There's been so much news lately regarding automakers committing themselves to all-electric futures. But what about the present? Combustion-engined vehicles aren't going anywhere just yet and most of us still drive them. Fans of sports cars, muscle cars, and supercars still prefer firing pistons over lithium-ion. Chevrolet Performance understands this perfectly.

The very appropriately named division has just released a highly interesting teaser video that clearly indicates a new crate engine will debut this coming Friday, July 30. All it states is that it's "something big" but we know the sound of a GM small block V8 when we hear it.

The last time Chevrolet Performance had something new to show us was last October when it unveiled a one-off all-electric K5 Blazer. Based on a 1977 K5 Blazer, the exterior and interior looked nearly completely stock but instead of the original 400 cubic-inch V8 and three-speed slushbox combo, there was a 200 hp and 266 lb-ft of torque electric motor taken from a Chevy Bolt EV.

This is actually part of a new eCrate package that also includes an electronically-controlled four-speed automatic, a 400-volt battery, and things like power inverters. The eCrate should be on sale by the end of this year, if not before.

Clearly, we're not getting another EV-related product this week, but rather a new crate engine aimed directly at Ford's 1,100-hp 7.3-liter Godzilla V8 and its upcoming Megazilla, a direct response to Mopar's Hellephant V8. As is the case with those V8s, there's a strong likelihood Chevrolet Performance's latest creation will be built in limited numbers and available on a first-come, first-served basis. Don't expect it to be cheap; the Hellephant cost at least $29,995 while the Godzilla was a more reasonable $8,300.

But again, we're simply guessing about that right now but it won't be too long until we find out the full details.