The $71,495 GV60 Magma is the first model from Genesis' new performance sub-brand. The hot EV is initially available in California, New York, and New Jersey.

Genesis could make hotter versions of their Magma cars to compete with rivals like the Mercedes-AMG Black Series and BMW M Competition models.

GENESIS REVEALS U.S. PRICING FOR GV60 MAGMA, BRAND'S FIRST HIGH-PERFORMANCE MODEL