Lamborghini’s first electric vehicle (EV) could have the Hyundai Ioniq 5 N in its sights as a performance benchmark, after the electric SUV was spotted leaving the carmaker’s Italian headquarters. In a video uploaded to YouTube, spy photographer Varryx captured the Ioniq 5 N departing the Lamborghini HQ in Sant’Agata Bolognese, Italy – not covered in camouflage and with German number plates. While it might seem strange to see another brand’s car inside a rival’s HQ, it’s common practice in the car industry for companies to buy vehicles they’re using to ‘benchmark’ against future models.
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In this case, Lamborghini is due to launch an EV in 2029, having initially targeted a 2028 release. Named the Lanzador, it was shown off in prototype form in 2023 . Though Hyundai and Lamborghini are two completely different companies – with the former making a handful of performance models among a broader, market-focused lineup – the Ioniq 5 N is widely considered to be the best EV on sale in terms of its all-round performance for its price.
The Hyundai Ioniq 5 N is powered by a dual-motor electric drive system putting out up to 478kW and 770Nm in its most aggressive N Grin Boost mode, mated to an 84kWh battery. Hyundai quotes a 0-100km/h time of 3.4 seconds on its way to a top speed of 260km/h.
It featured heavily in CarExpert’s first drag race series last year, where it was put to the test against Ferraris, Lamborghinis and McLarens. MORE: Everything Hyundai Ioniq 5 N.
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Is the Hyundai Ioniq 5 N a target for Lamborghini’s EV?
Hyundai's Ioniq 5 N is widely regarded as the performance benchmark for affordable EVs, making it a good base for Lamborghini to learn from.