Toyota has a new hypercar in the works, previewed by the rather extreme-looking GR Super Sport concept. But while we don't know too much about it at this early stage, we do know that it's going to be expensive. As in, seven-figures expensive.

Speaking with Motoring.com.au, Toyota's Australian spokesman confirmed the race-car-for-the-road will carry a price tag upwards of a million dollars. And while a million in Australian dollars may not be worth as much as it would in US dollars, it gives us an idea of what sort of pricing the Japanese automaker will be looking at.

"It's probably at that hypercar sort of level," Orlando Rodriguez said when asked if the production GR Super Sport would cost a million dollars. "Pricing? It's going to be at that level." (The Australian dollar is currently worth 73 cents in US currency.)

In that regard, at least, Toyota's hypercar will not be unlike past homologation specials like the Mercedes-Benz CLK GTR and Maserati MC12. At this point, though, there remain more questions than answers. "We don't even know when cars will be available, what markets they will go to and where they will be road registerable and where they won't," said Rodriguez.

The show car derives its powertrain from the Le Mans-winning TS050 prototype: a 2.4-liter twin-turbo V6 hybrid setup netting nearly 1,000 horsepower. Toyota intends to put it into production in order to homologate the racing version under the FIA and ACO's forthcoming new production hypercar-based regulations that could see Mercedes-AMG's Project One and (the successor to) the Aston Martin Valkyrie, among others, compete at the top level in the 24 Hours of Le Mans and the broader World Endurance Championship, replacing the LMP1 hybrid class in which Toyota is currently the only participant.