McLaren P13 is coming in late 2014 – it will compete with Porsche’s 911 Turbo image

McLaren P13 is the name of the upcoming supercar from the British based automaker, AutoExpress reports without citing any source.

The new model is expected to cost about $150,000 -$200,000 will have a modified version of the Ricardo-built 3.8-liter V-8 fitted to both the 12C and P1, and will produce about 450hp.

It will be the smallest model in McLaren’s line-up and will debut as a coupe, but shortly after the automaker will offer the P13 in convertible form too. The vehicle will weigh less than the bigger 12C (12C has 1,434 kg/3,161 lbs), will feature the same carbon fiber monocoque structure – so expect to hit 100 km/h in about 3.4 seconds – close the 911 Turbo’s performance.

Power in the upcoming P13 Mclaren will be sent to the rear-wheels through a seven speed dual-clutch gearbox, adapted from the P1 and 12C models.

McLaren is expanding very fast; it quadrupled its sales last year and is betting on Chinese demand to spearhead an increase in sales to 4,000 by mid-decade.

“I expect about 1,500 [sales] this year and next year, and then after we get P13, around 4,000 cars,” said Mike Flewitt, referring to the new, lower-cost model in development.

Therefore if is to do the match, when the P13 will hit the market, McLaren hopes to sell about 2,500 P13 units per year.