The new Nissan GTR-50 by Italdesign made its world debut at the Goodwood Festival of Speed, giving us the first proper look at its sharp bodywork styling.

The concept is a collaboration between Nissan and Italdesign for the 50th anniversary of both companies. Depending on feedback, the GTR-50 could enter a very limited production run of no more than 50 units, priced at around 900,000 euros (a little over $1 million) each.

The car is based on the latest GT-R Nismo but it features a completely new bodywork and interior design, penned by Italdesign. Highlights include the thinner headlights, a lower roofline, a steeper rake for the rear window and the twin-floating taillights with hollow centers. The two-tone paintjob combines Liquid Kinetic Gray with Energetic Sigma Gold accents.

The interior gets a new dashboard and features two different carbon fiber finishes, as well as matching gold detailing and a pair of carbon-shelled bucket seats.

The reworked twin-turbo 3.8-liter V6 engine produces 710hp (720PS) at 7100rpm and 575lb-ft (780Nm) between 3600 and 5600rpm, thanks to the addition of larger turbos from the GT3 race car and heavy-duty internals.

“The Goodwood Festival of Speed is the ideal setting to showcase the Nissan GT-R50 by Italdesign, which combines power and artistry to celebrate 50 years of inspiring the dreams of our customers,” said Alfonso Albaisa, Nissan’s senior vice president of global design.

“Just like the prototype itself, Goodwood is a celebration of design, performance, a little indulgence and a lot of love of historic and future automotive creativity. It’s the perfect setting to showcase a unique vehicle that will stir the imagination of people to dream even bigger,” he added.