The first official image of the Genesis GV60 Magma has been released ahead of the small electric performance SUV’s unveiling later this year, and its Australian release in early 2026. Magma versions of all Genesis models are expected to join the hotter GV60 in Australia, including the GV70 mid-size SUV, the GV80 large SUV, and the G80 large sedan. Camera Icon Supplied Credit: CarExpertThe GV60 Magma will be the flagship of the compact GV60 electric SUV range, bringing more power, more equipment and a higher price tag – much like Hyundai’s hotter N EVs but with chassis tuning to suit the ‘gentleman driver’. This means the GV60 Magma will cost more than the current GV60 Performance flagship, which is priced exactly $1 higher than the Ioniq 5 N at $110,384 plus on-roads. The existing all-wheel drive GV60 Performance produces 320kW, offers a 481km (WLTP) driving range and has a cabin boasting a connected 27-inch multimedia array.