It’s been speculated for the past several months but today we finally got confirmation that Jaguar’s stunning C-X75 concept car is headed for production and due for launch in late 2013. In a press conference early this morning, Jaguar confirmed that together with the Williams Formula 1 team it would build the supercar, though without the ultra-cool jet-turbine based hybrid system we saw in the original concept.

Instead, the production version of the C-X75 will feature a powerful but fairly conventional plug-in hybrid system consisting of a downsized internal combustion engine linked with two electric motors in a parallel hybrid setup.

Three different driving modes will be available: pure electric mode with a range of up to 30 miles, hybrid mode where the internal combustion engine works in parallel with the dual electric motors, and finally track mode where everything is turned to the max.

In this latter setting, Jaguar promises a 0-60 mph time of less than 3.0 seconds, a 0-100 mph time of less than 6.0 seconds and a top speed in excess of 200 mph.

Despite this world-beating performance, Jaguar also promises that the C-X75 will offer similar fuel economy to a current plug-in hybrid sedan, which means we could be seeing combined gas mileage of around 40 mpg or better.

Of course, a car this stunning was always going to be expensive. Exclusivity will be the name of the game here, and in keeping with this theme only 250 examples of Jaguar’s new supercar will be built--both for road and track use--between 2013 and 2015. As such, pricing will be high, with initial estimates set at £750,000 (approximately $1.23 million).

For more details, follow the jump below.

[Jaguar via MotorAuthority]


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