The Ioniq 5 N was introduced on 14 July 2023 during the Goodwood Festival of Speed. The variant is the top-of-the-line model, marketed under the Hyundai N performance sub-brand.

The exterior changes include a revised front end with larger air intakes, with additional air curtains and air flaps for improved cooling. The rear portion gained a rear wiper, wing-type spoiler integrated with a triangular third brake light, and a rear diffuser. With extended wheel arches and wider track, the Ioniq 5 N is 50 mm (2.0 in) wider than the standard model and also 20 mm (0.8 in) lower.

The body in white structure of the Ioniq 5 N gains 42 additional welding points and 2.1 m (83 in) of additional adhesives for improved rigidity. The motor and battery mountings were also reinforced, while the subframes were enhanced for lateral rigidity. Its power steering has a higher ratio and improved torque feedback.

The vehicle is equipped with two electric motors, providing a total of 448 kW (609 PS; 601 hp) and 740 N⋅m (75.5 kg⋅m; 546 lb⋅ft) of torque. However, Hyundai equipped the Ioniq 5 N with an N Grin Boost mode, allowing a maximum output of 478 kW (650...