Ferrari presented a luxury car with a difference on Wednesday — a hybrid model that can cruise silently through city streets on electric power as well as hitting a top speed of 340 kph.

Fitted with a 1,000 horsepower engine developed from those used in Formula One, the new four-wheel-drive SF90 Stradale hybrid sports car was proudly displayed at the company's historic base in Maranello, near Modena, in northern Italy.

Chief Executive Louis Camilleri described the new car as "astounding, fast and completely revolutionary."