BMW, in an effort to combat Tesla's affordable Model 3 electric car, will introduce an electric version of its flagship 3-Series sedan at the Frankfurt Auto Show this September, according to German business news site Handelsblatt.
reports the 3-Series EV will have 248 miles of range, and compete directly with the Model 3 in terms of price.
This isn't the first time we've heard the 3-Series could get an electric variant. Back in July of last year, we reported via Auto Express an EV 3er would appear for the car's new generation design, and incorporate carbon fiber tech from the current-gen 7-Series.
If this is really true, and BMW is finally getting into the mainstream electric market, it has a lot of catching up to do. Tesla has already for the Model 3, which is set to go on sale later this year.