The "Sport Engineered" label replaces GTi as Peugeot’s performance line. The cars will use electrification to boost performance levels while ensuring that low emissions help PSA to meet EU targets. 

The underpinnings for the Lynk & Co. Zero Concept are an open-source platform available for other companies to use.

The coupe-styled SUV was first launched in Russia and South Korea. It will have Renault's E-Tech hybrid powertrain, as well as 12-volt "micro-hybrid" gasoline engines when it goes on sale in Europe in early 2021.

The CEO said the automaker had booked "well over half a million" orders for the electric pickup in the form of $100 refundable deposits.