The Koenigsegg Jesko is the world's first 300MPH road car

Bugatti, Ferrari, Lamborghini and McLaren. These are just some of the manufacturers that have been beaten to one of the biggest hypercar milestones of the modern era.

That’s because Swedish brand Koenigsegg has just revealed its new 1,578bhp Jesko – the first road-legal car that’s capable of hitting speeds of 300mph.

The monumental achievement was claimed by the vehicle maker on Tuesday with the release of its eighteenth model, officially unveiled for the first time at the Geneva Motor Show.

The Jesko’s arrival comes just 24 hours after fellow Swedish automaker Volvo announced all of its cars sold from 2020 will have a restricted top speed of 112mph – less than half what the new Koenigsegg will be capable of.

Koenigsegg has yet to release full pricing details for the Jesko, though it should ring in between £550,000 and £750,000. However, that’s before options, like these carbon-fibre wheels

Joachim Nordwall, design director at the Swedish brand, said the design is ‘more agile’ than we’ve seen from a Koenigsegg yet.

‘We adopted a ‘shrinkwrap’ approach to skinning this car, using crisp angles and lines to eliminate empty spaces and make the design as effective as possible,’ he said.

‘I’m proud of what we’ve achieved with this car. It’s new, but it’s also classic Koenigsegg.’

Inside, there’s plenty of practicality, with generous levels of leather materials, fully adjustable seats and a nine-inch infotainment touchscreen featuring Apple CarPlay.

Koenigsegg has yet to release full pricing details for the Jesko, though it should ring in between £550,000 and £750,000 before options (which includes carbon-fibre wheels) – putting it into direct opposition with McLaren’s Senna hypercar.