2016 is a big year for the Chevy Camaro. Not only is the Camaro celebrating its golden anniversary with a 50th Anniversary Edition trim, but yesterday Chevy announced a second Camaro trim, the 2017 Camaro ZL1, which will be available later this year.

While the 50th Anniversary Edition Camaro will focus on aesthetic qualities, the ZL1 will have a variety of exterior and engine changes that will make it a fierce competitor among performance cars.

Speed and acceleration will be delivered from the ZL1’s supercharged 6.2-liter V8 engine estimated at 640 horsepower -- 60 more horsepower than its predecessor. Buyers will have the option of a six-speed manual transmission or an all-new 10-speed automatic transmission that was created exclusively for the ZL1.

The ZL1 will also sport a slightly redesigned exterior that will improve the car’s aerodynamics. Body changes include a new carbon fiber hood, wider front fenders, and a wing-style rear spoiler. When added up, these changes make the car 200 pounds lighter than past Camaros, another element that will improve the car’s acceleration and fuel-efficiency.

Intended to be a high-functioning performance vehicle, the ZL1 will be fully equipped with all of the features to make it “track ready.” The car will feature 20-inch forged aluminum wheels with Goodyear Eagle F1 Supercar tires that have been developed exclusively for the Camaro. The interior will include standard Recaro front seats, and a sueded flat-bottom steering wheel and shift knob.