Peugeot has teased its updated 508 mid-sizer in a fast-paced YouTube video, ending it with the hashtag #PSE.

That refers to the model’s current performance flagship – not offered here – called the Sport Engineered, or PSE for short.

Peugeot will reveal the vehicle on February 24, and based on the video we can expect to see a new grille with the brand’s updated logo. A new wheel design has also been teased.

It’s unclear if the plug-in hybrid PSE will come here as part of the updated range.

Revealed in 2020, the PSE features a turbocharged 1.6-litre four-cylinder plug-in hybrid powertrain with total system outputs of 268kW of power and 520Nm of torque, good for a 0-100km/h time of 5.2 seconds.

There’s an electric motor on each axle, giving the PSE all-wheel drive, and an 11.5kWh lithium-ion battery under the boot floor.

Claimed electric range is 42km.

While Peugeot has introduced a milder, front-wheel drive plug-in hybrid 508 fastback and plans to add a wagon version of it in the first half of this year, it has ruled out the PSE.

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Current 508 Sport Engineered

“The PSE is fairly limited in the number in production, so right now we’re not considering it for this market but if ever there comes a time when we can, we definitely will,” said Kate Gillis, managing director of Peugeot Citroen Australia, late last year.

“But it certainly won’t be here in the short-term,” she added.

Recent spy shots suggest the 508 range will receive a new headlight design and tail light graphics, in addition to the new badging.

It’s also expected to receive the brand’s latest-generation infotainment system.

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The 508 is currently available with a turbocharged 1.6-litre four-cylinder engine with 165kW of power and 300Nm of torque.

Optional on the fastback is a plug-in hybrid powertrain with a turbocharged 1.6-litre four-cylinder petrol engine mated with a 11.8kWh lithium-ion battery, and features a single 80kW/230Nm electric motor.

All models in Australia are front-wheel drive.

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Pricing for the line-up starts at $63,431 before on-road costs for the 508 GT fastback, rising to $65,657 before on-roads for the Sportswagon and topping out at $81,610 before on-roads for the plug-in hybrid GT fastback.

It’s not clear how much the PHEV wagon will cost, however if the fastback is anything to go by it could command an $18,000 or so premium.

The 508 is in a unique spot within the Australian market as no mass-market mid-sizer offers a plug-in hybrid powertrain, while luxury brand rivals like the BMW 330e are more expensive.

MORE: Everything Peugeot 508

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