2020 Chevrolet Corvette Stingray revealed

After years of spy photos and teasers, speculation and conjecture, the 2020 Chevrolet C8 Corvette Stringray has officially broken cover.

And the mid-engine supercar will be coming to Australia, following confirmation it will be built in right-hand drive from its US factory.

"This is the right time to move to mid-engine. We’ve known for quite a while we were reaching the limits of a front-engined configuration," said Corvette executive chief engineer Tadge Juechter.

“And it has been done while meeting the needs of various markets around the world, including right-hand drive markets. That’s news right there.”

With a brand new mid-engine design, the track-focussed Corvette Z51 shown at the US unveiling has a touch of Ferrari to its design, and it'll certainly give the world's mid-engine exotics a run for their money.

The 2020 Chevy Corvette Stringray is powered by a new LT2 engine, a 6.2-litre mid-mounted V8 engine that makes maximum a 370kW or 495hp at around 6000rpm and 640Nm of torque (470lb.ft) at around 4600rpm.

The high-output mid-mounted V8 donk drives the rear wheels through a clever new twin-clutch eight-speed automatic transmission from TREMEC. There's also an electronically-controlled limited-slip differential.

Chevrolet has made no mention of a manual transmission.

The new transmission and engine will ensure the all-American coupe blitzes the 0-100km/h sprint in "under 3.0 seconds".

Top speed? It's expected to punch out more than 300km/h.

The Corvette is tipped have a go at a Nurburgring lap time at some stage too, as the Chevrolet Corvette Stingray punches deep into the European sports car heart land.

The new 2020 Corvette features a removable roof along with front and rear storage areas - the latter big enough to accommodate two golf bags.

It will be offered with 12 exterior paint jobs along with a front hydraulic lift system capable of raising the nose by two inches - like those systems used by McLaren and Lamborghini.

The interior is much more driver-focused than in the past, headed by a 12-inch digital instrument cluster and centre fascia pointed towards the driver. Three different seat options will be offered, from garden-variety buckets to racetrack-ready pews.

Production begins at Bowling Green, Kentucky, in late 2019 with first customers getting their vehicles in 2020.

Australian vehicles are set to arrive in local showrooms some time in 2020.