BMW Australia has announced pricing and specs for its first-ever XM hybrid V8 powerhouse SUV ahead of its 2023 launch, along with further details of the high performance M3 Touring wagon.
The XM is the first BMW M car with an electrified drive system and the first standalone model to be developed by BMW’s high performance division since the M1 supercar of 1978. Described as an extravagant SUV, it has a striking design, and offers extreme performance.
A plug-in hybrid brings together a newly developed 4.4-litre M TwinPower V8 engine and electric motor to deliver 480kW and 800Nm; a drive concept shared with the newly developed endurance race car from BMW M Motorsport.
Accelerating from zero to 100km/h in just 4.3-seconds, pure-electric driving capability enables a top speed of up to 140km/h and range of 82-88km. A model-specific sports exhaust system with vertically stacked and hexagonal dual tailpipes also features.
M xDrive all-wheel-drive maximises traction and agility with rear-wheel bias, while a rigid body structure and M-specific chassis technology features bespoke tuning. Inside, a driver-focused cockpit sports the latest BMW technology package.
An exclusive M Lounge can be found in the rear of the car, while a sculptural headliner with three-dimensional prism structure and eye-catching illumination also features. Priced from $297,900 plus on-roads, it will launch in Australia in the first half of 2023.
An extreme XM LABEL RED – the most powerful BMW M car ever made with 550kW and 1000Nm – is set to launch late next year.

An all new model, the BMW M3 Touring combines motorsport pedigree with wide-ranging functional appeal to create a unique and compelling five-door high performance model, to be offered locally exclusively in competition guise.
Powered by a race-bred in-line 6-cylinder engine with M TwinPower turbo technology, it delivers 375kW of power and 650Nm of torque. The powerplant is paired with an 8-speed M Steptronic transmission and M xDrive all-wheel drive.
Its standard sprint time to 100km/h is a blistering 3.6 seconds, while the body features optimised rigidity and aerodynamics, with a specifically tuned chassis. Inside you’ll find the new BMW iDrive system.
The interior includes the car maker’s new curved display, with M-specific graphics for intuitive control and operation. M Sport seats and full leather ‘Merino’ upholstery are offered as standard.
Lightweight M Carbon bucket seats are available as part of newly introduced M Carbon Experience offering, with the new M3 Touring available for $177,500 plus on-roads. To find out more, talk to your local BMW dealer. If you need finance, visit CreditOne.