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The successor to the Bugatti Veyron has finally made its debut.

Unveiled at the 2016 Geneva Motor Show, the Bugatti Chiron is a 1,500-horsepower monster thanks to an 8.0-liter quad-turbocharged W16 engine that also has 1,180 pound-feet of torque. That means it has over 300 hp more than its predecessor and is the first production car to hit the 1,500-hp mark.

The French automaker claims the beautiful Chiron goes zero-to-60 mph in under 2.5 seconds and can hit 186 mph in just 13.6 seconds.

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Built around a carbon fiber monocoque, the Bugatti Chiron will be limited to 500 units and each one will cost a minimum of €2.4 million. The company also announced at the 2016 Geneva Motor Show that one third of the production is already reserved.

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