MUNICH, Germany: Automaker BMW has announced the launch of its new concept plug-in hybrid electric vehicle, the first M class model with an electric engine.
In a press release, the company said its XM model will enter production at the company's plant in Spartanburg, South Carolina beginning in late 2022, though it did not mention the cost of the vehicle.
The concept BMW XM has a V8 engine combined with an electric motor, providing 750 horsepower and 737 foot-pounds of torque.
In an email to The Verge, BMW spokesman Jay Hanson said, "Horsepower and torque figures should be considered preliminary at this time," noting the production version of the XM will have a V8 engine combined with a plug-in hybrid system.
BMW said the unusual front-end design, with two large nostril-shaped openings, is a new direction for its future luxury vehicles, and includes an illuminated version of its black kidney grille.
Hanson added that the interior features "vintage-look leather," with a curved display combining the instrument panel and infotainment display.
In a statement, BMW CEO Franciscus van Meel said the concept XM, "represents a complete re-imagining of the high-performance vehicle segment."
Although the XM is not an all-electric vehicle, BMW said, earlier this year, it expects 50 percent of its new vehicles to be fully electric by 2030.
It is also developing all-electric versions of its 5 Series and 7 Series cars and X1 SUV. But the iX3 will not be available in the US, selling only in Europe and China.