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Hyundai still plans to release its Genesis hypercar

The renowned South Korean car manufacturer Hyundai has officially confirmed rumors concerning the alleged market release preparation of the Genesis luxury hypercar.

Once out, the car is going to compete with Ferrari and Porsche in their market segment.

According to a Hyundai spokesman, the high-performance vehicle will be rear-driven, have only two seats and come with a hybrid engine comprising a small internal combustion engine and two powerful electric motors.

On an interesting note, Genesis had been developed in collaboration with the ex-head of BMW M Albert Biermann.

Photo: Carscoops.com