FRANKFURT -- BMW unveiled the i Vision Dynamics concept at the auto show here, previewing an upcoming third model for its i low-emissions subbrand that will be a rival to the Tesla Model 3.
The concept showcases a "dynamic," coupe-styled four-door car positioned between the i3 city hatchback and i8 plug-in hybrid sports car, BMW CEO Harald Krueger told journalists on Tuesday.
It has a range of 600 km (373 miles), a top speed of more than 200 kph (120 mph), BMW said in a statement. The car can accelerate from 0-100 kph (62 mph) in four seconds.
The production model is set to go on sale by 2021, giving a boost to the stalled i subbrand. Consumer demand for the i3, which BMW launched in 2013, has been sluggish due to concerns about its limited driving range and high price.
BMW did not reveal the product name for the i Vision Dynamics but reports say it's likely to be called the i5.
The i subbrand is "the innovation driver for the BMW Group," development chief Klaus Froehlich said on Tuesday. It "also acts as a spearhead of innovation" for other group brands, he said.
BMW last week said it will offer 25 electrified vehicles, including 12 EVs, by 2025.
BMW said in May that it will start production of the iNext, a full-electric flagship for the i subbrand, in 2021.
The company is showing in Frankfurt a full-electric car for its Mini brand. That car is set to go on sale in 2019. BMW also plans to launch a full-electric X3 in 2020.
Bloomberg contributed to this report