Hyundai Motor has opened pre-orders for the China-exclusive Ioniq V electric sedan at the Chengdu Motor Show, with prices ranging from CNY 119,900, or about 24.6 million won, to CNY 139,900, or about 28.7 million won. The model will officially launch in September and is designed to compete aggressively in China’s price-driven electric-vehicle market. Its price is more than 10 million won below comparable midsize models including the BYD Seal, Zeekr 007 and Xpeng P7+. Beijing Hyundai is offering a CNY 26,000 promotional package, including discounts and loyalty subsidies, while standard equipment includes a heat pump, five years of complimentary data and over-the-air updates. The car also carries lifetime coverage for core electrified components for first-time non-commercial buyers, plus a replacement guarantee after a battery-defect fire within eight years or 160,000 km. Built entirely in China under Hyundai Motor’s "In China, for China, to the world" strategy, the Ioniq V uses CATL lithium iron phosphate batteries, Momenta-developed Level 2+ advanced driver assistance and locally sourced production and development capabilities. It is the first of 20 models Beijing Hyundai plans to introduce by 2030 as Hyundai Motor Group seeks to rebuild combined Chinese domestic and export sales to 500,000 units annually. The model also illustrates the group’s broader battery-supply diversification across CATL and South Korea’s LG Energy Solution, SK On and Samsung SDI, while a possible South Korean launch remains under observation.