PICS:Ferrari unveils first hybrid supercar FXX K

Ferrari will unveil the incredible FXX K, the luxury sports car company's first hybrid supercar. The world-class automobile will be unveiled this weekend at Abu Dhabi’s Yas Marina circuit as part of Finali Mondiali, Ferrari’s annual celebration of the end of the motorsport season.

Performance wise, the FXX K is a monster with 1,035 horsepower from a conventional V12 engine and electric motor. There's a seven-speed dual-clutch transmission, linked to a pair of electric motors and a lithium-ion battery pack. It offers an astounding 663 pound-feet of torque, outperforming similar elite sports cars such as the McLaren P1 GTR’s 986 hp.

The “K” in the vehicle's name stands for KERS ( Kinetic Energy Recovery Systems). These two-motor advanced systems have been used in Formula One, but never so aggressively used in a production car like this. One motor drive the wheels and recovers kinetic energy during braking, while the second acts as a generator to keep battery charge up and to power electrical accessories.

LaFerrari’s HY-KERS system also gets four new modes that enhance performance based on the situation. "Qualify" provides maximum performance for short durations, “Long Run” adds endurance, “Manual Boost” gives the car an instant jolt of torque that's effective for a lane pass and “Fast Charge” focuses power to recharging the car's battery.

The FXX K can be yours for $2.2 million, but for that price you actually don't own it. The vehicle is a member of Ferrari's XX family, which loans developmental prototypes which are not street legal to ultra-rich car enthusiasts. The owners race these supercars on tracks during private sessions that Ferrari transports the vehicle to or at Ferrari events. Then the cars go back to Ferrari where they perform maintenance and upkeep the vehicles under the company's Corse Cliente program.

 The numerous eye-popping body modifications have increased downforce by up to 50 percent, nearly 1,200 pounds of downforce at 124 miles per hour.

Electronically, the FXX K is state-of-the-art including programmable E-Diff electronic differential, F1 Trac traction control, high-performance ABS and Racing SSC (Side Slip Angle Control) that is specially calibrated to suit the car's tires.

Speaking of tires, even the Pirelli slick tires are high tech. They feature embedded sensors that monitor longitudinal, lateral and radial acceleration, as well as temperature and pressure.