By the time Koenigsegg was wrapping up this year’s Pebble Beach appearance, the company had sold out of its new limited-production model, the CC850. Koenigsegg had planned to build 50 examples of the CC850 before retiring it, but high demand saw the company add another 20 examples to the production array before discontinuing the model.

Outfitted with the latest evolutionary generation of the Light Speed transmission — which first appeared in the 1,600-horsepower Jesko, a model the company revealed at Monterey in 2019, to similar appreciation — the CC850 is the latest hyper-exclusive and very pricey road-legal devastator to emerge from the Swedish firm, a series of singular expressions of the fleeting present tense the company refers to as ‘megacars’.

The company’s general press release on the model refers to it as a case of ‘reimagined homage’; the homage referent is Koenigsegg’s first production model, the CC8S. But the technology takes off from the Jesko and Jesko Absolut. The transmission’s Engage Shift System continues the Jesko’s Light Speed gearbox; it’s paired with a clutch pedal to become a sort of hybrid six-manual or nine-automatic that lets drivers change styles while underway.

The CC850’s flywheel-free engine — a 5.0L V8 biturbo — also emerges from the Jesko. In the case of the CC850, the engine delivers 1,185 horsepower when gas is in the tank; if E85 is used, an additional 200 horsepower is eked from the plant. Finally, like the ONE:1 model from eight years ago, a 1:1 weight-to-power ratio is achieved.