Genesis GV60 Magma Concept launches new name in EV performance


The Genesis GV60 Magma Concept will spawn a hot production car – and we’ll get it in Australia

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Genesis has announced its performance arm will be called ‘Magma’ and has given us a preview of its first all-electric sports car with the GV60 Magma Concept.

According to the Korean firm, the Magma Program “reinterprets performance and luxury with the aim to showcase automotive innovation and technology”.

aria-label="Genesis Magma range"The GV60 Concept isn’t the only Genesis to have been created from the Magma Program.

Genesis also identified the GV80 Coupe Concept, G80 Magma Special and X Gran Berlinetta Concept as cars that have “marked the brand’s expansion into the realm of high-performance cars”.

Speaking with Auto Daily’s exclusive partner Auto Express, Genesis’ Chief Creative Officer Luc Donckerwolke hinted that the GV60 Magma Concept is a concept in name only.

“We call it concept because we are not showing it yet. We are not telling you about [performance] numbers yet. But this is decided as part of the program of the Genesis GV60 and it’s coming very soon,” Donckerwolke said.

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The Genesis GV60 Magma sits on the same E-GMP architecture as the Kia EV6 and Ioniq 5 – plus the hot new N version of the Hyundai.

We expect to see a little more power from the Genesis compared to the 478kW Hyundai, given that Donckerwolke said: “The hierarchy of performance goes from top down, this being the premium”, referring to the positioning of the GV60 Magma.

Battery and electric motor setup shouldn’t differ too much from the Hyundai Ioniq 5 N, however, with an 84kWh battery and electric motor on each axle. There’s scope for the Genesis to mimic a five-cylinder engine note, too.

aria-label="Genesis GV60 Magma Concept 2024"On the outside, you’ll spot plenty of changes to the bodywork over the basic GV60.

There’s a wider track (40mm beyond than the standard GV60), lowered suspension and a new bumper to the front focusing on air intake and cooling functions for the batteries, electric motors and brakes. Outlets within the wheel arches help improve airflow and improve cooling for the brakes.

The Magma features 21-inch wheels (the same size as those on the Ioniq 5 N) in an aero-disc shape, further assisting brake cooling. A pair of fins have also emerged on the roof, channeling air onto a new spoiler, while a diffuser now dominates the lower end at the rear.

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The GV60 interior has received a few tweaks, too.

There’s diamond-shaped quilting in most places – including on the floor – along with orange-coloured bucket seats and a lot of orange stitching throughout. The steering wheel also gets a top centre marker in orange.

When will the GV60 Magma go on sale?

We expect to see the production version of the GV60 Magma Concept launch overseas later this year.

Will the GV60 Magma come to Australia?

You bet.

We know the GV60 Magma will arrive next year as the first production model from Genesis’s Magma Program, and this concept car shown off at Genesis House in New York is very close to production-ready.

In Australia, the GV60 Magma will rival not only its Hyundai Ioniq 5 N sibling, but also the likes of the Porsche Taycan and Tesla Model Y Performance.

Pricing will most likely extend beyond the Hyundai’s $111,000 price tag.

MORE: Genesis GV60 Magma official announcement

One more thing…

The Magma concept was revealed alongside a new large luxury SUV from Genesis called the Neolun Concept, which will also come to Australia – likely with the GV90 badge.

Genesis GV90 electric SUV: Neolun concept previews new flagship

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