The new SUV will target a similar market segment to the Ferrari Purosangue.
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The new RS 3 managed to cut more than five seconds off the previous record.
Only 250 units will be produced, each starting at 3.8 million euros (approx. R73 million), before taxes.
The exterior stance is further bolstered by Multi-spoke alloy 22-inch wheels.
BMW has been developing a potent quad-motor setup, slated for debut in its first Neue Klasse-based performance sedan by 2026 or 2027.
Each wheel weighs 8kg making them roughly 20% lighter than other options.
14.1 seconds faster than the Mercedes-AMG One.
It will utilize three electric motors.
This ground-up recreation boasts a powerful new engine and retains the classic design elements that made the original a legend.
It will be built at a new factory in Maranello.