In short, this concept car showcases the firm's new design language that abandons the chunky shapes and the much criticized gaping-mouth grille of the current Peugeots in favor of more elegant and sharper looks that hark back to the Pininfarina-era Pugs.
The concept itself, which bears a passing resemblance to Aston Martin's Vantage V8, is a proposal for a low-slung roadster model with a hybrid powertrain.
The SR1's interior, is pure concept though we might see the driver-orientated center console making its way into Peugeot's future production models. The roadster can seat up to three in a 2+1 layout with the rear seat mounted centrally.
The roadster makes use of Peugeot's HYbrid4 technology, which will be available in the company's 3008 crossover from 2011. A front-mounted 1.6-litre turbocharged petrol engine with a power output of 218 bhp is combined with a rear electric motor developing 95 bhp.
When the two power trains work simultaneously, the SR1 develops a potential maximum power of 313bhp and also benefits from four-wheel drive.
Peugeot said that in electric only mode, the car becomes a Zero Emission Vehicle (ZEV), with a combined cycle fuel consumption of 4.9 lt/100km (48.0mpg US) and CO2 emissions of just 119 g/km.
The concept model also benefits from the adoption of 4-wheel steering with the turning angle of the rear wheels controlled as a function of the vehicle speed, via motorized links on the rear wishbones.