Swedish hypercar maker Koenigsegg is making a new “affordable” supercar with a smaller V8 engine that still packs plenty of power.
Affordable for Koenigsegg seems to mean a completely different thing than what it means for basically everyone else in the world. When you’ve only ever made $2 million hypercars, suddenly making a $1 million hypercar looks like you’re holding a fire sale.
Earlier this month, Koenigsegg announced a strategic partnership with National Electric Vehicle Sweden AB, a Swedish electric carmaker that would take $320 million minority stake in the company. The joint venture would increase Koenigsegg’s production capacity by allowing them to use NEVS’s facilities and it would provide Koenigsegg to the latest and greatest in Swedish automotive electrification.
It also would allow them to move into other market segments, which is something the Koenigsegg would very much like to do. Currently they make around 20 $2+ million hypercars per year, and they’d like to get that up to around 100 cars per year instead.
According to Carbuzz, to do that they’ll make a somewhat cheaper car slotted below their current fleet and charge roughly half-price for it. That’s around $1.14 million, which sounds like a steal compared to the Regera’s $2.2 million sticker price.
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"We’ve been looking to expand our offering because basically, our brand has outgrown our production volumes by quite a big margin,” Christian von Koenigsegg told the publication. "We have several years of delivery time on the super-exclusive hypercars we’re building today. But we do think if we make a super-exclusive, custom built supercar at a slightly lower price (that’s the €1m mark) we could get the volumes into the hundreds.”
Koenigsegg plans for the $1 million car to be carbon neutral but still use internal combustion thanks to a hybrid powertrain and an engine that burns pure alcohol. We’re not sure how Koenigsegg plans to sell 100 cars that burn an exotic fuel, but it certainly sounds cool.
Other deets include a 2.9-L V8 engine with 1,050 hp and an aluminum/carbon fiber body. It also won’t have a traditional camshaft, but instead will have an "electronically-controlled valve actuators, called 'freevalve' technology.”
Don’t expect anything until 2020 at the very earliest. In the meantime, Koenigsegg will unveil the replacement to the Agera RS at the Geneva Motor Show next month. Expect that to be around $2.5 million as with every other Koenigsegg made.
NEXT: KOENIGSEGG REGERA GETS FACELIFT WITH LIGHT, HAND-POLISHED CARBON FIBER