Popular Tags Cars

Koenigsegg Tired Of Building Hypercars

Supercar / 6 Comments

So what's next? An SUV?

Koenigsegg will debut a new supercar (read: not a hypercar) next year, most likely at the 2020 Geneva Motor Show. But unlike any previous Koenigsegg, this one will be less expensive with the goal of becoming a high-volume model. It's still too early to know the specifics, but sources according to a new report from Autocar claim that the unnamed supercar will come powered by a twin-turbo 5.0-liter V8 with some form of electrification. An electrified Koenigsegg? Why not? After all, the Swedish company has always been at the forefront of new technologies, many of which are developed in-house.

Turns out Koenigsegg has been developing this supercar for a few years, but only until more recently did it have the funds to make it happen.

If you recall, Chinese-owned company New Electric Vehicle Sweden (NEVS) purchased a 20 % stake in Koenigsegg a few months ago. This will allow Koenigsegg to grow and finally put into production projects it had to put on hold due to lack of funds. Not only is money required for development, but also for labor. More cars mean a larger workforce and more salaries to pay. Facilities will also require unspecified upgrades. But in the end, it will be worth the effort. This new Koenigsegg supercar will cost less than any previous model. Figure around $700,000 to $800,000. Not cheap but still under a million.

You Might Also Like
Perfect Mid-Life Crisis Cars
Perfect Mid-Life Crisis Cars
This Once Secret BMW M5 Has The Ultimate V12 Engine
This Once Secret BMW M5 Has The Ultimate V12 Engine

However, don't assume Koenigsegg will grow to the size of, say, Ferrari or Lamborghini; it'll still remain very small in comparison. For example, last year it built only 18 cars. That's nothing for a mainstream brand. Koenigsegg's new goal is to hit at least 100 cars annually. This new less expensive supercar will play a huge role in making that possible. Koenigsegg reportedly has additional models in various stages of development and thanks to the NEVS investment, things are moving along quite well.