The Hyundai Ioniq 3 is a new small electric hatchback developed primarily for the European market, but it will also be available in Australia.

“Our existing EV lineup already covers 85 per cent of the market, and with the introduction of the Staria Commercial Van later this year and Ioniq 3 hatch early next year, we expect to reach 96 per cent overall EV market coverage,” said Hyundai Motor Company Australia sales director David Rodda in a statement last week.

Revealed overnight in Europe, the Ioniq 3 rides on a 400V volt version of the E-GMP architecture employed by the larger Ioniq 5, much like the slightly larger Kia EV3, and will be built in Türkiye.

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Hyundai is calling it an “aero hatch”, but with a bubble-like shape and thick wheel-arch cladding it superficially resembles the Genesis GV60.

There’s a sharper greenhouse and feature line than on the Genesis, per Hyundai’s new ‘Art of Steel’ design language, but the shape is designed to deliver maximum interior space. It also has a drag coefficient of 0.263Cd.

Hyundai’s signature pixel lighting elements can be found on the Ioniq 3, and the four centred dots at either end of the vehicle reference the letter ‘H’ in Morse code. Hyundai’s traditional logo can still be found on the vehicle, however.