Jaguar today said it will build the C-X75 hybrid supercar as a halo car for the brand.
The British sports car maker will make 250 examples of the C-X75, which stole the spotlight at the 2010 Paris auto show.
The car will be priced between 700,000 pounds ($1.2 million) and 900,000 pounds ($1.5 million) depending on the local market and taxes.
Jaguar said the C-X75 will use advanced technology to deliver low CO2 emissions of less than 99 grams per kilometer while being able to achieve in excess of 200 mph (322 kph).
"The C-X75 received an incredible reception as a concept car. We've been building on that momentum and there is a clear business case for this exclusive halo model," Adrian Hallmark, Jaguar brand director, said in a statement.
Jaguar will develop the C-X75 in association with the Williams F1 racing team who will provide engineering expertise in areas including aerodynamics, carbon composite manufacture and hybrid technologies.
The company said the supercar's chassis will be made of carbon-fiber to create a lightweight but rigidly strong structure.
The roadgoing C-X75s will not have the micro-turbines that featured in the C-X75 concept in Paris, but the company said it will "develop this very advanced technology as a medium-term aspiration that will play a part in Jaguars of the future."
The C-X75 will use a small-capacity, highly-boosted internal combustion engine with one powerful electric motor at each axle. It will have a 31 mile (50km) range when driven only under electric power.
Jaguar said the supercar will be one of the fastest production cars in the world, with a sub-three second 0-60mph time.
The C-X75 will be built between 2013 and 2015 and create more than 100 jobs in the UK, the company said.