Hennessey Performance has chosen this year’s SEMA Show to unveil the new Venom F5, the successor to the Venom GT and contender to be the fastest car in the world.

To attain that title, the Venom F5 will have to defeat one of the biggest names in the business – Bugatti. Much like how the Venom GT went head to head against the Veyron, the Venom F5 will have to beat the Chiron in terms of outright top speed.

Big power is a necessity here, and it seems John Hennessey’s new baby will be fitted with a twin-turbo V8 that delivers more output than the Chiron’s 1,500 PS 8.0 litre quad-turbo W16 engine. A Top Gear UK interview with the man reveals the Venom F5’s engine will be paired with a single-clutch automatic with a six-speed manual being an option.

Unlike the Venom GT that is based on the Lotus Exige, the new car will feature a carbon-fibre tub along with its own unique chassis, design and aerodynamic package. Put together, the end product is claimed to weigh nearly 500 kg less than the nearly two tonne Chiron (kerb weight).

“I think something in the 290 mph (466.71 km/h) range will be possible,” said Hennessey. That is a big number, one that dwarves the 431.072 km/h set by the Veyron Super Sport, the current Guinness World Record holder.

The Chiron is electronically limited to a top speed of 420 km/h, and the company won’t attempt to test its unrestricted top speed until 2018. So, which car do you think will take the top speed crown?