Specifically, the parts shortage is affecting the production of the Ioniq 5’s electric motors and the front camera system in the Kona. Consequently, Hyundai will no longer be able to meet initial production targets for the Ioniq 5. Next month, Hyundai was planning to produce 10,000 units of the Ioniq 5, Hyundai now expects to only build 2,600 units due to the production shutdown.
Demand for the Ioniq 5 has been high, as Hyundai received 24,000 orders in South Korea on the day of the reveal. All 3,000 examples of the limited-edition Project 45 launch model have also sold out in Europe.