BMW is reportedly set to introduce the all-electric 3 Series sedan at the upcoming Frankfurt Motor Show in September. The BMW 3 Series Electric will be Munich’s second full electric vehicle (EV) model after the i3.

It’s likely to based on the outgoing F30 3 Series and will complement the existing 330e plug-in electric hybrid variant on sale now. The 3 Series Electric will be a counterattack to Tesla’s mainstream model, the Model 3. Apparently, the latter’s attractive pricing has stolen many of the BMW 3 Series’ customer base.

BMW is taking EV very seriously, with massive investment made in R&D. Earlier, they joined forces with Andretti Autosports in the Formula E series as BMW looks into the possibility of participating in the up and coming racing series.

BMW is also looking to streamline its model lineup, and there are chances of the oil burner models will be slowly phased out. Meanwhile, the replacement of F30 3 Series, the G20, is expected to arrive in 2019.

Sources: Handeslsbatt & AutoCar