General Motors (GM) has unveiled the next generation of its mid-engine Corvette Z06, which will arrive for the model year 2023 -- two years behind the debut of the Stingray.

“The new Corvette Z06 defines the American supercar,” General Motors President Mark Reuss said in a statement. “It builds on the distinctive design and groundbreaking dynamics introduced with the mid-engine Corvette and elevates them to deliver refined but uncompromising track capability with world-class performance.”

Powering the Z06 is a new 5.5 L LT6 engine that develops 670 horsepower at 8,600 rpm, which GM said is the highest horsepower, naturally aspirated V8 in a production car. The engine has 460 pounds per feet of torque.

The powertrain is mated to an eight-speed, dual-clutch transmission and has a performance package available that provides 734 pounds of downforce at 186 mph for greater track capabilities.

A wider 3.6 inches of stance was integrated with 345 tires and 20-inch front and 21-inch rear wheels to round out the performance car.

More airflow comes from side air vents and added front and rear fascias with a center heat exchanger to improve cooling performance. Speed was also enhanced with a reconfigured rear spoiler and adjustable wickerbill elements for added stability and cornering.

The Z06 is expected to hit 60 mph in 2.6 seconds, which would make it the fastest Corvette that the automaker has produced to date, CNBC noted.

Inside the Z06, carbon fiber trim can be found along with a carbon fiber-wrapped steering wheel, shift paddles, and carbon fiber interior trim packages, and hand-wrapped leather interior options.

The car is available in 12 exterior colors, seven wheel packages, seven interior colors, three seat options, and two interior carbon-fiber trim packages.

“To match its performance, the Z06 is an elevated execution of the eighth-generation design,” said Phil Zak, executive design director at Chevrolet. “From its wide planted stance with sculpted surfaces to its premium and carbon fiber materials, the Z06 instills an aura of raw power and performance with bespoke craftsmanship.”

Production on the 2023 Corvette Z06 will begin in summer 2022 at GM’s Bowling Green Assembly plant in Kentucky.

The price was not revealed at the time of the release of the supercar, but according to CNBC, GM executives suggested that the pricing would be comparable to a 44% premium to the last Z06 generation and the base model, putting the starting price around $86,400.

GM will officially take the wraps off the Z06 on Tuesday during the first game of the World Series.

This is the fifth generation of the Z06 it has produced and the second generation of the high-performance car with a mid-engine.

As of Tuesday at 2:16 p.m. ET, shares of GM were trading at $57.53, down 22 cents, or 0.39%.

2023-Chevrolet-Corvette-Z06-003 The 2023 Chevy Corvette Z06 from GM will be debuted during first game of the World Series. Photo: General Motors