It appears that Peugeot has given the green light to build the high-performance 508 Sport Engineered Concept, CarAdvice reports. This is after company CEO, Jean-Philippe Imparato replied a journalist’s query on Twitter asking if there’s a “slim chance” to build the hot 508, to which the CEO replied “It’s not a slim chance… We ARE going to make it!”

Excited yet? Well, wait till you hear the specs. To start, the high-performance plug-in hybrid sedan is powered by an advanced PureTech 200 engine that’s married to two electric motors. One e-motor makes 112 hp and drives the front wheels, whereas a separate 203-hp (150 kW) unit drives the rear wheels, making it an electric all-wheel drive car.

The electrified powertrain is said to produce a total combined output of 350 hp, although this has yet to be confirmed by Peugeot. However, the French automaker did say it’s capable of a 4.3-second century sprint time before topping out at an electronically-limited speed of 250 km/h. It’s definitely no slouch, then. A 11.8 kWh battery under the floor helps provide an all-electric driving range of 50 km.

Design-wise, the 508 Sport Engineered gets tonnes of sporty bits, such as the redesigned front apron with a 3D-printed valance, designed specifically to channel air into the radiator. Aerodynamics have also been improved thanks to new flaps on the subframe, and the quarter panels also feature tiny winglets (accompanied by GT Line and GT monograms) to further smoothen air flow. This seemingly hazardous design trait may not make it to production, for obvious reasons.

Other exterior upgrades include a specially designed Selenium Grey paint that changes under various lighting conditions, carbon-fibre door mirrors and a more aggressively-designed front grille, as well as anodised Lion badge that was first seen on the e-Legend concept.

For the cabin, the 508 concept gets leather/Alcantara sports seats with contrast Kryptonite overstitching, a Sport Engineered-themed 12.3-inch fully-digital instrument panel, asymmetrical compact steering wheel, touch-sensitive gear lever, as well as an “all Kryptonite” 10-inch high-res touchscreen.

Again, the introduction of this 508 Peugeot Sport Engineered concept signals the start of a very important year for the French automaker. Groupe PSA targets to electrify every single model for all five of its brands by 2025, and the electrification push will involve the Common Modular Platform (CMP) and Efficient Model Platform (EMP2) architectures. The 508 is based on the EMP2 platform. Peugeot will also introduce its first commercial Battery Electric Vehicle (BEV) model later this year.