- Genesis is shifting focus to all-electric models as part of their new strategy.
- It has reportedly decided against a hybrid G70 but is considering an EV.
The Genesis G70 is still one of the best sports sedans on the market, offering great all-round performance with levels of luxury and refinement not usually found at its price point, though, admittedly, its sales haven’t exactly reflected that. But as all good things must come to an end, it seems the G70’s days are numbered. According to a fresh report out of Korea, its replacement will be an electric vehicle.
Genesis has been building the G70 for seven and a half years and has been already axed in some markets, including Europe, where the brand is now selling off its remaining stock as it transitions to an all-electric lineup. With Genesis committed to offering only electrified models going forward, turning the G70 into an all-electric vehicle is a logical move.
Read: Genesis Confirms GV60 Magma Launch For Next Fall
A Korean YouTuber by the name of MotorsJason claims Genesis previously considered making a hybrid G70, but has since decided to go the battery-electric route. The next-generation G70 could also use Hyundai Motor Group’s eM architecture, designed as a successor to the current E-GMP.
Hyundai has been working on this new platform for a couple of years now, and it’s expected to be used by future models like the Kia EV8, the Hyundai Ioniq 3, and the Genesis GV90. It promises to support the automaker’s latest driver-assistance systems and the new Cell-to-Pack battery system which replaces traditional modules.
Limited details about the potential electric G70 are known, but It may follow in the footsteps of the GV60 and receive a high-performance Magma version, perhaps serving as a compelling alternative to the Tesla Model 3 Performance.
Carscoops has reached out to Genesis seeking additional information and we’ll update this story when we hear back.
If the electric G70 is green-lit for production, early reports suggest it could carry a starting price of around 70 million won in its home market, or just under $50,000.
