Genesis GV60 News

Genesis Australia has officially unveiled the updated version of its GV60 small electric SUV.It will start from $88,300, before on-road costs, which represents a substantial price drop compared to outgoing variants, wearing price tags of more than $100,000.The key reason for the reduction is the fact the GV60’s base model is rear-wheel drive, as opposed to all-wheel drive.It will closely rival the BMW iX1 and iX2, with those models also receiving substantial price drops, now coming in slightly cheaper than the GV60, and both have AWD.Price drops are a continuing trend in this segment with the Volvo EX40 now available from under $50K.It will also provide competition to the Zeekr X.There have been some significant upgrades to the new GV60, including an improved 84kWh battery, now offering a driving range of 561km (WLTP).DC fast charging for the car from 10 to 80 per cent now takes 18 minutes, courtesy of an 800-volt platform.There is also a new front bumper to reduce the drag co-efficient to a slippery 0.28 on the GV60, according to Genesis.The car’s single electric motor produces 168kW, which is somewhat of a downturn on the 234kW available on the outgoing base variant of the car.On the inside, the GV60 has a combined 27-inch digital driver display and central touchscreen as well as wireless phone charging capabilities.In addition to this new model of the GV60, there will be a performance-focused Magma version.Some details are confirmed for the Magma variant including outputs of 448kW/700Nm and an all-wheel drive driveline.This is substantially more than the outgoing Lux Performance variant's 360kW/700Nm.We also know it will have an electric limited-slip differential, drift mode and a virtual gearshift system, likely similar to the Hyundai Ioniq 5 N's.More information on the Magma GV60 is expected to be revealed closer to the line-up’s official launch in June.2026 Genesis GV60 pricing Australia  

Genesis, Hyundai’s luxury arm, has revealed a range of off-road concept vehicles, including the bespoke X Skorpio off-road coupe.The brand showed off its range of concepts in the UAE as part of what it called a “glimpse into Genesis’ next decade”, with each car leaning into off-road prowess. The models shown include the GV70 Outdoors concept, featuring a pumped ride height, off-road wheels and tyres, with a roof platform and rally lights, and the GV60 Outdoors concept, which adorns the EV with a set of tracks rather than wheels and similar upgrades to the GV70.The X Skorpio is billed as the brand’s first “extreme off-road vehicle”, which is “purpose built to conquer harsh terrain with cutting-edge performance and luxurious design”.The model is named as such drawing inspiration from the black scorpion, which it says is “known for its resilience and ability to thrive in harsh environments”.It sports a tubular frame, roll cage and other “components sourced directly from off-road endurance racing specialists”, and while it is designed with the performance of Dakar-style trophy trucks in mind, it also features a focus on interior comfort and ergonomics.It also builds on the brand’s previous Magma GT concept, featuring a V8 engine. In the case of the X Skorpio, Genesis says it produces 820kW/1152Nm, although deeper details on this yet-to-be-made-for-production engine are yet to be revealed.It also features 19-inch wheels with 40-inch tyres and motorsport-grade Brembo brakes. The body is built from fiberglass, carbon fibre and kevlar.The latest range of concepts build on a clear shift toward the lucrative 4x4 market by Genesis, which is no doubt eying the success of the Toyota LandCruiser range, as well as its Lexus GX and LX spin-offs.Many Chinese brands are also making inroads into the performance 4x4 space, with GWM finding success in markets like Australia and the Middle East.The new concepts build on other recent examples of Genesis’ future model previews, like the X Gran Equator concept which previews a Lexus-GX rivalling large off-road SUV.In an investor briefing in late 2025, the brand confirmed it was plotting a production version of not only the X Gran Equator, but also a ute under the Hyundai brand.The production car based on the X Gran Equator was said to feature a new range-extender hybrid powertrain, which will be placed in other Genesis models to headline the brand’s emissions-friendly European presence.The focus of the brand’s incoming range of cars it wants by 2030 was very much focused on the European and US markets, which could see the Australian market wait longer than usual to see these new models from Hyundai’s luxury arm.Genesis is also plotting an expansion on its Magma sub-brand for performance versions of its existing range.In other Genesis news, the brand recently released an array of images from a design concept it worked on for a Ford F150-sized pick-up truck. The project was ultimately shelved, with Chief Design Officer for the brand Luc Donckerwolke explaining to CarsGuide that it simply wasn’t the right time for the luxury arm to be launching such a product.This doesn’t rule it out for the future. Meanwhile, the luxury brand’s Hyundai parent has been increasing its commentary around its highly anticipated first ute model, most recently hinting it may share the frame from its Kia Tasman sister product, but will instead debut with “new technology” rather than the Tasman’s 2.2-litre diesel.

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Genesis is gearing up for a high-performance assault on some of the best in the business.Global head of Genesis, Mike Song, said its Magma high performance models provide a huge opportunity for the brand.He said the brand’s logo means athletic elegance, but so far it has only showcased the elegance through its range of vehicles — Magma variants will bring balance to its line-up.“In terms of athletics this is a huge room for opportunity for Genesis,” said Song. “So high performance we can showcase our engineering competency and our future visions to achieve both athletic elegance. We always try to have balance, but sometimes one day more athletic, one day more elegance.”“ Magma recognised as the iron fist in the velvet glove.“We just want Magma to be talked and then recognised by our customer. So providing kinds of unexpected Magma characteristics to the driver or owner,” he said.Song confirmed the GV60 Magma — the first model to wear the new badge — will arrive in Korea at the end of this year before debuting in Australia at the start of 2026.Song said Magma is not a sub brand but a model line, a top-tier variant that will sit atop the range of every model.Australia will have access to all future Magma models except for the G90.“When we develop any new model, Magma will be part of our development,” said Song.Song said Magma models wouldn’t just be tuned versions of the regular cars but will have different looks to the regular models.“Magma should have a little bit different shape, not just the regular design and then certain tuning to enhance the horsepower. It’s not magma. Magma should have its own characteristics,” he said.Genesis hasn’t detailed any technical details of the GV60 Magma yet, but you can look to the Hyundai Ioniq 5 N for cluesChances are the GV60 Magma will improve on the Ioniq N’s 478kW and 740Nm and bring over the same synthesised gear shifts and engine sounds as its stablemate's performance hero car.The Magma brand won’t just use all electric power, either. Song confirmed that hybrid propulsion will play a big part in Magma’s future.“The Magma will be EV and then hybrid,” said Song.This could see it follow the Mercedes-AMG C63 and BMW M5 down the path of plug-in hybrid grunt to deliver heady performance figures above 500kW and 1000Nm.

Hyundai’s luxury sub-brand Genesis has updated its dedicated electric SUV model, the GV60, for 2025.

The first Magma product from Genesis will enter production in the third quarter of next year. 

Genesis has slashed thousands off the price of its GV60 electric SUV, making it easier for Aussies to get into the premium EV.

Genesis has announced the launch of its new performance sub-brand - Magma.

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