Mercedes-AMG took the covers off of its Project ONE on September 11, and not only does the 1,000-horsepower 350-km/h-plus (217-mph-plus) hypercar perform like a street-legal Formula One car, it looks as fast as one, too.

The full specs sheet, revealed ahead of the official opening of the Frankfurt motor show this week, is pretty stellar, particularly the zero-to-200 km/h (124 mph) time of 6.0 seconds.

It pulls off these numbers thanks to a tiny 11,000-rpm 1.6-litre turbocharged direct-injection V6 with four camshafts; an electric hybrid motor linked to that gas engine’s crankshaft; and two lithium-ion-battery-powered 120-kW electric motors attached to the front wheels.

A 90-kW motor fixed to the shaft that runs between the turbocharger’s exhaust gas and compressor turbines also helps out, spooling it up to 100,000 rpm and reducing turbo lag.

The transmission is an eight-speed auto, but a manual paddle-shift mode comes built in, in case you wanted to more directly control how power gets to the 19- and 20-inch ceramic-brake-backed front and rear wheels. The Michelin Pilot Sport Cup 2s measure 285 mm in front and 335 in back, if you’re curious.

On full electric mode, expect about 25 km (15 miles of range)—it’s not exactly a commuter car. If you didn’t get that impression from the outside, you will sitting inside it, where all you have in front of you is a wing-like dashboard, an F1-inspired rectangular steering wheel, and two 10-inch monitors. (The rearview mirror is also a screen.)

As we mentioned above, the thing looks as fast as an F1 car, with several openings to suck in the copious amounts of air that little six needs; a self-deploying front splitter; a central fin behind a roof scoop; and a rear diffuser and two-part spoiler.

The 275 customers who’ve already put down money for every single example to be made – 50 are headed Stateside, but we’re not sure how many will come to Canada – will be shelling out $2.7 million US for the car’s purchase price but, as well as another considerable sum once the car’s comprehensive 50,000-km (30,000-mile) maintenance overhaul comes up.