After a round of teasers, the Mercedes-AMG Project One hypercar project has been partially sighted – its underpinnings have been showcased just prior to this year’s Nürburgring 24 Hour endurance race. Project One is about as close as one gets to a current, road-legal Formula 1 car, as it uses powertrain derived from the company’s 2015 F1 racer, also powered by a 1.6 litre turbocharged V6 engine with electric drive.

Where the power unit on the W06 F1 racer it is based on revs to 13,500 rpm and idles at 4,000 rpm, the one in the road-going Project One car is pegged back to 11,000 rpm. The road-going car will also use more traditional construction for its engine, while different pistons, crankshaft and electrical systems for a thermal efficiency of 43%, Mercedes-AMG told Road&Track.

The internal combustion engine is mated to two electric motors – a 107 hp unit is charged with keeping the turbocharger spooled up on boost at all times, and another 161 hp motor is installed on the crankshaft.

Up in front, a pair of 120 hp motors drive the front axle in pure EV mode, with a projected range of around 24 km. It all comes together for a total system output of over 1,000 hp, and like the F1 car, both engine and gearbox will be a structural part of Project One’s chassis.

Currently, Mercedes-AMG only have a drivetrain and a chassis mule, and the company intends to commence real-world testing as soon as possible, said Mercedes-AMG boss Tobias Moers. Once production starts, the company aims to produce the resulting Project One road car at a rate of one per day, until the final unit is delivered by end 2020. All of the projected 275 units have been spoken for.