BMW just revealed the near-production version of its stunning new rose-gold electric sedan that will rival Tesla

On Tuesday, BMW took the wraps off its fully electric i4 concept it's the German brand's crack at a Tesla-rivaling luxury sedan.
The car was supposed to debut at the Geneva International Motor Show, but it was canceled amid coronavirus concerns .
The Concept i4 has 530 horsepower, an EPA-estimated range of 270 miles, and a 0-to-62-mph time of four seconds, BMW claims.
BMW is set to start manufacturing the production version of the i4 at its Munich plant in 2021.
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BMW is better known for its sporty sedans and SUVs than its battery-powered offerings, but that may change come 2021 the year that the just-revealed, fully electric BMW i4 is scheduled to begin production.

The production version of the i4 isn't out yet, but BMW debuted near-production concept model of the electric sedan on Tuesday to give people an idea of what it'll be like.The Concept i4 was slated to debut at the Geneva International Motor Show this week, but the show was canceled amid coronavirus concerns .

While electric and electrified BMWs aren't the norm, the company isn't a total newcomer to the market. Its quirky i3 hatchback and i8 sports car have been around for years, but their appeal has aged, making BMW in need of a new flagship.

The i4 packing respectable power and range in a sleek package may be the Tesla competitor BMW so desperately needs if it wants to stay relevant in a luxury market transitioning toward EVs. After all, the Tesla Model 3 outsold all other luxury cars in the US in 2018 .

Learn more about the stunning, rose-gold i4 concept, BMW's best bet for taking hold of the luxury EV market, below.

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