New cars, particularly those with four-digit horsepower ratings and multi-million dollar price tags, take a lot of time to develop and prepare. Even a company that's been doing the hypercar thing for ages - like Koenigsegg with the Jesko Attack - can take its time to release a working prototype. But the Devel Sixteen was announced more than five years ago, promising an unbelievable 5,007 horsepower and a top speed of 320 mph. But year after year, we are promised that the car is indeed still coming and finally we have some proof to that effect. In the below video, we see a prototype of the 12.3-liter V16-powered monster undergoing its first test.

According to the video taken in Italy, this test covers the basic suspension setup, so the prototype that you see is operating without the four turbochargers that the final product is promised to come with. As a reminder, the 5,000-hp/3,757 lb-ft version will be a track-only car with a top speed of 320 mph, while the roadgoing version will be detuned to around 3,000 horses. A base model has also been promised with a V8 engine developing 1,500 hp, and at this point, we'd be glad to see even that version make its way to production. Nevertheless, the fact that testing is underway is promising.

Earlier reports from a couple of years back indicated that the car would have a two-year waiting list, but this video says that it takes eight months to deliver a customer car. It's unclear if these eight months start from when an order is placed or when production begins, but we're hoping it's the former. Either way, customer orders are open, and if pricing hasn't changed, the base V8 model will set you back $1.6 million, while the V16 will cost $1.8 million and the track car will be priced at over $2 million. Considering the prices of many currently available hypercars, this seems somewhat of a bargain.