The Jaguar C-X75 promised to be the modern-day successor to the XJ220, but it fell victim to the Great Recession and never went into production.

Jaguar reportedly hasn’t given up on the idea of a high-performance sports car as Auto Express is reporting the company is working on a radical replacement for the F-Type. Everything should be taken with a grain of salt, but the publication claims the mid-engine model will be launched around 2022 and could wear the J-Type moniker.

At first glance, this seems like the company is working on a closer competitor to the Porsche 718. However, the publication says the car has much higher targets including models from McLaren. Auto Express even quotes “high-ranking technicians working on the project” as saying the car is being benchmarked against the Acura / Honda NSX.

That seems like an odd car to choose, but it’s a natural candidate as the J-Type will reportedly have a hybrid powertrain. Specifications haven’t been finalized, but the publication says the model will likely use a V6 engine as well as at least two electric motors. This setup would give the all-wheel drive car a rumored output of at least 550 hp (410 kW / 557 PS).

That doesn’t sound like much in era where hyper cars are producing more than 1500 hp (1118 kW / 1520 PS), but it would make the model more powerful than the entry-level Audi R8.  It would also be on par with the McLaren 570S.

There are also rumors about an electric variant and Jaguar is reporting watching the reaction to the Porsche Taycan. Of course, that particular model is still about a year away from being launched.

Note: Jaguar C-X75 pictured