Although it was privately shown to a small group of extremely loyal Mercedes customers at Geneva last month, the rest of the world will have to wait until Frankfurt this September for the official reveal of the Mercedes-AMG Project One F1-inspried hypercar, which, according to Automobile Magazine, is rated at 1,020 horsepower. We previously reported that at least 1,000 hp was to be expected, but only today does it appear to be a precise figure.

The breakdown is this: 748 hp will come from the 1.6-liter V6 engine, which redlines at 11,000 rpm, while four electric motors provides everything else. Two of those motors power the front wheels, and one each for the crankshaft and turbocharger. All told, the Project One will tip the scale at less than 2,900 pounds (and that includes the battery pack!) thanks to lots of carbon fiber and other lightweight building components. The batteries themselves are also quite unique in that they've been designed to allow 30 miles of emissions-free driving. They also help the V6 by increasing low-end torque.

Like other F1-inspired hypercars, specifically the LaFerrari, Porsche 918 Spyder and McLaren P1, the Mercedes-AMG Project One will clearly take the road car driving experience to an even higher level of performance thanks to technological advances (will the current Holy Trinity suddenly look, uh, dated?). It's strictly a two-seater and no more than 275 examples will be produced, of which 225 have already been spoken for. The price? Around $2,345,000 each, but Mercedes has already stopped taking applications in the US.