Genesis GV60 Magma 2027: Pricing revealed for Hyundai Ioniq 5 N’s posh cousin

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The Genesis GV60 Magma has been priced for Australia at precisely $130,000 before on-road costs, topping the luxury compact SUV’s range.

This model is the very first road car for Magma, Genesis’ newly established motorsport and high-performance sub-brand, and an analog to owner Hyundai’s highly-regarded N division.

As expected, there are plenty of similarities between the GV60 Magma and the Hyundai Ioniq 5 N ($109,000 before on-road costs). 

They share Hyundai’s 800-volt E-GMP underpinnings, motors on both axles, an 84kWh battery, and stupendous 448kW and 740Nm outputs

A ‘Boost Mode’ increases this to 470kW and 790Nm for 15 seconds; though this is 20Nm above its Hyundai donor car, the Magma’s 0-100km/h sprint time is, again, identical at 3.4sec.

The Ioniq 5 N’s groundbreaking ‘N e-shift’ virtual gear shift, a facsimile of an eight-speed transmission with simulated engine sounds, is present and correct, with revised regenerative braking including a one-pedal drive mode. 

Differences between the Ioniq 5 N and the GV60 Magma – aside from obvious visual ones — are to preserve the Genesis’ calmer demeanour in day-to-day driving. 

Active noise cancellation inside, double-glazed windows, and increased sound deadening in the doors and floorpan compensate for the increased road noise of the Magma’s low-profile tyres.

The GV60’s driving modes are considerably simpler than the Ioniq 5 N’s, whittled down to just GT (comfort and high-speed stability), Sprint (maximum responsiveness and handling sharpness) and My (mix’n’match).

Magma-specific changes to the GV60’s interior are a new steering wheel, ‘Chamude’ suede-like upholstery, orange highlights (optionally grey) and more form-fitting bucket seats. The latter appear to be very similar to the Ioniq 5 N.

The GV60 Magma comes fully equipped, with $4000 matte paint the only cost option. Even the staggering Magma Orange in these photos is on the house.

2027 Genesis GV60: prices in Australia

All prices listed are before on-road costs.

• Advanced RWD: $88,300
• Magma AWD: $130,000