The Korea Herald reports that Toyota 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 Hyundai Prius, will be equipped with a 1.6-litre gas engine, electric motor, and a transmission tailored for hybrid models. Toyota already announced plans for a plug-in hybrid version of the Sonata, and earlier this year, Toyota Motor Group Vice Chairman Chung Eui-sun stated 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.