The concept car – which was first teased back in February – is set to premiere at the prestigious California car show Pebble Beach Concours d'Elegance in mid-August, with limited production set to begin in 2024."The Alpha5 is a representation of the past 40 years of DeLorean," Chief Marketing Officer Troy Beetz said in a statement.

"There was this enormous responsibility to make sure we honored the history of the DeLorean brand, but an even greater responsibility in curating its future ... I think we did both with the Alpha5."

Joost de Vries, the current CEO of DeLorean Motor Company, told Texas Public Radio in March that the new cars will be built in a yet-unconstructed building in San Antonio, with the company planning to hire up to 450 people over the next several years (though he told the British trade publication Autocar that the new car will be built in Italy).

And while the Alpha5 is being advertised as a comeback, he stressed that the brand never really left.

"DeLorean lived on in online games like Forza and Need for Speed and Asphalt, Playmobile, Hot Wheels," he said. "The brand never left the market. A lot of the ideas that DeLorean worked with in the early 80s is actually something that we're developing further."

The next batch of vehicles will be built with the goal of legal use on roadways, it added.

The company is also setting its sights even further, with de Vries saying its roster will eventually expand to include a sports coupe, a sedan and a premium SUV.

But first is the matter of funding: Autocar said that DeLorean had completed its initial seed round of funding, and that the next one could possibly be tied to an I.P.O.

"We will be a public company," de Vries said. "We have to be. Building cars isn't cheap, and you need lots of money to make it happen."