Bugatti has sold its final Veyron, which means full attention for the crew at the brand’s headquarters in Molsheim, France has turned to the car’s successor, a new supercar tipped to be called the Chiron and packing a hybrid system. Prototypes have been spotted in the wild. They reveal a familiar shape, though most of the details remain heavily masked.

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What we do know is that the Veyron successor will feature a lighter and more rigid version of the carbon fiber monocoque chassis (with aluminum subframes) of the Veyron, along with the Veyron’s existing quad-turbocharged 8.0-liter W-16 engine and seven-speed dual-clutch transmission. Though hybrid technology is planned, it’s been revealed that there will be two performance levels for the car, and it will be the more potent version packing the hybrid system.

The information was revealed by Volkswagen Group CEO Martin Winterkorn in an interview with Germany’s Bild. It’s expected that with the hybrid system, believed to be an electric motor sandwiched between the engine and transmission, the output of the Veyron successor will approach 1,500 horsepower. The most powerful version of the Veyron, the Super Sport, has 1,184 hp on tap.

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The Veyron successor is due to go on sale late next year.

In his same interview with Bild, Winterkorn also revealed details about plans for a new entry-level familiar of cars—a hatchback, sedan and SUV—with prices that start from just 8,000 euros (approximately $8.932). Designed primarily for Asian markets, the new budget cars will likely be manufactured in China to keep costs as low as possible.

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