The new Ionic five midsize crossover is the linchpin of the company's long term goal to rank third among the world's electric vehicle makers by 2025.

Power your World Ionic five.

The Ionic five will have a maximum driving range of about 298 miles, up 20% from the Kona Eve, which previously had the longest range among high undies.

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The company says the model is based on a new electric vehicle only platform that uses its own battery module.

Technology on requires fewer components than Honda is existing electric cars, enabling faster production at lower cost.

It will offer to battery pack options 58 kilowatt hour, or 72.6 kilowatt hour.

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And I said in a statement that the Ionic five will be available in selected regions starting in the first half of 2021.

The company is targeting sales of 100,000 units globally in 2022 across Europe, North America and South Korea.

The automaker did not disclose the price of the new model, but Honda Motor Europe President Michel Cole said.

In Europe it was started about $51,000 before government incentives.

Only five, the culmination of the launch of Bionic five is part of Hyundai's long term Gold captured 10% of global evey sales by 2025 together with its sister company Keycorp.

Hyundai aims to sell one million EVs in 2025 alone.

Hi Andi Motor President Chang Joon said.

We expect this year's global evey demand will increase more than 30% versus last year.