Lexus is venturing out of the world of cars and is about to launch a luxury yacht named the LY 650.

Teased in a press release and a short video, the yacht will be built, sold, and serviced by Marquis Yachts based out of Wisconsin in the United States. Lexus says the LY 650 will pick up from where its 2017 Sport Yacht Concept left off.

A number of renderings of the yacht were released by Lexus last year, revealing that it will have some similarities with the Sport Yacht Concept. However, the LY 650 will be significantly larger, measuring 65 feet compared to the 42-foot concept.

Also Read: Lexus LY 650 Luxury Yacht Aims To Be The LS Of The Ocean

The LY 650 will use a pair of 800 HP IPS engines and have a fuel capacity of 1,000 gallons (3,785 liters) and a water capacity of 225 gallons (852 liters).

Lexus has not said when production of the yacht will commence nor how many units it intends to build and at what price. What has been confirmed is that the first example will make its global debut in the second half of 2019.

The Japanese car manufacturer is far from the only company to go into the world of luxury yachts. In early 2017, Porsche Design unveiled its Dynamiq GTT 115 superyacht worth a cool $13.2 million. That yacht was significantly larger than the Lexus LY 650, though, hence its eye-watering price tag.