It has emerged that the successor to the mighty Veyron, the Bugatti Chiron, will arrive with a starting price of 2.2 million euros ($2.45 million in the U.S.)

That is approximately $1 million more than the initial price of the Bugatti Veyron. Of course, later Veyron models and all the special edition variants, cost well over $2 million. Considering the Chiron will also be available in a number of guises and versions throughout its life, eventual prices could seemingly exceed $3 million.

Private viewings for the Bugatti Chiron have already been held at the company’s Molsheim headquarters with a number of deposits having already been placed. Unlike the Veyron which was limited to 450 units, Car Magazine suggests that a total of 500 Chirons will be produced.

According to inside sources, the Chiron will feature the same basic quad-turbocharged 8.0-litre W16 engine as the Veyron. However, boost will be increased and at least two of the turbos will be electrically driven units. As a result, the new French hypercar should pump out 1500 hp and consequently be capable of hitting 100 km/h in just over 2 seconds before topping out at over 450 km/h. The revised seven-speed dual clutch transmission and all-wheel drive system featuring torque vectoring will also aid in achieving these numbers.

Earlier in the month, the company’s chief executive Wolfgang Durheimer revealed that the Chiron will be more usable on the track than the Veyron.