The Monjaro PHEV is set to join a rapidly expanding midsize vehicle market, where demand for electrified models is surging. Chinese automakers have driven recent growth in this segment, with plug-in hybrid models now representing a majority of sales. The new offering signals a broader industry push toward cleaner, more efficient powertrains. Analysts expect the trend to reshape competition as traditional automakers respond to shifting consumer preferences.
The Monjaro PHEV will enter a fast-growing midsize segment that has been invigorated by Chinese entrants and to shift toward electrification. Models with plug account for more than 70 percent of all ...
