Trade Resources Company News The Competition Between Hyundai and Toyota Prius

The Competition Between Hyundai and Toyota Prius

Hyundai is developing gas-electric car to diversify its eco-friendly vehicle line-up which will compete against Toyota's Prius.

The company already planning to sell the industry's first fuel cell models in California and it is expected to start selling battery-powered electric vehicle by 2016.

The new gas-electric car will be Hyundai's first "dedicated" hybrid car and it is expected to be marketed as a hybrid.

Reuters reported Hyundai Motor CEO Kim Choong saying: "We will take the lead in the future by raising the competitiveness of our environment-friendly cars like hybrid-only cars, plug-in hybrid cars and cell hydrogen cars."

Reports suggest that Ford is also planning a dedicated hybrid model which is expected to be released as a 2019 model.

Source: http://greenpowertrain.automotive-business-review.com/news/hyundai-to-develop-gas-electric-car-to-compete-against-toyota-prius-311014-4424708
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Hyundai to Develop Gas-Electric Car to Compete Against Toyota Prius
Topics: Auto Parts