In Pictures: Hyundai launches Ioniq V in China for under $15,000, but it's not coming to the US

China's streets are already dense with affordable urban EVs, the market Hyundai is targeting with the Ioniq V.

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The Ioniq V's sub-$15,000 price positions it against a growing field of budget electric vehicles in China.

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The Ioniq V uses CATL LFP batteries, delivering up to 331 miles of WLTP range at a budget price.

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Hyundai's China-first strategy for the Ioniq V reflects the market's role as a proving ground for affordable EVs.

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The Ioniq V launches in China as Hyundai plans a broader global rollout, though US buyers remain excluded.

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Intense competition in China's EV market has pushed Hyundai to slash the Ioniq V's price by 20,000 yuan.

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Chinese commuters stand to benefit most from the Ioniq V's aggressive pricing and long range.

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The Ioniq V's China-only launch highlights how affordable EVs are thriving far from American showrooms.

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Hyundai has yet to confirm whether the Ioniq V will reach US shores as part of its global rollout.

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