Meet the $1.3-million Ferrari LaFerrari, the company’s fastest model ever. According to FOX News, it features a Formula One-derived hybrid-kinetic energy recovery system (HY-KERS) that supplements its 6.3-liter 789 hp V12 engine with a battery-powered 160-hp electric motor powering the rear wheels for a total output of 949 hp and 663 lb-ft of torque. Continue reading for a video, more pictures, and additional information.

Weighing a mere 2800-pounds and equipped with a super quick seven-speed dual-clutch automatic transmission, Ferrari says the LaFerrari will accelerate to 186 mph in 15 seconds and hit a top speed of over 217 mph.

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