√2023 Genesis GV60 price revealed early for Australia

The first dedicated electric car from Genesis will cost over $20,000 more than its siblings from Hyundai and Kia, with the flagship model nudging past $110,000.

Australian prices for the 2023 Genesis GV60 electric car have been revealed early, ahead of an official announcement and first showroom arrivals in the coming weeks.

Details published in the third-party industry pricing guide suggests two all-wheel-drive GV60 variants will be offered in Australia: an entry-level ‘Lux’, priced from $103,700 plus on-road costs, and a flagship Performance, from $110,700.

While Genesis Australia is yet to confirm the prices, they’re understood to align with price estimates shared with customers in recent weeks. A formal announcement is likely in the coming weeks, when the first cars hit showrooms.

The prices mean in equivalent, circa-230kW all-wheel-drive trim, the GV60 will cost $20,000 to $27,000 more than its twins under the skin, the Hyundai Ioniq 5 and Kia EV6.

The GV60 Performance’s closest rival within the Hyundai-Kia group is the (albeit more powerful) Kia EV6 GT, which is expected to cost about $95,000 plus on-road costs when it reaches Australia late this year, or early next.

The high prices are despite the Genesis being smaller than both cars, at about 4.5 metres long – as well as its closest rivals, including the Tesla Model Y, which costs about $101,000 plus on-roads in Performance trim (no base AWD model is available).

The GV60 is also 200mm shorter than Genesis’ upcoming Electrified GV70 electric medium SUV, which will cost between $105,000 and $115,000 plus on-road costs when it launches in the coming months.

Powering the ‘base’ GV60 ‘Lux’ will be dual electric motors and a 77.4kWh battery pack (from the Kia EV6), developing 234kW and 605Nm for about 470km of driving range according to European testing procedures.

Meanwhile, the GV60 Performance upgrades to dual electric motors developing 320kW and 605Nm in normal driving, increasing to 360kW and 700Nm in 10-second bursts of ‘Boost Mode’.

Genesis claims a 4.0-second 0-100km/h time for this variant in Boost Mode, and 465km of WLTP range. All GV60 variants offer 350kW DC fast charging capable of a 10 to 80 per cent recharge in 18 minutes.

An entry-level rear-wheel-drive model with one 168kW motor has been certified for sale in Australia, however it won’t form part of the launch line-up.

Standard features have yet to confirmed for Australia, however government certification documents suggest 20-inch wheels will be standard on the Lux, rising to 21-inch alloys on the Performance.

The use of the ‘Lux’ badge suggests all GV60s will be equipped similarly to other Genesis cars with optional Luxury Packs, hinting at heated and ventilated nappa leather seats, dual 12-inch interior displays, a power tailgate, head-up display and a fingerprint reader.

Government certification documents suggest camera-based side mirrors may also be available in Australia, likely as an option.

The 2023 Genesis GV60 is expected in Australian showrooms within weeks. Stay tuned to Drive for more details as they come to hand.

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