A new hybrid electric vehicle is set to join a rapidly expanding midsize market, where demand for electrified models is surging. Chinese automakers have driven recent growth in this segment, with plug-in models now dominating sales. The latest entry aims to capitalize on shifting consumer preferences toward cleaner, more efficient powertrains. Industry trends suggest a major pivot toward electrification in the coming years.
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 ...
