After losing market share because the company wasn't offering a hybrid option, Hyundai has announced plans for a hybrid sedan. The hybrid version of the Sonata is expected to go on sale in the U.S. in 2010.

The Korean automaker's plans include a lithium ion battery for the gas-electric hybrid. The batteries will come from Korean battery maker LG Chem. That company is also a competitor to supply batteries to General Motors for the Chevrolet Volt.

Hyundai previously announced plans to bring a hybrid version of the Avante to market in 2009, but that vehicle will not be available in the U.S. The plans for the Sonata make Hyundai the fourth major automaker to offer a hybrid in the U.S. Hyundai definitely won't be the last.

It seems like just a matter of time until most major automakers offer at least one hybrid model, or even alternative fuel vehicles. Several companies have taken huge losses lately, due to their SUV and truck commitments. Hyundai has faced its share of those losses. The company has come to the conclusion that hybrid versions of its current models are its chance for future success. It seems likely that sales will prove Hyundai right.

Photo — abbydonkrafts