And it’s a boast just one Australian enjoys.

Billionaire businessman, auto group magnate and Sydney Roosters chairman Nick Politis signed paperwork at the Beijing auto show to secure the sole YangWang U9 Xtreme bound for our shores.

This 2200kW fully electric hypercar eclipsed the Bugatti Chiron as having the highest top speed ever recorded by a production car, measuring a tyre-ripping 496.22km/h at a German test track last year.

MORE: BYD U9 sets new speed record A U9 Xtreme also lapped the Nurburgring in 6m59s, claiming title of fastest electric super sports car and first of its type to dip under seven minutes at the Green Hell.

It’s unknown how much Politis paid for the YangWang – a Chinese brand under the giant BYD umbrella – but a BYD Australia spokesman said it would be “north of $1 million”.

Not money you or I could find down the couch, but with Politis’ net worth estimated at around $2.5 billion, it’ll barely make a dent.

MORE: BYD Yangwang U9 spotted in Australia Besides, the U9 Xtreme looks a veritable bargain next to a $5 million Bugatti Chiron, and being the sole example bound for Australia, its collectability status is assured.

Just 30 examples of the YangWang U9 Xtreme will be produced, with only one bound for each of 30 different markets.

The sort of exclusivity billionaires live for.

This made-in-China EV’s numbers are simply ludicrous.

Its four electric motors are each capable of 30,000rpm and combine to deliver over 2200kW: about four times that of a Porsche 911 Turbo.

MORE: BYD to build its own charging network in Australia It uses an 80kWh BYD battery with claimed range of around 400km.

But not if you plan on nudging 500km/h.