Formal pricing was not announced, but the 2+2 Camaro ZL1 is expected to start around $65,000. That would be similar to pricing for its chief rival, the 2016 Dodge Challenger SRT Hellcat.
In comparison, the base 2016 Camaro, which is on sale now, is priced at $26,695, including a $995 destination charge.
The 2017 Camaro ZL1 is one of the most highly anticipated muscle cars of the year. Chevrolet did not offer the sixth-generation ZL1 as a 2016 model.
The 2017 Camaro ZL1 is equipped with a new supercharged 6.2-liter V8 engine that churns out an estimated 640 horsepower and 640 pound-feet of torque. That's a 60-hp increase compared to the 2015 Camaro ZL1.
The engine is linked to a standard six-speed manual transmission or the all-new optional 10-speed automatic transmission. As an aside, GM said it will offer the new 10-speed automatic in eight unnamed vehicles by the end of 2018.
Chevrolet did not release performance numbers or fuel economy estimates on the ZL1.
There was no official word about a ZL1 convertible.
"We're not talking about the convertible right now," Chevrolet spokesman Monte Doran told Edmunds.
The 580-hp 2015 Camaro ZL1 was available in coupe and convertible models.
Features include an updated Magnetic Ride suspension, Performance Track Management, an electronic limited-slip differential, Custom Launch Control and Drive Mode Selector.
Exterior cues include a new hood with a carbon-fiber insert and heat extractor designed to pull hot air from the engine compartment. A large front splitter, unique rockers, a wing-style rear spoiler and wider front fenders round out the package.
Edmunds says: The 2017 Camaro ZL1 promises to be a monster draw in showrooms.