Electric vehicles
Gensis launches motorsport team to race in high-performance segment
Reigning WEC champion André Lotterer, four-time Sebring 12 Hour winner Luis 'Pipo' Derani join the Genesis Magma Racing team
By Dec 05, 2024 (Gmt+09:00)
2
Min read
Most Read
LG Chem to sell water filter business to Glenwood PE for $692 million


KT&G eyes overseas M&A after rejecting activist fund's offer


Kyobo Life poised to buy Japan’s SBI Group-owned savings bank


StockX in merger talks with Naver’s online reseller Kream


Meritz backs half of ex-manager’s $210 mn hedge fund



Hyundai Motor Co.'s premium brand Genesis on Wednesday launched a racing team and unveiled a motorsports prototype to raise its presence in the global luxury high-performance car market.
The brand said Genesis Magma Racing plans to compete in the World Endurance Championship (WEC) in 2026 and the IMSA SportsCar Championship in 2027 to showcase its engineering expertise and durability capability.
“This entry into motorsports is a natural evolution for Genesis,” said Genesis Chief Executive Officer Luc Donckerwolke in a statement. “As we look to push the boundaries of our brand, motorsports allows us to bring the spirit of hyperspeed.”
Hyundai earlier this year introduced the Genesis GV60 Magma Concept, a high-performance version of its electric crossover to boost the premium brand with performance models and more luxury features to court prestigious global carmakers such as Mercedes-Benz AG. The leading South Korean automaker is scheduled to produce the model in the third quarter of 2025 in South Korea.
LE MANS DAYTONA HYBRID
Genesis plans to develop a model based on the Le Mans Daytona hybrid (LMDh), a new motorsports prototype class emphasizing fuel efficiency, sustainability and cost savings, for the races.
Reigning WEC champion André Lotterer and four-time Sebring 12 Hour winner Luis “Pipo” Derani are the first drivers named for the LMDh program, to take the wheel of the Genesis GMR-001 Hypercar unveiled on the day, Genesis said.
Ahead of its WEC debut in 2026, the team will collaborate with IDEC Sport to field a Le Mans Prototype2 (LMP2) entry in the European Le Mans Series next year, Genesis said.

The GMR-001 is designed to maximize performance for motorsports, according to Genesis.
Accurately styled with Genesis’ signature two-line lighting, the GMR-001 Hypercar projects a confident stance, while sleek, horizontal lights wrap around the front and rear, emphasizing width and aerodynamic purpose, Genesis said.
Smoothly contoured surfaces guide airflow across the body, optimizing aerodynamic efficiency, it added.
“The GMR-001 Hypercar and our Magma models represent a fusion of Genesis’ performance ambitions with our design-driven DNA," said Donckerwolke. “We are entering a new chapter, where speed meets elegance.”
Write to Jin-Won Kim at jin1@hankyung.com
Jongwoo Cheon edited this article.
More to Read
-
Electric vehiclesGenesis GV60 Magma to enter production in 2025; hybrid model eyed
Jul 12, 2024 (Gmt+09:00)
3 Min read -
Electric vehiclesHyundai boosts Genesis with enhanced performance, luxury
Mar 26, 2024 (Gmt+09:00)
3 Min read -
AutomobilesHyundai Elantra N TCR stands on double podium in 2023 TCR World Tour
Aug 28, 2023 (Gmt+09:00)
1 Min read -
AutomobilesHyundai Motor wins triple crown of world rally championships
Oct 19, 2021 (Gmt+09:00)
1 Min read -
AutomobilesHyundai completes Nürburgring 24 Hours for 8th consecutive year
May 22, 2023 (Gmt+09:00)
1 Min read
Comment 0
LOG IN