Hyundai IONIQ 5 N is the 2024 World Performance Car

The Hyundai Motor Company continued its winningstreak at the World Car Awards this week with the IONIQ 5 N high-performanceelectric vehicle (EV) named the 2024 World Performance Car.

This is the Hyundai IONIQ 5 lineup's fourth majorWorld Car Awards win in the last three years. Today's victory solidifies IONIQ5 N's position as a frontrunner in the market as it continues to outpace EVrivals with its outstanding high-performance technology.

"We are thrilled and honoured to receive theprestigious World Performance Car award for our IONIQ 5 N," said Jaehoon Chang,president and CEO of Hyundai Motor Company. "This recognition is a testament toHyundai's commitment to pushing the boundaries of electric performance andinnovation. It is truly gratifying to see our efforts rewarded with a total ofseven World Car Awards titles in the last three years. We are proud to continueour winning streak and solidify Hyundai's position as a leader in the global EVindustry."

The World Car Awards announced the winners of thisyear's competition this week at a ceremony during the 2024 New YorkInternational Auto Show (NYIAS). Hyundai Motor's many nominations reflect itsgrowing stature on the global stage and build on its past success at the WorldCar Awards. The brand's IONIQ 5 and IONIQ 6 took back-to-back triple victoriesin 2022 and 2023 in the World Car, World Electric Vehicle and World Car Designcategories.

Introduced in July 2023 as Hyundai N's first electricvehicle, the IONIQ 5 N represents a new segment of driver-focusedhigh-performance EVs through new technologies and elevated racetrackcapability, signalling the first step in N's electrification strategy. Itcombines the standard IONIQ 5's Electric Global Modular Platform (E-GMP) withN's motorsport-bred technologies and leverages N's expertise from electrified'Rolling Labs' to maximize the EV's high-performance capabilities.

The IONIQ 5 N has been widely praised in the mediaas "groundbreaking", a "game-changer", and the "benchmark" for high-performanceEVs. The IONIQ 5 N also won Top Gear's 2023 Car of the Year Award and set thefastest electric SUV lap time at the Nürburgring Nordschleife by Germany'sSport Auto.

"The IONIQ 5 N represents a defining moment forHyundai N and our electrification strategy. By combining our E-GMP platformwith N's motorsport expertise, we have created a groundbreakinghigh-performance EV that has set a new benchmark in the industry," said TillWartenberg, vice president and head of N Brand & Motorsport at HyundaiMotor Company. "The accolades and recognition we have received validate ourcommitment to delivering innovative, driver-focused electric vehicles. With theIONIQ 5 N, we are not just redefining what a performance car is, but alsoshaping the future of electric driving fun."

The World Car Awards is an annual event that sees100 international jurors from 29 countries test-drive and vote on a selectionof eligible vehicles.