From what I can find out it is an aluminium semimonocoque joined with structural adhesives. Chromoly rollbar with a RTM reinforced plastic body mounted on it.
This is remarkably similar to... say.. the Lotus Elise
The engine is a 2.3 litre, 4 cylinder with 16 valves and DOHC developing 200 bhp
This is remarkably similar to... say... The Vauxhall VX220, which funnily enough has the chassis as... well... The Lotus Elise which has a version that develops 190 bhp from a 1.8 litre engine with a 6 speed gearbox.
And finally, neither the VX220 nor the Elise look like a bulked up remake of the Smart roadster that has had a sponge dropped on it.
I would rather have a Mk2 mr2 turbo looks better than this and would out perform it easily and you could buy a spare one for the track too.