South Korea has emerged as a global powerhouse in the automotive industry. It's home not only to Hyundai and Kia, but General Motors (having taken over Daewoo), SsangYong and Renault Samsung Motors also make cars there. Unfortunately not a one of them makes a serious sports car. But that's where the Oullim Spirra comes in.

First introduced back in 2008, the Spira is a mid-engined sports car powered by a Hyundai-sourced 2.7-liter V6 with either one or two turbochargers, and as much as 600 horsepower. It's sold in a handful of Asian and European markets, but will reportedly soon make its debut at the 2015 Geneva Motor Show... with a bit of a twist.

Instead of the internal-combustion V6, a new outfit dubbed Spirra Europe is preparing to introduce a new version of the sports car with an all-electric powertrain. Spirra Europe is setting up spot in Friesland, the Netherlands, where it will assemble the cars to European specifications, with all the battery tech and all-wheel drive where the existing version powers only the rear wheels. Pricing is tipped to come in around 200,000 euro (equivalent to about $270k at current exchange rates).

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