The hypercar is living through its golden age, with cars such as the Bugatti Divo and SSC Tuatara blowing minds with their awesome power and top speed potential. It's no wonder that small brands from as far away as Greece are starting to join in on the action. Now, according to CarNewsChina, China will be entering the fray with what is said to be the most expensive Chinese motor vehicle ever produced, the 1,400 HP Hongqi S9 PHEV. Last year, Chinese luxury brand Hongqi revealed the S9 hybrid hypercar and the E115 electric SUV concepts, and now comes the news that the company will be starting production of its hypercar sometime next year, which will be limited to 70 units.

With an asking price of 10 million yuan ($1.45 million), the Hongqi S9 PHEV is by far the most expensive car ever built in China, but for good reason: this car packs a serious punch. The gullwing-doored hypercar is powered by a turbocharged V8 mated to a plug-in electric drivetrain. That results in a zero to 62 mph sprint time of an incredible 1.9 seconds, making it one of the fastest street cars around. Top speed is claimed to be a blistering 249 mph.

We're not exactly sure of the electric hybrid setup on the car, but we suspect a twin-motor is assisting the gas-fed mill. Helping the Hongqi S9 PHEV reach these incredible numbers is a full carbon body that keeps the weight to a minimum, as well as a set of lightweight wheels. It must be said that this Chinese specimen is seriously good looking. We love the massive rear diffuser, integrated headlights, and those wheels which look like an atom splitting. If this is Hongqi's first attempt at a hypercar, then we can't wait to see what's next.