1. Hyundai is looking to take on the Toyota Prius with a dedicated hybrid model.
2. The Korean company trademarked the name Ioniq which is pegged to be the name for this new model.
3. Expect the Ioniq to use a 1.6-liter four-cylinder engine, paired with an electric motor and the brands compact lithium ion polymer battery pack.
4. The Ioniq is expected to be extremely aerodynamic and net fuel economy ratings above the 41 MPG combined range.
5. Also in order for the Ioniq to be really competitive with the Prius, it will need to be priced around $25,000.
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