The Ioniq 5 brings a distinctive retro appearance, drawing inspiration from both Hyundai’s 45 Concept and their original production car, the Pony. It also employs Hyundai’s “parametric dynamics” design language…which basically means the front and rear forms merge boldly across the doors.

Buyers can choose between RWD and AWD versions of the Ioniq 5, with either a smaller 58-kWh or a larger 77.4-kWh battery setup.

In European spec (Exact U.S. specs are still TBD), with a smaller 72.6 kWh battery setup, the Ioniq 5 has 301 hp and 446 lb-ft of torque and accelerates from 0-60 mph in 5.2 seconds. The estimated EPA range will likely be in the ballpark of 260 miles.

The Ioniq 5 appears to have decent cabin space (no specs provided) thanks to its long wheelbase. But there are no photos of the trunk. The spec sheet, however, says it’s 18.75 cubic feet in size, smaller than the trunk in the Kona EV (though larger than the Tesla Model 3‘s trunk).

We also haven’t see the frunk, but the specs claim it’s about one-fifth the size of the shrimp cooler in the front of the Ford Mustang Mach-E. However, as you can see here, the Ioniq 5 does offer reclining seats, which seem to be becoming something of a trend in the industry.

Hyundai has succeeded in many segments by offering a great value proposition, but it’s not clear the Ioniq 5 will follow suit. The Kona EV starts at $37,390 before the federal tax credit; we’re guessing the larger Ioniq 5 will start above that, which may make it more expensive than both the Model 3 and the Volkswagen ID.4.