Hyundai Motor
Co., South Korea's top automaker, plans to launch its first dedicated
electric vehicle model earlier next year, industry sources said Monday.
The hatchback compact electric model being developed under the name AE
was supposed to be launched later this year but it was "delayed until
March next year when it will be showcased in an electric car expo,"
sources told the English division of Yonhap News Agency.The expo refers
to the International Electric Vehicle Expo, which will kick off in March
on the southern resort island of Jeju.
A
Hyundai Motor official said that the hybrid model AE project will be
unveiled earlier next year and the genuine electric car model will be
showcased at the upcoming expo. The new model will mark the first time
for Hyundai Motor to unveil a car exclusively developed as an electric
vehicle. It has launched hybrid versions of existing models, such as the
Sonata.
Hyundai
Motor has been working hard to develop its first dedicated electric
vehicle model to compete with the market leader, Toyota's Prius. Market
watchers expect that the new model could exceed the Prius in terms of
fuel efficiency and price affordability. Meanwhile, China's BYD will
launch its electric vehicle during the same expo, which can run 400
kilometers on a single full charge, the sources said.
Source 
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