With great power and performance comes great cost and it will be no different when the Mercedes-AMG Project One hits the market. Speaking about the hybrid hypercar at the Geneva Motor Show, AMG boss Tobias Moers said that it will be priced from 2.275 million euros (US$ 2.4 million), making it slightly more affordable than the Bugatti Chiron.

Speaking to Top Gear about the engine, Moers said “It’s pure F1 technology. It’s a 1.6-litre engine, it still revs to 11,000 rpm, but idles at 1,280 rpm. All the electric components are from F1 - the crank motor, the split turbo, the front axle is driven by electric motors. Even the battery cells are F1, the most expensive cells on the planet.”  At this stage, Mercedes hasn't made an announcement of just how powerful the car will be but it is tipped to deliver around 1,000 hp.

While we won't know performance times for the car any time soon, Moers did say that a lap time at the Nurburgring will be posted with the Project One. The car will be unveiled to the world at the IAA Frankfurt Auto Show in September.