A novel hybrid optimization (HO) method efficiently combines parameter optimization (PO) and topology optimization (TO) is proposed. The novelty concerns introducing the mesh deformation technique for model regeneration to make a connection between the TO and PO, in this way, the geometric features can be inherited in iterative optimization to fasten the convergence. The proposed HO is applied to the optimal design of a baseline V-type permanent magnet synchronous machine (PMSM), in which the topology of air barriers and the layout parameters of permanent magnets (PMs) are simultaneously optimized, for torque property enhancement. Comparative numerical results show that the proposed HO is more efficient in optimal solution searching compared with traditional methods, as good topological features can be inherited in the iterative optimization. The numerical results also indicate that the proposed HO has good compatibility with different solvers, it can always provide good convergence to provide PMSM designs with excellent torque property when an evolutionary algorithm such as a genetic algorithm and evolution strategy is used as the solver.