MG Im5 vs Hyundai Ioniq 6

What's the difference?

The MG IM5 Performance is fast, comfortable, quiet and super refined. Putting some minor spec and active safety niggles to one side, it offers the features, tech and price to match it with its well-credentialled and already popular mid-size EV sedan competitors. Is there room for one more? We think there should be.

In the Ioniq 6 N Hyundai has built an incredibly quick and high-capable performance car. But that doesn’t mean it’s flawless and an obvious recommendation over its rivals.

Its looks remain divisive, and while obviously each individual will need to judge the design of the Ioniq 6 N themselves, objectively speaking there is a lot to like about this latest addition to Hyundai’s N stable. 

Yes, it’s very fast, but with all the N modes switched off it’s also a very quiet and relaxed sedan with a premium look and feel. So it will play the dual role of track terror and everyday family transport well. 

But it needs to be for the price, which is really testing the limits of Hyundai’s brand appeal. It obviously won’t be a best seller, but with the less-polarising Ioniq 5 N only selling approximately 300 cars since its launch, this could be a very niche proposition, reserved only for those who crave its special kind of electric performance.

Note: CarsGuide attended this event as a guest of the manufacturer, with accommodation and meals provided.

Playing spot the straight line on the outside of the MG IM5 is like an automotive design version of Where’s Wally? There aren’t many, in the midst of an unrelentingly curvaceous exterior treatment.

At close to five metres long and two metres wide the IM5 is appreciably longer (+211mm), a little wider (+27mm) and a bit taller (+33mm) than a Tesla Model 3. Think BMW 5 Series in terms of overall size.

And the soft-form shape is functional; the swoopy liftback boasting an ultra-slick 0.24 drag coefficient.

That said, I’m not convinced by the ‘Periscopic’ cameras informing the driver assistance systems from the front guards. They scream tacked-on afterthought. But a touch-only initial opening function for the flush door handles is cool and makes life easier.

The curves continue inside with soft-padded surfaces around the dash and doors, but the straight edge obviously came out for the 10.5-inch central media screen and vast 26.3-inch upper display. There are next to no buttons; even exterior mirror adjustment is directed from the screen to a multi-function steering wheel control.

System software (powered by a Qualcomm ‘Snapdragon’ chip) is lightning fast with a two-finger up and down swipe shortcut function on the central screen for ventilation and other functions.

The interior is light and bright thanks to the enormous panoramic sunroof. It’s been fine in cooler winter conditions during this test but it could be interesting to revisit in the heat of an Aussie summer

There are two interior colour schemes available - the ‘Highland Grey’ of our test car or ‘Dover Beige’ for those brave enough to live life with the threat of scuff marks on your shiny new car’s glamorous but vulnerably light interior.

The original Prophecy concept, which previewed the Ioniq 6, was a thing of beauty, a case study in elegance and simplicity. The final production version of the Ioniq 6 is a case study in awkwardness, with a design that polarised opinions.

For the Ioniq 6 N Hyundai has been given a second chance to try and make it look more appealing and less divisive. To that end they’ve added this gloss black bumper with an integrated splitter, highlighted by the N-specific fluro orange strip, as well as unique fenders and 20-inch forged alloy wheels.

The facelift also introduces much more appealing slimline headlights that help reduce the awkwardness.

At the rear, there’s a new rear bumper design, with more black to try and hide some of its most awkward lines, plus an unmissable rear wing to further attract your attention. And while it undoubtedly provides a sportier, more dynamic look, it actually provides up to 100kg of downforce.

Inside, Hyundai has made a number of key enhancements to ensure the Ioniq 6 N looks suitably sporty. There’s a sports steering wheel, complete with a pair of N buttons to immediately activate the more dynamic driving modes, plus sports seats and even a soft knee pad built into the side of the centre console, so you can brace yourself when you're lapping the track at speed.

There’s a 12.3-inch multimedia touchscreen in the centre, which houses all of the various car settings, including the very detailed N performance driving modes. This is where you can either program the N buttons or dial up the individual settings.

There’s also track-themed graphics that appear on the head-up display, if you really want to do your best Oscar Piastri impression.

There’s plenty of breathing room up front and in terms of storage one of the first things worth calling out are the long but relatively narrow door bins. No good for anything above unusually slender bottles, even if they’re lying down.

No conventional glove box in the dash, but there is a large lidded box (cooled and heated) between the seats that doubles as a centre armrest. It’s supplemented by a big stowage area underneath the flying buttress style centre console.  

There are two cupholders in the centre console as well as a wireless device charging pad in front of them with a vaguely phone-shaped oddments bin alongside it.  

Move to the rear and the IM5’s 75mm wheelbase advantage over the Tesla Model 3 is clear. Heaps of knee and headroom for me at 183cm sitting behind the driver’s seat set to my position. 

But… the seat sits low which pushes your knees up into the air to the point where my thighs are not contacting the seat cushion. Even though the rear seat reclines to a certain degree it’s a problem compounded by a chronic lack of room for your toes under the front seat. Awkward.

There are map pockets in the front seatbacks, modest bins in the doors and a fold-down centre armrest with two cupholders. Adjustable ventilation in the rear of the front centre console always makes life in the rear seat more pleasant.

The car also houses ‘Strong Magnets’ at various points around the cabin and boot, with a configurable adapter able to lock a phone or tablet into place for the entertainment of, in our case, back seaters. 

Speaking of devices for entertainment, there are two USB-C sockets and a 12-volt outlet in the front and another USB-C and 12V in the back, so charging isn’t an issue. 

The IM5 is a liftback so the boot aperture is generous and a capacity of 457 litres with the rear seats up is decent for a car of this size, although that’s less than the Tesla Model 3 (594L) which has an additional well under the floor. 

Still, enough room for the largest (124L) and smallest (36L) suitcases from the CarsGuide three-piece luggage set with some room to spare.

The power tailgate can be operated hands-free via the key or an always welcome under bumper kick function.

Volume expands to 1290 litres with the rear seats folded and there’s a modest 18-litre ‘frunk’ under the bonnet.

The bad news is a repair-inflator kit rather than a physical spare wheel, but the better news is the IM5 Performance can tow a 1500kg braked trailer (750kg unbraked).

The IM range also features the ‘MG iSmart’ app allowing remote control of various functions including charging, checking vehicle location and route planning. 

The cabin is very practical too, despite its sportiness. There’s good storage spaces, including a pair of cupholders and a tray built into the centre console.

There’s also USB-C charging ports in the front and back of the cabin to keep small electric devices charged, as well as a smartphone wireless charging pad.

By relocating the controls usually found on the door (windows, mirrors, unlock/lock buttons), the door pockets have been sculpted out to create more width and space for the front seat occupants.

It’s comfortable and roomy too, especially in the back, where Hyundai has taken advantage of the Ioniq 6’s bespoke electric underpinnings to have a flat floor with good knee and legroom.

The boot measures 371 litres, which is on the smaller size for a mid-size sedan, and well short of the class leaders, like the 524L Toyota Camry.

While it pushes the boundaries in terms of performance, it also stretches the appeal of Hyundai as a brand. Priced from $115,000 plus on-road costs,  it’s the same price as the Ioniq 5 N but that still makes it one of the most expensive Hyundai’s ever sold. Only the $119,750 Ioniq 9 is pricier.

For the asking price, beyond the performance elements, standard equipment includes LED headlights and tail-lights, 20-inch alloy wheels, dual-zone climate control, an eight-speaker Bose premium sound system, a 12.3-inch multimedia touchscreen, wireless Apple CarPlay and Android Auto and Hyundai’s Digital Key2.

There is only a single specification and the only option is the choice to delete the sunroof, free-of-charge (although, given carmakers typically charge extra for a sunroof, it seems a little sneaky to not get any discount for removing it).

However, if you want to make your Ioniq 6 N more special, there is also a carbon package available through the accessories department. It adds an even larger rear wing and unique front splitter and side sills (all in carbon fibre, of course) for an additional $27,000, pushing the price past $142,000 before on-road costs.

While it may be expensive for a Hyundai, in terms of how many dollars for how much performance, it’s arguably one of the better value performance cars on the market. Would be rivals include the $187,900 Mercedes-AMG C63, $156,990 Alfa Romeo Giulia Quadrifoglio and $169,100 BMW M3, although the latter will get a full electric vwersion in its next generation.

The MG IM5 Performance is powered by an electric motor on each axle - the rear (372kW/500Nm) more powerful than the front (200kW/300Nm), for overall outputs of 572kW (that’s close to 770hp) and 802Nm of pulling power.

The official term for that amount of grunt is… a lot. And we’ll get to what it means on the road in the Driving section shortly.

As mentioned earlier, while it may be expensive for a Hyundai, if you want a car capable of making 478kW and 770Nm you’ll typically need to spend a lot more than $115,000. This makes the dual-motor electric powertrain the star of the show in many respects.

Those figures are the maximum performance available when you use 'N Grin Boost', a 10-second burst of ultimate power. The ‘normal’ performance is a still an incredibly impressive 448kW and 740Nm.

These come from a 166kW front motor and 282kW rear motor, to give you all-wheel-drive capabilities.

That’s enough for the Ioniq 6 N to do the 0-100km/h sprint in just 3.2 seconds with N Grin Boost activated (0.2 seconds faster than the Ioniq 5 N). Top speed is limited to 257km/h, which is obviously too much for the road, but Hyundai is pitching this as a track car and in that sense it will struggle to keep up with some supercars at the end of long straights, but that’s probably a minor quibble in the grand scheme of things.

Like most electric cars, the Ioniq 6 N has a single-speed transmission. But like the Ioniq 5 N, Hyundai has developed an artificial ‘manual’ gearbox, which it calls N e-shift. By torque limiting the engine to create a false ‘rev limit’ there are eight virtual gears for you to use via the paddles on the steering wheel.

But this is only part of the story, Hyundai has included a number of N-specific driving settings for the powertrain beyond N Grin Boost and N e-shift. N Torque Distribution has 11 different settings that allows you to adjust the torque split between the front and rear axles up to 95 per cent in one way or the other.

Then there’s N Drift Optimiser, which helps you do big skids, on the safety of a track, of course. Plus N Launch Control to shock your mates with V8s at the drag strip and N Track Manager to keep track of your lap times.

It all sounds very complicated but Hyundai has done a nice job of integrating the systems into the car and making the menu easy to navigate. And because these systems are largely digital, rather than mechanical, it actually helps make the car easier to drive in some regards.

The MG IM5 Performance features an 800-volt electrical architecture which means the 100kWh NCM battery can accept a DC peak charge of close to 400kW.

Only snag is the highest you’ll currently find in Australia is 350kW. But even at that rate you’ll still be looking at a 30-80 per cent charge in just over 15 minutes. Maximum AC charge rate is 11kW.

Claimed range is 575km (WLTP) which is less than the Tesla Model 3 Dual Motor AWD at 629km.

Over a week of city, suburban and some freeway running we saw average energy use of 20.6kWh/100km which is on the high side for an EV of this size but maybe not for one with this kind of performance potential. 

To power this track-focused EV, Hyundai has had to upgrade the 84kWh battery with specialised heating and cooling systems.

Range is rated to 487km, which is good without being great. And, unsurprisingly, if you access all the power available you will end up using the battery quicker, much like you’ll use more fuel if you drive an internal combustion engine hard.

For track use, Hyundai suggests a ‘20-20-20’ cycle of 20 minutes of track driving, 20 minutes of cooling and then 20 minutes of charging to ensure you get maximum out of a track day. Although we were able to do closer to 30 minutes of track driving from a single charge.

To make this possible, there is a special N Battery mode, which is able to maximise track usage by managing the cooling and output depending on the scenario. There are Drag, Sprint and Endurance settings, with Drag making the battery warmer for sudden acceleration, Endurance trying to keep it cooler to extend on-track range and Sprint automatically applying N Grin Shift when needed.

It’s an incredibly complex system but it speaks to the challenges of making an EV capable of the rigours of high-speed driving consistently.

In terms of charging, the key detail to know is, with the maximum charger, you can go from 10 to 80 per cent charge in as little as 18 minutes, according to Hyundai’s claim, and is compatible with either 400V or 800V charging infrastructure.

First things first, the IM5 Performance is supercar fast. This 2.3-tonne five-seater blazes from 0-100km/h 3.2 seconds and with its dual motors combining to produce 572kW/802Nm, eye-widening performance always resides underneath your right foot.

But it’s not all about straight line speed. Ride comfort is excellent. Underpinned by an all-new platform, the IM5’s suspension is by double wishbones at the front and multi-links at the rear. But the key to its bump and rut smoothing ability is air suspension and ‘continuous control’ active damping.

Fold in double-glazing on the full-length glass roof and side windows, as well as active noise cancellation and you have a serene interior environment at any speed. Also worth noting the front seats are great; as grippy as they are comfortable.

Not only that, despite its relative heft, this mid-sizer steers well, too. Not the last word in road feel but it points accurately and the standard rear steering helps with prompt (but never jerky) cornering turn-in. Flick to ‘Sport’ mode and the IM5 is up for some enthusiastic running.

The rear wheels can turn up to 12 degrees in the opposite direction to the fronts at slow speed, which makes for a usefully tight 10-metre turning circle. But above that, at lesser angles, it adds extra stability and decisiveness in the way the car steers through even tight, twisty sections.

Rubber is top-shelf Pirelli P Zeros on 20-inch alloys (245/40 fr - 275/35 rr) and it grips hard, especially in the wet weather over much of the test period. Braking is solid, as it needs to be, with ventilated discs all around and four-piston callipers at the front. 

No adjustable regen braking but you can feel the ‘Cooperative Regenerative Brake System’ (CRBS) doing its thing when you lift off the accelerator. 

The physical rear view is modest thanks to the slope of the back window reducing its functional area for the driver to that of a 1950s VW Beetle. Even the interior rear-view mirror is tiny and folds up into a recess in the headliner if you’d prefer life without it.

But that’s where a rear camera view popping up on the upper screen display (accessed via the right-hand steering wheel click control) comes in handy. Side camera views are also available as is a 360-degree overhead view, which makes parking straightforward.

If you need more parking help there are various self-parking modes including a nifty ‘Curbside’ function that will realign the car hands-free if you’re parallel parked too far out from the kerb.

In a similar vein, a ‘Rainy Night’ mode projects left and right rear views onto the main screen using AI to enhance clarity and highlight pedestrians and cars.

Overall the ADAS (Advanced Driver Assistance Systems) are relatively unobtrusive but we found ourselves switching off the incessant overspeed chime that sounds for 10 seconds if you creep over the indicated speed limit, even when the system has misfired on the correct speed. For example, 40km/h school zones on a Sunday.

The over-zealous driver distraction warning also occasionally issued a visual and audible slap on the wrist when I was looking straight ahead. Tellingly, there’s a specific quick screen for turning both these functions off, but it kinda defeats the purpose of having them in the first place.

We also found the adaptive cruise control to be hesitant in multi-lane environments, reducing speed occasionally because the system seemingly believed a car was set to merge, when it wasn’t.

To put it bluntly, the Ioniq 6 N is sickeningly fast. Literally, it can make you feel car sick from the passenger seat if the driver unleashes the power a little too frequently, which isn’t hard because the Ioniq 6 N offers near-instant torque.

The dual motors mean this swooping sedan launches out of corners with a ferocity usually reserved for supercars - it is that quick under hard acceleration. But pure acceleration is only part of the story when it comes to a proper performance car.

As impressive as the Ioniq 5 N is, it was always going to be handicapped by its taller SUV body, meaning the handling was somewhat dulled by its size and shape. The lower, more aerodynamic Ioniq 6 N is therefore noticeably more dynamic and responsive to drive.

The suspension and steering tune isn’t specifically tuned for Australian conditions, instead it’s based on the globally developed setup designed for the Ioniq 5 N, which Hyundai Australia did have input into.

Despite not being tuned specifically for Australia it still rides with impressive compliance for such a performance-orientated electric car. Even on the choppier back roads we tested it on, it feels controlled and compliant while still being responsive, without feeling uncompromising or uncomfortable.

But to really experience the true performance potential of the Ioniq 6 N, you need to hit the racetrack. Thankfully, Hyundai Australia allowed us to test it to its limits at Sydney Motorsport Park.

Free from speed limits the immense power can be unleashed and to make the experience even better you can use the N e-shift and the N Active Sound+ - three separate artificial soundtracks that are designed to mimic engine noise.

There is one that can broadly be described as ‘futuristic’ and another that is meant to sound ‘electric’ but neither are good enough to bother with. Instead, if you stick to the one that sounds like Hyundai’s petrol engine you’ll enjoy it.

While it is clearly an artificial sound, and there will be haters who just don’t like it (and they can leave it switched off), Hyundai has done a brilliant job mimicking the sounds of a proper petrol performance car. So much so that when you lift off the accelerator, you actually hear a ‘snap, crackle, pop’ from the rear of the car, as if there is an actual exhaust making the sound.

What the noise does do is really help you with a sense of speed, as does the N e-shift, not only helping you drive faster but also just making the experience more fun.

For the serious track-day drivers the amount of adjustability in the Ioniq 6 N is brilliant. In particular the N Torque Distribution system, which allows you to shift the drive split front-to-rear on the move. Experimenting with this system, there is a clear difference between the handling not only as you switch between modes, but if you’re really, really serious, you can even adjust it during your on-track run. As the tyres get hotter, shifting more drive rearwards helps the car rotate better and punch out of the corners easier.

However, while Hyundai may have designed it as a track-capable, ‘Corner Rascal’, as they like to say, the reality is, most of the time you’ll be driving, you won’t be on a racetrack.

Even so, N Road Sense is a special setting that is able to recognise a double curve road sign and urges the driver to activate N mode and have more fun, so it’s always looking to encourage you to have a good time.

But what about when you’re not driving fast? How does the Ioniq 6 N stack up as a daily drive? Well, one of the elements of  performance EVs that I personally appreciate, is how quiet and relaxed they are when you don’t need to go fast. Unlike an internal combustion performance engine, which can feel like a caged animal at suburban speeds, an EV with 448kW is as smooth and quiet as an EV with 148kW.

It means it plays both its roles - weekday commuter transport and weekend fun machine - with equal ability.

The Ioniq 6 N gets a comprehensive list of driver assistance systems, under the umbrella of Hyundai SmartSense.

Among the safety gear included is forward collision assistance, blind spot collision avoidance and the brand’s mild-autonomous functionality, 'Highway Drive Assist 2', which can both maintain speed and lane centring under certain conditions.

The car is also equipped with Hyundai Bluelink, the brand’s connected car service, which includes an ‘SOS’ function that can call the emergency services if you’re in an accident where the airbags deploy.

While there is no questioning the amount of technology Hyundai has put in the car, like so many other models in the range, the systems need more fine tuning to make them class-leading. There are still too many ‘beeps and bongs’ from the Ioniq 6 N, to the point of becoming distracting. While the lane keeping assist can be too uneven at times, needing more work to get it better calibrated for smoother driving.

The entire Ioniq 6 range has a five-star ANCAP safety rating, based on a 2023 test, and given there are no major structural changes (beyond some body stiffening), there is no reason to think the N model would be any worse.

The MG IM5 Performance is covered by a seven-year/unlimited km warranty, which is a plus, but the catch is it’s conditional on authorised dealer servicing. Go elsewhere and the term drops to a more common five years/unlimited km. The drive battery is covered for eight years/160,000km, which is the norm in the Aussie market

Servicing is required every 12 months or 20,000km with charges averaging $586 per workshop visit for the first five years, which is on the high side for an EV, even at this price point, the average bumped up by a more than $1400 doozy at year four.

MG IM models are sold (with service available) through all of MG’s 100-plus dealerships across the country, so no concerns there.

Hyundai covers the Ioniq 6 N with its usual seven year/unlimited kilometre warranty, with any non-competitive racetrack usage also covered. So you can do a track day, including the official N Australia organised ones, with peace of mind.

This applies even if you upgrade your tyres and brake pads in search of faster lap times, as long as you don’t enter into a competition, Hyundai will look after most mechanical on-track problems.

Service intervals are every two years or 30,000km, whichever comes first. Hyundai offers a ‘lifetime’ servicing plan that covers the first four years, but with only two services required - one for $645 and the second for $667.

As one of the best-selling brands in the country, Hyundai has an expansive nationwide dealership network, including extensive rural coverage and service centres trained to deal with EVs.