Great Wall Motor, the Chinese manufacturer of the Ora 03 and Haval Jolion Pro, is poised to take on the Ferrari 296 and McLaren Artura with a new flagship supercar.

The surprising news was revealed by company chairman Wei Jianjun, who posted a photo on China's Weibo social media platform to mark the 35th anniversary of Great Wall Motor (GWM), showing the company bosses gathered around the cloaked silhouette of what is obviously a sleek, mid-engined supercar.

Earlier this year, GWM's chief technology officer Wu Huixiao confirmed to Chinese media that the firm had been working on a supercar for five years, revealing that it has a carbonfibre tub and promising that it "will be better" than European rivals, after Jianjun was seen driving a Ferrari SF90. 

Hebei-based GWM is one of China's oldest and largest vehicle manufacturers, having delivered 1.23 million vehicles globally last year. Along with the Ora and Haval marques it sells here, it owns pick-up manufacturer Poer (due in the UK soon), premium crossover brand Wey and Tank, an off-road SUV maker.

The supercar is expected to be the first model from a newly established range-topping brand called Confidence Auto, which will be positioned far above GWM's existing brands as a rival to compatriot BYD's Yangwang marque – itself set for an imminent European rollout.  

More specifically, GWM's supercar will be a close rival to the Yangwang U9, a 1250bhp, 240mph super-EV that can jump on the spot and has gone around the Nürburgring in 7min 18sec – making it one of the fastest production EVs at the German track.

GWM has yet to offer any indication of how its new flagship stacks up against the U9, but it could be among the first models to use the company's new self-developed 4.0-litre V8, which it revealed at the Shanghai motor show earlier this year. 

Aside from confirming that it uses a pair of turbochargers, GWM has yet to reveal any specifications of its new V8, but reports suggest it could put out as much as 600bhp and 590lb ft on its own. 

The supercar's combustion motor, though – whether the V8 or perhaps GWM's older V6 – will be part of a performance-focused plug-in hybrid powertrain, similar to the McLaren Artura, Ferrari 296 and Lamborghini Temerario, so its total outputs will be far greater. 

GWM has yet to confirm a reveal date, but the Guangzhou motor show – one of the biggest events on the Chinese automotive calendar – takes place at the end of November.