The sky-high asking price is the reason why Hyundai closed the supercar project.
Did you know Hyundai was, at one point, working on an N supercar with a mid-engine layout? You have read correctly. The Korean car owner actually worked on a mid-engined supercar that should have been the company’s halo model. However, the car company decided to abandon the project in the middle of the development phase and focus on higher performance cars like the Kona N, i20 N, and Veloster N, claimed a report by Top Gear.
Back in 2017, Hyundai revealed the i30 N revealing its sporty intentions. However, the original plan was to introduce a much more exciting product than just a compact hot hatch, the report asserts. It’s a supercar internally known as ‘The President’s Car’. Albert Biermann, former head of Hyundai’s N division, is the driving force behind this supercar project. It’s a case similar to BMW car M, where Biermann was promoting a supercar, which also never happened, as the German automaker focused on the plug-in i8 instead.
The report claims that the supercar is being developed with a carbon fiber chassis and a petrol engine with an electric motor as part of the hybrid powertrain. The platform of the supercar is said to have been developed to house hydrogen fuel cells. The reason behind the project’s cancellation was its sheer price tag of around $150,000, which the automaker thought would be too high for a Hyundai model. The report states that Biermann now believes it was the right decision to scrap the project.
Meanwhile, the Hyundai N division is said to be working on a new line of vehicles. One of them will be the electric Ioniq 5 N, which is expected to hit the market in 2023 with a peak capacity of around 600 hp. It will likely be much faster than the i30 N and has a dedicated drift mode as well.
First published date: September 22, 2022, 15:38 PM IST