BMW iNEXT - BMW's new Technology Flagship - teased in Design Sketch

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In BMW's terminology, Vision concepts tend to be slightly further from production and more imaginative, whereas "Concept" models are much more realistic previews of upcoming models.

It gave us an indication that the vehicle could be priced similarly as the Model 3 and also be a midsize sedan.

Accompanying chairman Harald Krüger confirmed that any autonomous BMW would still exhibit the values and level of entertainment afforded by today's BMWs.

"The iNEXT project is our building kit for the future. It will benefit the entire company and all our brands", Krüger said in a statement.

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"For the first time, we are combining all key technologies for future mobility", Krueger said.

BMW originally announced in 2016 that it had joined the race to produce fully autonomous cars and has teamed up with tech firms Intel and Mobileye in a bid to offer its first fully self-driving auto in 2021.

BMW has released the first teaser image for its iNext, starting with an initial design concept sketch. He also promised that this rendering would be followed up by a "vision vehicle" - i.e. a close-to-production concept - before the end of 2018.

It is supposed to be available with three different battery sizes: a 60 kilowatt-hour battery with 280 miles of range, a 90-kwh battery good for about 342 miles, and a range-topping 120-kwh battery with 435 miles of range.

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Krueger said a full concept version of the vehicle will appear later this year.

I am a little confused. The i4 was originally introduced as the BMW i Vision Dynamics Concept, before being given the i4 name, but nobody knows how it looks like since the production auto hasn't been shown. The teaser does not show a lot of design for the auto, except the silhouette.

BMW has offered up its first official "look" at its iNext technology flagship.

BMW is looking to rekindle consumer excitement after a few subdued years during which Mercedes took the lead in luxury vehicle sales with a revamped model lineup featuring vehicles such as the GLC crossover and a reworked sporty A class.

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