Rumors abound surrounding Ferrari’s new hybrid offering, codenamed the F171. The latest comes by way of Car Magazine, which claims through an unconfirmed report that the new V-6-powered hybrid Ferrari will have a combined output approaching 700 horsepower, including 110 horsepower coming from the electric motor. The new hybrid supercar is also rumored to be called the Ferrari 486.

A lot has been made about Ferrari’s electrification intentions. One of the models that’ll come out of those plans this year is the Ferrari Purosangue SUV. Another one is the mid-engined F171 that’ll come with a hybrid setup featuring an electric motor and a new 3.0-liter twin-turbo V-6 engine.

The F171 will serve as a mid-level model until Ferrari’s other hybrid models come into focus.

Performance figures also haven’t been announced, though the electric motor, which will be mounted parallel with the engine, will come with an all-electric range of just 15 to 20 miles.

The F171’s build is a primary source of focus for Ferrari, both now and for the future. According to Car Magazine, Ferrari will use a variety of materials — mostly aluminum — on the F171s chassis. Car Magazine}. The lightweight nature of the chassis will help offset the weight of the supercar’s hybrid system.

The new hybrid will also come with a suite of next-generation driver-assist electronics. Ferrari is known for developing some of the best driver-assist technologies among automakers in its class. Integrating these systems, including slide control, rapid steering, and brake assist, into the F171 will be a top priority for Maranello.

The Ferrari F171 is due to arrive in late 2021. Ferrari will eventually drop the internal codename, and the rumored "486" name will take its place.