A prototype, new rendering, and an update on the Aussie-built Joss JP1 supercar was revealed at the Australian International Motor Show in Melbourne today. The story inside.

Aussie supercar builder Joss Developments Limited revealed new renderings of their tentatively-named JP1 supercar, painted red, to audiences in Melbourne. Introduced alongside the matte black JP1 prototype, company reps made the surprise announcement that the car will be capable of hitting 360 km/h (224 mph). That's a full 20 km/h (12 mph) faster than previously reported.

Other than that, the car was mostly as expected when it was shown off at the Australian International Motor Show in Melbourne today. The company said they will build 25 production units when it eventually comes to market.

The JP1 makes use of a 500-horsepower (373 kW / 507 PS) aluminum V8 with a 6.6-liter displacement hooked up to a Albins Zeroshift Automated Manual Transmission (AMT). This gives the car a sub-3.0 second 0-100 km/h (62 mph) time and a 0-160 km/h (0-100 mph) time of just 6.0 seconds.

Pricing for the vehicle had previously been set at AU$500,000 ($526,000 / €369,000).

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Joss JP1 revealed