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Meticulous design of the energy management control algorithm is required to exploit all fuel-saving potentials of a hybrid electric vehicle. Equivalent consumption minimization strategy is a well-known representative of on-line strategies that can give near-optimal solutions without knowing the future driving tasks. In this context, this paper aims to propose an adaptive real-time equivalent consumption minimization strategy for a multi-mode hybrid electric powertrain. With the help of road recognition and vehicle speed prediction techniques, future driving conditions can be predicted over a certain horizon. Based on the predicted power demand, the optimal equivalence factor is calculated in advance by using bisection method and implemented for the upcoming driving period. In such a way, the equivalence factor is updated periodically to achieve charge sustaining operation and optimality.