Koenigsegg has been at the forefront of supercar technology due to its continuous innovation in automotive engineering. Through its tie-up with National Electric Vehicle Sweden (NEVS), Koenigsegg aims to bring its innovative Freevalve engine to market very soon.

Earlier this week, Koenigsegg announced that it had sold a 20-percent stake to National Electric Vehicle Sweden, a company making electric cars based on old Saab. Although Koenigsegg’s intentions with this deal are not clear, it is chasing sales volume in its own way.

Koenigsegg's last revolutionary product was the Regera that featured gearless direct drive.

Company founder and CEO Christian Von Koenigsegg told Top Gear that it was working on a new hybrid supercar priced around $1.15 million to increase annual sales. The real interesting fact about the upcoming car is that its engine will have no camshafts.

That’s right, Koenigsegg is on the cusp of bringing its innovative Freevalve technology to serial production. Instead of using traditional camshafts to control valve timings, a Freevalve engine uses pneumatic actuators. This allows engineers to define more accurately the opening and closing durations and order of actuation of valves.

Theoretically, a Freevalve engine can run on diesel, gas, or alcohol with no mechanical changes. The engine can also be altered between four-stroke and two-stroke configurations, though not at the same time. Koenigsegg famously said that using camshafts was like using a broom to play the piano while pneumatic actuators are more like using fingers.

He further said, “Our ambition is that this car will be completely CO2 neutral. Given the Freevalve technology, we can actually cold-start the car on pure alcohol, down to -30 degrees Celsius, so there’s no need for any fossil fuel mix then. The idea is to prove to the world that even a combustion engine can be completely CO2 neutral.”

The Agera RS is set to get a successor, along with the new camless hybrid supercar.

Koenigsegg seems to imply this hybrid will come in addition to the inbound successor to the Agera RS. The company claims it will always aim to offer at least two models. Since this is Koenigsegg, we are probably looking at a low-volume supercar and a super-low-volume supercar. Koenigsegg will update its progress as and when it happens, which should be in a few months.