Ferrari is getting ready to reveal a new mid-engine supercar with a hybrid powertrain that combines a twin-turbo V8 with an electric motor.

The new supercar will be positioned above the 488 per Ferrari’s official future strategy, which includes the introduction of a “two tier mid-rear engine product range”. Ferrari is planning to reveal the new model as soon as next week according to some rumors but not at the Geneva Motor Show according to AutoNews.

Other rumors suggest that Ferrari will reveal the 488 replacement first at the Geneva Motor Show, followed by the more powerful hybrid supercar’s debut later this year, which we have to say sounds more plausible.

The new hybrid Ferrari will be a regular, series-production model with a regular lifecycle, and will be the first to feature Ferrari’s second-generation hybrid technology. The first one was the limited LaFerrari with its hybrid V12 powertrain.

With the Ferrari 488 Pista already packing 711hp from its twin-turbo V8, it’s pretty easy to wonder what kind of firepower will the new mid-engined hybrid Ferrari will get. Ferrari will want to make a statement with its first series-production hybrid supercar and therefore the horsepower figure could go as high as four digits, surpassing even the LaFerrari.

All we have to do is wait and see what Ferrari has in store for us in the coming weeks, starting with the Geneva Motor Show.