Ferrari is working on an all-new hybrid V6 powertrain and, according to a new report, it could pump out as much as 723 HP (733 PS).

News of a hybrid V6 from Ferrari is nothing new, as the late Sergio Marchionne had already confirmed last year that the carmaker was indeed developing such a powertrain. However, details about what vehicles it will be fitted to remain murky.

According to Car Magazine, a new-age Dino supercar is one possible candidate. Rumors about such a model have been swirling for years but so far, Ferrari has yet to even hint at building such a model.

If it gets greenlit, it will allegedly be offered in two guises. The entry-level model could use the new 2.9-liter V6 twin-turbo without any form of electrification, for an output of 610 HP and 443 lb-ft (600 Nm) of torque, while the hybrid would churn out 723 HP and up to 800 lb-ft (1084 Nm).

However, those figures may be a little ambitious, as the supposed entry-level supercar would be more more powerful than the recently unveiled, mid-range F8 Tributo.

On the other hand, Ferrari is developing a new model to sit above the F8 Tributo, but this will allegedly be powered by a twin-turbo V8 hybrid and not a V6. One other possibility is that the hybrid V6 powertrain will premiere in the upcoming Purosangue SUV that’s expected early in the next decade.

Whatever the case may be, it is clear that Ferrari is taking electrification very seriously and is planning a number of exceptionally fast hybrids. With the rest of its ICE engines having adopted forced induction, though, we are happy they will at least keep their venerable naturally aspirated V12 as well even if it’s electrified like in the LaFerrari hypercar.