The Veloster's revival might come in the form of an Ioniq 3 N hot hatch, according to Carscoops.

      Hyundai's CEO suggests that the Concept Three could potentially evolve into the Ioniq 3 N if there is an increase in demand for performance electric vehicles.

      If this comes to fruition, it may bear a resemblance to the Concept Three showcased in Munich.

      The Ioniq 3 is expected to debut in 2026, with the performance N variant possibly following a couple of years later.

      Interest in Hyundai's performance electric vehicles is on the rise, and while the electric Ioniq 5 N has garnered positive reviews, its high price point prevents it from being a direct successor to the beloved i30 N hot hatch, which is no longer available in Europe due to stricter emissions regulations. This void in the lineup could potentially be filled by the more compact Ioniq 3, though reports indicate that Hyundai has also considered naming it the 2 or 4.

      The sporty hatchback was presented at Munich this week in the form of the Hyundai Concept Three, a show vehicle with a quirky, playful character that resembled a modernized Veloster adapted for the electric age. However, Hyundai has minimized this comparison, referring to it simply as a compact hatchback.

      Could Hyundai Develop an Ioniq 3 N?

      Indications of a performance-oriented Ioniq 3 have emerged from within the company. Xavier Martinet, Hyundai Motor Europe's President and CEO, hinted that the concept is being seriously evaluated, stating to Auto Express: “The concept is quite sporty, and there’s clearly heritage with the N brand. It’s a legitimate topic for consideration.”

      However, the project for the hot hatch has yet to receive formal approval. Martinet acknowledged the uncertainty regarding market demand, saying, “The key question is whether there is customer interest. Is there a market? How can you make your vehicle the one customers desire? Generating excitement is essential.”

      Photos by Stefan Baldauf & Guido ten Brink

      Simon Loasby, Hyundai’s head of design, explained why the concept car hasn’t been labeled with the N branding. “It represents a possibility. We’re not naming it N; it hasn’t received approval. But I believe everyone within the company understands Europe’s need for compact hot hatches, making it a relevant topic for discussion.”

      What the Production Model Will Look Like

      The upcoming Ioniq 3 (or whatever name Hyundai chooses) is anticipated to launch in mid-2026, acting as the electric counterpart to the aging i30. Recent spy images indicate that the production version will feature a streamlined hatchback shape with a sloping roofline. In contrast to the Concept Three, which showcases a Veloster-inspired asymmetric door layout, the Ioniq 3 will likely adopt a more standard five-door design.

      For now, the concept impresses with its bold, wide fenders, splitter, transparent ducktail spoiler, and a diffuser that houses speakers designed to mimic twin exhaust tips, which it lacks, of course. A slightly toned-down rendition of this aggressive design could be fitting for a potential Ioniq 3 N, particularly if it incorporates a dual-motor configuration and a chassis focused on handling.

      Photos by Stefan Baldauf & Guido ten Brink

      When Could It Arrive?

      If approved, the Hyundai Ioniq 3 N could be launched around 2027, joining the already available Ioniq 5 N and Ioniq 6 N models. The company has also confirmed the development of a new generation of the i20 N hatchback featuring a hybrid powertrain, along with a new Elantra N sedan equipped with a gasoline engine.

      Naturally, Hyundai won't be the sole contender in the electric hot hatch segment. The forthcoming VW ID. Polo GTI will compete against the Peugeot 208 GTi, Alpine A290, and Mini JCW Electric in the subcompact category. Nonetheless, an updated version of the larger VW ID.3 GTX, likely adopting the GTI name, would serve as a more appropriate competitor to the Hyundai Ioniq 3 N.

      Photos by Stefan Baldauf & Guido ten Brink