Aston Martin and Red Bull are showing off their new hypercar, the AM-RB 001, for the first time today. This won't be a fully working vehicle, but it'll be our first glimpse of what the car will look like. According to Aston Martin boss Andy Palmer, the company is "70% to 80% there in terms of appearance," and will be ready with working prototypes by spring next year before a full launch in 2018. You can watch the live stream from Aston Martin's headquarters below:

LIVE on #Periscope: AM-RB 001 unveiling at Aston Martin headquarters https://t.co/alwMHyYxpV — Aston Martin (@astonmartin) July 5, 2016

Not much is known about the technical details of the car, but it's expected to be petrol-electric hybrid, using similar electric motors and energy recovery systems to those found in World Endurance Championship and F1 cars. It's thought the car will retail for between £2 and £3 million ($2.65 and $3.98 million), with the unveiling today aimed at superrich prospective owners, as much as members of the press.

Aston Martin design chief Marek Reichman told Autocar that the design of the vehicle was "incredibly pure, incredibly simple." He told the publication: "Most of the customers that see it just say: ‘Wow, I didn’t expect this. Isn’t it beautiful?’" Hopefully the AM-RB 001 will live up to these expectations.