Jaguar has just released word that the C-X75 concept will be developed into a hybrid supercar. The last time the British luxury and sports car maker built a supercar was in 1992, culminating in the Jaguar XJ220.

Jaguar C-X75 will become the British marque's most advanced model to date, promising to offer performance on a par with the fastest production cars on the market. As a hybrid, Jaguar expects this supercar to deliver CO2 emissions lower than 99g/km while being able to achieve 320 km/h, or 200 mph.

"People expect Jaguar to be innovators - that is when Jaguar is at its best," said Adrian Hallmark, Jaguar Brand Director. "The C-X75 received an incredible reception as a concept car. We've been building on that momentum and there is a clear business case for this exclusive halo model. No other vehicle will better signify Jaguar's renewed confidence and excellence in technological innovation than this."

Project C-X75 will be the ultimate expression of Jaguar design and engineering innovation. Jaguar says that this new high-performance hybrid supercar will stay true to the initial concept design study that made its debut at the 2010 Paris motor show, while fulfilling requirements that allow it to be homologated for road use.

The Jaguar C-X75 will be developed in association with WilliamsF1, the latter to provide their engineering expertise in areas including aerodynamics, carbon composite manufacture and hybrid technologies.

"Our new association with Jaguar provides us with an exciting opportunity to work with one of the motoring world's most famous and iconic brands," said Sir Frank Williams, Chairman of Williams F1. "Williams has always considered itself an engineering company and so this project will allow us to combine our technical expertise to create something truly exceptional."

There is no expected release date yet for the production C-X75 hybrid supercar.