Ahead of its world debut at the Geneva Motor Show 2015, a new video showing the production-spec McLaren P1 GTR has been released.

The McLaren P1 GTR is inspired by the P1, the brand’s luxury hybrid supercar. But this new version is even more powerful, as the British manufacturer is touting over 1000hp under the hood.

Most of the car’s components were designed with competitive racing in mind. The steering wheel, for example, is based on the one in the MP4-23, which Lewis Hamilton piloted to an F1 World Drivers’ victory in 2008.

Thanks to multiple customizable commands, the driver can keep both hands on the wheel while adjusting the car’s settings. The seats and safety harnesses are designed by DTM, the German touring-car series.

The McLaren P1 GTR is slated to enter production in mid-2015 and will sell for around £2 million (around $3 million). At this price, each customer will have the opportunity to customize the car and to take part in exclusive events, including six dedicated races on F1-approved tracks.

The choice of the GTR initials is significant: these three letters entered automotive racing history in 1995, when McLaren entered the Le Mans 24 Hours race for the very first time and won with the F1 GTR.