Hyundai locks in early 2021 for IONIQ 5 debut Hyundai locks in early 2021 for IONIQ 5 debut December 11, 2020 First model to be launched under new IONIQ sub-brand to be underpinned by all-new EV architecture Hyundai has confirmed that it will launch the all-new Hyundai IONIQ 5 in “early 2021” – the first model from the Korean car-maker’s fledgling pure-electric sub-brand that has been created to challenge Volkswagen ID models. Set to be the first of three IONIQ EVs that will be launched in the next four years, the odd-numbered models will be SUVs while even numerals will be reserved for all other body styles, including sedans and hatchbacks.