This story originally published on August 24, 2018.

Monterey, California (CNN Business) Lamborghini introduced an even more powerful, faster and pricier version of the exotic V12-powered Lamborghini Aventador at an event in California on Thursday night.

Called the Lamborghini Aventador SVJ, its engine is tuned to produce as much as 770 horsepower. It can go from zero to 60 miles an hour in easily under three seconds and take turns faster. Even before it was officially introduced to the public, it set the record for the fastest lap by a factory production car at Germany's famous Nürburgring-Nordschleife track, considered one of the most challenging courses in the world.

Only 900 of the cars will be made at a price of $518,000 each.

The Aventador SVJ is essentially an improved version of the "regular" Lamborghini Aventador S, which has a 729 horsepower V12 and costs about $100,000 less.

The SVJ stand for Super Veloce Jota. Super Veloce means "super fast" in Italian. Jota was a name first given to a one-of-a-kind extreme performance version of the classic Lamborghini Miura back in 1970. It's Spanish for the letter J and, in this case, it refers to Appendix J of the FIA racing handbook, which laid out regulations for sports cars and grand touring cars. (The FIA, the Fédération Internationale de l'Automobile, is an organization that oversees a variety of car races.)

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