Hyundai reportedly plans to announce a production version of the N Vision 74 concept later this month as a homage to the original Hyundai Pony Coupe.

The N Vision 74 debuted last December as a "futuristic rolling lab inspired by its heritage," but the general car-loving public has since been clamoring for it to enter production. That's not only because it looks epic but because the N Vision 74 previews a new era of performance EVs that actually have character.

According to the South Korean publication Money Today, Hyundai is planning a "Pony Day" at its Seoul design studio on May 27, celebrating Hyundai's first mass-produced automobile, the Pony. At this event, an official announcement is expected to be made about the N Vision 74's production variant.

The Hyundai Pony has significantly impacted modern Hyundais, heavily inspiring the design of the Ioniq 5 electric crossover. But the original Pony was available in multiple body styles, including three- and five-door liftbacks, a two-door pickup, a sedan, a station wagon, and a coupe. While the five-door liftback inspired the Ioniq 5, the three-door inspired the N Vision 74.

The Ioniq 5 is an electric vehicle with an N performance version on the way. The N Vision 74 went a different route, eschewing pure electrification for a hydrogen fuel-cell system combined with twin electric motors and a 62.4-kWh battery. This system generates a combined 679 horsepower and 663 lb-ft of torque, all sent to the rear wheels exclusively (the original Pony was also RWD).

The N Vision 74 was touted by Hyundai as a rolling lab, testing various technologies in the hopes that they could reach production. Whether that performance fuel-cell powertrain will see production remains to be seen.

At the "Pony Day" event, Hyundai is expected to reveal a rebuilt version of the original Pony Coupe Concept, recreated by original designer Giorgetto Giugiaro and his son Fabrizio. This recreation was confirmed in November last year. At the time, a design sketch showed how the car could evolve between 1974, when it first debuted at the Turin Auto Show, and 2022, and its side profile looks remarkably like a more toned-down version of the N Vision 74.

Toned-down may be a bit of a misnomer, however, as Hyundai executives have continually spoken of their dream to build a Hyundai supercar. These comments have been interspersed with talks of a production N Vision 74 and a performance car carrying a six-figure price tag.

These all seem like pieces that fit together with the latest report that the concept may become a reality.

Whether Hyundai buyers would be willing to spend Corvette Z06 money on a car wearing the Hyundai badge is a huge gamble. Still, Hyundai may reduce costs by leveraging the technology in other high-end products.

Genesis, for example, is reportedly planning a high-end GT car that could use the Genesis GT90 moniker. If the GT90 shared a platform and powertrain with a new N-badged Pony Coupe, it would allow Hyundai to make it more marketable to various audiences, increasing the prospective sales volumes and reducing cost.

It's mostly rumor and conjecture, but if the N Vision 74 is heading to production, we won't have to wait long to find out more.