The 2020 Chevy mid-engine C8 Corvette by the numbers

On Thursday, Chevrolet made waves in the automotive industry by revealing the eighth generation of its iconic American sports car, the Corvette Stingray.

Chevrolet has officially unveiled the highly-anticipated mid-engine 2020 C8 Corvette, the newest generation of the iconic road-legal sports car now with supercar specs.

Engine: 6.2-liter small block V8 LT2

As the first naturally-aspirated engine in the Stingray lineup, this V8 generates 495 horsepower and produces 470 lb.-ft of torque. The previous generation's 6.2-liter V8 produced only 460 hp and 465 lb.-ft.

Powertrain: 8-speed dual-clutch transmission

In addition to the transmission allowing drivers to make speedy shifts -- regardless of driver mode -- thanks to an electric shifter, it offers both "the spirited, direct connected feeling of a manual and the premium driving comfort of an automatic."

0 mph - 60 mph acceleration time: under 3 seconds

Being able to sprint from a standstill to 60 mph in an estimated time under three seconds gives the C8 the quickest acceleration of any Corvette -- last year's model made the sprint in 3.7 seconds.

Top speed: currently unknown

While Chevrolet had not disclosed the C8's top speed, the 2019 model is able to reach 212 mph. With a more powerful engine and more aerodynamic design, the 2020 version will most likely pass that limit with ease.

Price: under $60,000

After the debut Thursday, GM's president said that when the model hits the market later this year, the base price will start below $60,000. The previous generation Corvette Stingray had a starting price of $55,900.

Availability: later this year

The 2020 Chevy C8 Corvette Stingray will go into production later this year with availability starting shortly after.