FRANKFURT (Reuters) - BMW (DE:BMWG) plans to introduce an electric version of its popular 3 Series in September, a move designed to fend off rival Tesla (O:TSLA), Handelsblatt reported on Wednesday.
The German carmaker will present the vehicle at the IAA auto show in Frankfurt in September, the paper said.
The 3 series, which is a high volume sales model, will have a range of 400 km (248 miles) and is seen as a direct response to the success of Tesla's Model 3, according to Handelsblatt.
BMW declined to comment.