electric Ioniq 5 N variant, which saw a similar performance beef-up, and shares the same E-GMP platform. 

It has dual electric motors mounted at the front and rear of the car, producing 478kW and 790Nm, with a 0-200km/h time of 10.9 seconds, reaching a top speed of 264km/h.

This is a significant boost from the standard car that produces 234kW and 605Nm, and the performance variant that makes 360kW and 700Nm. 

2026 Genesis GV60 Magma
2026 Genesis GV60 Magma

The track-focussed Ioniq 5 N launched in Australia in early 2024, packing 448kW and 740Nm.

The Magma edition GV60 is more than just a power upgrade and has undergone a substantial re-work, which includes track-ready brakes, electronically controlled and buffed suspension to aid stability and minimise vibrations. 

There is an electronic limited-slip differential to boost traction for the car with its 21-inch wheels

2026 Genesis GV60 Magma
2026 Genesis GV60 Magma

The car has specialist performance features, such as a virtual gear shift system, drift mode and high performance battery control. 

When in ‘Magma’ mode, the digital instrument cluster becomes a three-circle layout displaying key high-performance information, such as G-force and temperatures. 

The standard GV60 starts from more than $100,000 (before on-road costs), and the Magma is expected to come at a serious premium.

2026 Genesis GV60 Magma
2026 Genesis GV60 Magma

The Magma upgrade brings the GV60 into direct competition with the performance branches of Europe’s elite brands, like BMW’s ‘M’ series, and Mercedes-AMG

The GV60 Magma will debut in Australia some time in 2026.

Photo of Tim Gibson
Tim Gibson

News Journalist

One of Tim’s earliest memories of cars is sitting in an Aston Martin at a car lottery in Heathrow Airport as a child preparing to come back to Australia after a holiday. He dreamed of being a journalist from early high school and worked as a football match reporter for his local association in the Illawarra before moving on to bylines at Football New South Wales and Football Australia. After working on radio at ABC Illawarra during university, Tim joined CarsGuide as a News Journalist to tackle the latest motoring news.
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