Koreans built an electric crossover that pretends to be a Porsche GT3 — GV60 Magma plays the emotion card

Genesis reveals UK pricing for its first proper performance EV: 641 bhp, 0–100 km/h in 3.4 seconds and a synthetic V6 that revs to 9,000 rpm.

Author: Polina Kotikova

17:31 31-05-2026

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Genesis has announced UK pricing for the GV60 Magma — the first true performance car in the brand’s new line-up. In the UK, the electric crossover starts at £75,915 (around $96,000 at current exchange rates), with order books opening in July.

Technically the GV60 Magma is closely related to the Hyundai Ioniq 5 N, but it’s served up differently. There are two electric motors, all-wheel drive, an electronic differential, 601 bhp in normal mode and 641 bhp when boost is engaged. Peak torque stands at 790 Nm, the 0–100 km/h sprint takes 3.4 seconds, and top speed reaches 264 km/h. The 84 kWh battery charges from 10 to 80% in 18 minutes; the official range hasn’t been revealed yet, but the closely related Ioniq 5 N officially covers up to 447 km.

The oddest part is the sound. The GV60 Magma has virtual gears and a synthetic “high-revving engine” with a cut-off at 9,000 rpm. Genesis calls it a generic V6, but first impressions are that the noise sounds suspiciously like the flat-six in a Porsche 911 GT3. For an EV this isn’t a technical necessity but a way to give the driver back the sensation of acceleration, revs and shift points.

The chassis has been worked on too: the body has been reinforced with additional brackets, weld points and adhesive joints, the suspension has been retuned, and the ride height has dropped by 20 mm. Outside there are flared arches, 21-inch forged wheels, 275 mm wide tyres, new bumpers, a splitter, canards, a diffuser and a rear spoiler. The brakes are serious: 400 mm front discs.

Unlike the Ioniq 5 N, Genesis isn’t turning the GV60 Magma into a track tool. This is more of a fast electric GT with a softer character, an upmarket cabin, sports seats and Chamude trim. The catch is the price: the Hyundai Ioniq 5 N undercuts it by around £10,000 (about $12,600), while a 630-bhp Porsche Macan Turbo costs almost £25,000 (around $31,600) more.

Genesis has picked the narrow gap between the rational Hyundai and the prestigious Porsche. The GV60 Magma now has to prove that the sound, the tuning and the badge on the bonnet are worth the premium.