We’ve been talking about it for a long time now, but Hyundai has confirmed its first all-electric N model, the Ioniq 5 N, will arrive in 2023.

    The Korean automaker divulged this (completely unsurprising) information as part of its 2022 ‘N Day’, sneaking it into the announcement of its motorsports-inspired RN22e and N Vision 74 ‘rolling lab’ concepts.

    “These rolling lab projects are great assets to prepare the N’s electrification vision turning into reality, the Ioniq 5 N next year,” said Hyundai Motor Company vice president of N brand management Till Wartenberg.

    Hyundai says that more details about the upcoming Ioniq 5 N will be revealed at a later date.

    At this stage the automaker hasn’t shown off any official imagery of the Ioniq 5 N, but we have seen numerous camouflaged spied prototypes in the past.

    These previous prototypes have been covered in chequerboard camouflage and had unique wheels, arches and a lower ride height.

    It’s unconfirmed what will power the Ioniq 5 N, but it could employ the high-performance electric powertrain that’s used in the RN22e concept and the Kia EV6 GT.

    Both of these cars are powered by a dual-motor powertrain that produces 430kW of power and 740Nm of torque. Kia claims the EV6 GT can do the 0-100km/h sprint in just 3.5 seconds.

    It’s unclear if the Hyundai Ioniq 5 N will offer more pace than the EV6 GT, though there may be more of a focus on track performance.

    Hyundai executives have previously said N vehicles can employ any number of drivetrains, so long as they follow three principles: they must be a “corner rascal”, and “everyday sports car”, and have track capability.

    Documents viewed by CarExpert last year suggest production of the Hyundai Ioniq 5 N won’t begin until March 2024.

    The core Ioniq 5 range first arrived in Australia in September 2021, offering one high-specified trim level and two powertrains.

    A recent 2022 model year update brought a lower base price and different line-up.

    The entry-level Ioniq 5 Dynamiq starts at $69,900 before on-road costs, which is $2000 cheaper than the previous Ioniq 5 RWD.

    The flagship Ioniq 5 Techniq on the other hand is priced at $77,500 before on-road costs, which is $1600 more expensive than the previous Ioniq 5 AWD.

    The electric drivetrains for the regular Ioniq 5 range remain the same for now, with the Dynamiq only available with the 160kW/350Nm single-motor rear-wheel drive setup and the Techniq only available with the 225kW/605Nm dual-motor all-wheel drive setup.

    Both trim levels are fitted with a 72.6kWh lithium-ion polymer battery pack.

    The Ioniq 5 in other markets and the recently-detailed Ioniq 6 on the other hand are fitted with a 77.4kWh battery pack.

    Hyundai Australia hasn’t confirmed if we’ll see this larger battery in the Ioniq 5, but it’s expected to be brought here at some point.

    Seeing that Hyundai has now confirmed that it’s first all-electric N model will be launching in 2023, this leaves room for what’s next.

    It’s likely we’ll be seeing an Ioniq 6 N that’s based on the RN22e concept, as well as a hydrogen fuel cell (FCEV) Ioniq N car that could use the same powertrain from the retro-looking N Vision 74.

    For now we’ll have to wait and see what Hyundai has in store for the upcoming Ioniq 5 N and beyond.

    MORE: Hyundai RN22e and N Vision 74 concepts revealed

    Jack Quick

    Jack Quick is an automotive journalist based in Melbourne. Jack studied journalism and photography at Deakin University in Burwood, and previously represented the university in dance nationally. In his spare time, he loves to pump Charli XCX and play a bit of Grand Theft Auto. He’s also the proud owner of a blue, manual 2020 Suzuki Jimny.

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