Hyundai to Launch LPG Hybrid Car in Korea

The hybrid Elantra is cheaper to operate than other hybrid models currently available as LPG prices are lower than gasoline.

Published: 09-Jul-2008

SEOUL - Hyundai Motor Co (005380.KS: Quote, Profile, Research) plans to start retail sales of a hybrid version of the Elantra in South Korea in July 2009, the country's top auto maker said on Tuesday.

Hyundai does not currently plan to export the model, a company official said.

Hyundai, which controls almost half of South Korea's auto market, said the compact sedan would be powered by liquid petroleum gas (LPG) and lithium polymer batteries, which will be supplied solely by South Korea's LG Chem (051910.KS: Quote, Profile, Research).

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