Hyundai Motor has announced the introduction of its alternative-fuel compact vehicle - Hyundai Ioniq - which is due to be shown at the Geneva Motor Show in March 2016. With electric, plugin-in gasoline\/electric hybrid or gasoline\/electric hybrid powertrain - the Hyundai Ioniq is the first car from any carmaker that offers three powertrain options in a single body type. Woong-Chul Yang, Head of Hyundai Motor R&D Center said, "Hyundai Motor has a heritage of building innovative, fuel-efficient vehicles, so we are proud to advance our eco-friendly car line-up with the introduction of IONIQ. Our vision for future mobility focuses on choice, with a variety of powertrain options to suit customers' varied lifestyles, without compromising on design or driving enjoyment. IONIQ embodies Hyundai Motor's vision to shift the automotive paradigm and future mobility; IONIQ is the fruit of our efforts to become the leader in the global green car market." The company says that the new car's name refers elements of its creation. The first part of the name - ion - is an electrically-charged atom, while the second part - iq - refers to 'unique'. The Hyundai Ioniq is based on an all-new platform that is optimised to deliver responsive handling and still offering high fuel efficiency with all three powertrains. The fully-electric (EV) version is powered by a high capacity lithium ionn battery. The plug-in hybrid (PHEV) version gets its power from a battery that can be charged with electricity. It's not the first attempt by Hyundai to develop a green vehicle, the Korean giant is also the first carmaker to mass-produce a hydrogen-fueled vehicle - the ix35 fuel cell. Upon its launch in 2016, the Hyundai Ioniq will rival both hybrid as well as all-electric vehicles. While in the hybrid category, it will rival Toyota Prius and Chevrolet Bolt; it will face competition from cars like Nissan Leaf and Tesla Model S in the all-electric vehicle segment.