The name was selected to highlight the fact that the car is the first production vehicle produced by the company to include a hybrid supercapacitator component.

The suffix FKP 37 is related to the initials and birth year of the late Volkswagen Group chairman Ferdinand Karl Piëch.

Other modifications to the engine include the addition of titanium intake valves, a reconfigured ECU and a new exhaust system raising the power output to 576 kW (784 PS; 773 hp).

The engine is connected to a 7-speed automated manual transmission[5] and the car employs an electronically controlled all-wheel-drive system with a rear mechanical self-locking differential for improved handling.

A transparent "Peroscopio" glass panel runs from the centre of the roof and rolls back into the slatted engine cover adds light and visibility for the occupants, and the six hexagonal taillights are an inspiration from the Countach.

The leather upholstery is from Poltrona Frau, an Italian furniture company and 3D printed parts are used on the interior for the first time.

The car was officially unveiled to the public at the 2019 Frankfurt Motor Show configured in a unique "electric gold" paint.