Peugeot has opened the order books for the new 508 PSE (Peugeot Sport Engineered) in Germany, where it is available in two body styles.

The liftback model has a starting price of €66,640 (equal to $80,918), including tax, and the station wagon can be bought from €67,940 ($82,496). By comparison, the 374 PS (369 HP / 275 kW) BMW M340i xDrive, which does the 0-100 km/h (0-62 mph) in 4.4 seconds, starts at €63,000 ($76,498).

Review: Peugeot 508 PSE – What’s The Brand’s Most Powerful Production Car Like?

The 508 PSE combines a turbocharged 1.6-liter engine with two electric motors, for a total output of 360 PS (355 HP / 265 kW) and 520 Nm (384 lb-ft) of torque. It uses an eight-speed automatic transmission and has all-wheel drive thanks to an electric motor driving the rear wheels, with the French automaker claiming a 0-100 km/h (0-62 mph) sprint time of 5.2 seconds and a 250 km/h (155 mph) top speed.

The 11.5 kWh battery that can be charged in less than 2 hours at a 7 kW wall box gives it an all-electric range of 42 km (26 miles). The hybrid returns 2 l/100 km (117.6 mpg US) combined on the WLTP cycle and emits 46 g/km of CO2.

Built at the Mulhouse factory in France for the European market, the 508 PSE boasts an exclusive body kit, with a new front bumper with winglets, a different grille, side skirts and a diffuser with cutouts on each side for the exhaust pipes. It also gets 20-inch wheels, three paint finishes (Selenium Grey, Nera Black and Pearl White), bespoke upholstery inside, a 10-inch infotainment system, i-cockpit, head-up display, premium audio and heated seats with massage function for the driver.

Standard equipment also includes features such as the adaptive cruise control with stop & go function, automatic emergency braking, lane departure warning and night vision.

Note: Due to a slip of the tongue (or rather fingers), it was initially stated that the powertrain drove all four wheels through the eight-speed transmission, whereas – as some of you have correctly pointed out – the rear ones are driven by an electric motor. The article has since been amended.