Porsche has announced its 918 Spyder hybrid sports car, the carmaker’s most expensive model ever, will be priced at $845,000 in North America and will be available to buyers in November 2013.

The vehicle, which will be priced at $1.09 million in Europe, will have appropriate production number, 918.

The two-seat Porsche plug-in hybrid will accelerate to 62 mph in 3.2 seconds. It features a 500-horsepower V8 engine and 218-horsepower electric drive system. The car’s lithium-ion battery can be recharged in three hours.