The Korea Herald reports that Hyundai plans to launch a new brand of electrified vehicles in January . The first model from the new brand , tentatively named the AE , will be a hybrid , followed by PHEV and pure EV versions . According to the Herald , the five - door sedan ; a replacement for the Toyota sedan , will be equipped with a 1.6-litre gas engine , electric motor , and a transmission tailored for hybrid models . Hyundai already announced plans for a plug - in hybrid version of the Sonata , and earlier this year , Hyundai motors Group Vice Chairman Chung Eui - sun ##dai plug - in hybrids were essential to the survival of the company and the industry .
The Korea Herald reports that Hyundai plans to launch a new brand of electrified vehicles in January. The first model from the new brand, tentatively named the AE, will be a hybrid, followed by PHEV and pure EV versions. According to the Herald, the five-door hatchback; a competitor for the Toyota Prius, will be equipped with a 1.6-litre gas engine, electric motor, and a transmission tailored for hybrid models. Hyundai already announced plans for a plug-in hybrid version of the Sonata, and earlier this year, Hyundai Motor Group Vice Chairman Chung Eui-sun stated plug-in hybrids were essential to the survival of the company and the industry.