Aston Martin chief executive Andy Palmer has confirmed that the automaker’s upcoming ‘003’ hypercar will use a V6 turbo engine supplemented by a hybrid system.

Speaking to Auto Express, Palmer revealed that the ‘003’ will slot below the Valkyrie in Aston Martin’s line-up but above the firm’s Ferrari 488 GTB and McLaren 720S competitor. Consequently, it will have the grunt to match vehicles like the LaFerrari and Porsche 918 Spyder.

“In the Valkyrie it’s a naturally aspirated V12, and in the 003 it’s a turbocharged V6,” Palmer said. “There will be hybrid power in there, but very much tuned from a KERS perspective than a normal hybridization perspective – think of it as race tuned.

“Obviously it’s a new engine, designed by Aston Martin, so we’re demonstrating that in that V12 arena we have mastery, so V12 and V6 are obviously closely related,” Palmer said.

Although a hybrid turbo V6 won’t be as evocative as the Valkyrie’s naturally-aspirated V12, it will deliver enough performance to compete with the upper-echelon of exotics.

The ‘003’ has been dubbed ‘Son of Valkyrie’ in the past and is set to be manufactured in both left- and right-hand drive configurations. Just 500 units will be produced with pricing somewhere in the realm of seven figures.

From a design perspective, the new Aston Martin hypercar will share an obvious lineage with the Valkyrie, but be more suited to street driving.

Note: Aston Martin Valkyrie pictured