A Mercedes -AMG hypercar is in the works and will feature race car technology .

Evo reports that a source within the Mercedes-AMG Petronas F1 team has confirmed that the German automaker is working on a hypercar and it is actually entering the final stages of its design before development begins. Late last year, Mercedes-AMG admitted that a mid-engine hypercar was a possibility, especially now that the Mercedes-AMG GT and its hardcore GT R variant are complete.

If the hypercar does become a reality, expect it to be revealed in 2017, just in time for AMG to celebrate its 50th anniversary.

It will be powered by the 1.6-liter turbocharged V6 engine used in the current Formula 1 race car, taking advantage of an energy recovery system to help generate anywhere from 1,000 to 1,500 horsepower. It’s unclear if Mercedes will expand the motor to a 2.0-liter mill since it won’t have to meet any sort of motorsport regulations in a production car.

Power will also be generated by a pair of electric motors with 160 hp a piece, one at each front wheel. Expect the hypercar’s design to be very aerodynamic, similar to the Aston Martin Red Bull collaboration . It will, of course, be lightweight and packed with plenty of carbon fiber and aluminum .