Genesis delivers a one-two punch to the German establishment this week. After surprising us with a supercar, Hyundai’s luxury brand is now diving into the high-performance electric SUV niche. Part of the newly formed Magma sub-brand for everything that goes fast, the GV60 Magma is a dual-motor electric vehicle.
This very orange electric crossover delivers a total system output of 601 horsepower and 740 Newton meters (546 pound-feet) of torque. If you want even more, a boost mode boosts those numbers to 641 hp and 790 Nm (583 lb-ft) for about 15 seconds. If these numbers sound familiar, there’s a completely logical reason: essentially, the Genesis GV60 Magma is a Hyundai Ioniq 5 N in smocks.
According to Genesis, the hot electric crossover takes just 10.9 seconds to reach a speed of 124 mph (200 km/h) from a standstill before hitting its top speed of 164 mph (264 km/h). Although the 0-100km/h time is not known, it should match the 3.4 seconds needed by its Hyundai sibling. And similar to the Ioniq 5 N, artificial gear changes and a drift mode are part of the package.


The GV60 Magma isn’t just a one-trick pony, as it offers numerous improvements over the standard car. Genesis equips it with upgraded brakes, exclusive 21-inch forged wheels with wider tires and a surprisingly large active rear spoiler. Engineers also updated the electronically controlled suspension to improve handling and lower the ride height.
The racy theme continues in the interior with body-hugging front seats and magma-colored stitching throughout. To spice things up, Genesis makes liberal use of microsuede finishes, complemented by dark metal accents and glossy black trim. The Magma version is said to be just as quiet and comfortable as the standard model thanks to double door seals, improved sound insulation and active noise reduction technology.
While pricing isn’t available, it will certainly command a premium over the $74,020 GV60 Performance. Somewhere in the low $80,000 range seems to be an educated guess. The hot Magma version will be released in the US next year as 2027MY.
It won’t be able to compete with an existing BMW, as the electric X3 M is still a few years away. Munich’s future performance e-SUV will be significantly larger anyway. If the already discovered next-gen iX1 actually gets a full M version, we could see it competing with the GV60 Magma.