McLaren has recently unveiled the new 750S supercar, defined in official press materials as “the lightest and most powerful series-production McLaren.”

And we believe it. This V8-powered, rear-wheel driven sequel to the 720S is able to summon 740 BHP and 590 lb-ft of torque. Not only that, but a dry weight of just 2,815 lbs– combined with the engine and 7-speed transmission– enables a 0-60 mph sprint of 2.7 seconds.

Go a bit farther and a 0-124 mph send can be done in 7.2 seconds, 7.3 if you’re cruising in the spider. Yes, the 750S can be had in either coupe or convertible form. Speaking to that, the Spider features a retractable hard top and weighs only 108 lbs heavier than its coupe sibling. Looking at the coupe again, it weighs 66 lbs less than the 720S, made possible in part by the carbon fiber monocoque construction. There’s plenty of other CF bits, like the shelled racing seats and the active rear wing. It takes all of the carbon fiber and lightweight options in order to achieve that 2,815 weigh-in. Top speed on both the coupe and Spider is ranked at 206 mph.

The engine is a twin-turbocharged 4.0-liter V8 and, as mentioned, it’s paired up to a 7-speed transmission. The latter sees some optimized gearing and a revised kickdown control. Of course, the computerized brains behind the whole ordeal are also deserving of credit; the Protective Chassis Control linked-hydraulic suspension, for example, is of a new generation, and is said to deliver “higher levels of suspension performance.” The springs are softer upfront and stiffer in the rear (when compared to the 720S). Combined with various suspension tuning, it’s said to benefit comfort, control and steering feedback. This is also where 4.4 lbs of those weight savings were made.

And back to that again, another trimming can be found in the wheels. The new 10-spoke wheels are forged to be “ultra-lightweight,” so much that they become the lightest ever fitted as standard on a series McLaren and add up to 30.4lbs of savings over the 720S. They are wrapped by track-focused Pirelli P ZERO Trofeo R tires, and behind them are carbon ceramic brake discs; 6-piston calipers clamp down on the front, with 4-piston units flanking in the rear.

Moving inside there are, unsurprisingly, additional reductions made by the lighter windshield and even the driver instrument display. The whole cockpit is driver focused and, despite the raw sport potential, is crafted with certain creature comforts in mind. That includes Apple CarPlay on the Central Information Screen, so you can listen to your dedicated track playlist, should you have one.

There’s a lot more to talk about regarding the McLaren 750S, but these are the highlights. And as one final cliff note, let’s talk price: The 750S coupe will be available for $324,000, with the Spider commanding a tad more at $345,000. Prospective buyers will also need to fork up $5,500 for transportation charges and the Americas Accessory Pack– another $2,240.