Oh look – yet another absurdly powerful all-electric hypercar is set to enter the arena, but unlike many, a legit factory is lined up to actually build this thing.

It’s called the Aspark Owl, and the proposed spec sheet means it could well be the quickest of the bonkers electric hypercars set to hit the market in the coming year, such as the Rimac-based Pininfarina Battista and the Lotus Evija.

Sporting a quad-motor electric individual-wheel drive system, Aspark, the Osaka-based engineering firm behind the car, claims that the Owl will produce an insane 1480kW and 2000Nm – numbers that still seem unimaginable in a production car.

Powering these four electric motors is a 1300W lithium-ion battery pack that should store enough energy to see it cover 450km on a single charge – the same range as what the Battista claims it will travel on a charge.

Aspark is currently citing a 0-97km/h (0-60mph) sprint time of a mere 1.69 seconds on street tyres – a claim that is surprisingly believable given its past testing showing that one of the development cars managed a 0-100km/h time of just 1.92 seconds on slick tyres.

Although made entirely from carbon fibre and standing just 99cm tall, the heavy battery pack does mean the Owl weighs in at a chunky 1900kg, but clearly, raw horsepower is enough to overcome the weight issue easily.

While being developed in Japan, Aspark has outsourced production of the Owl to Turin-based Manifattura Automobili Torino (MAT) which is best known for producing the “New Stratos”, which is a gorgeous Lancia-esque rebodied Ferrari F430.

Only 50 examples of the Owl are set to be made, with a list price of a not inconsiderable €2.9 million – which translates to a whopping $4.7 million Australian.

The Aspark Owl is currently on display at the Dubai International Motor Show. Exact delivery dates for the 50 production models are yet to be confirmed. One thing is for sure though – the EV hypercar wars are about to get a whole lot more interesting.