The all-new 2023 BMW XM super SUV plugin hybrid carries a supercar price tag in China where it begins at 2.3 million yuan, which is about $333,400, according to the latest exchange rates. Meanwhile, the XM carries an MSRP of $159,000 in the US.

This should hardly come as a surprise considering the XM, like most of the German automaker's SUVs, is built in the US, specifically at BMW's massive Spartanburg, South Carolina production plant. Some BMWs, as BMW Blog notes, are built in China, like the all-electric long-wheelbase 3 Series sedan. Those that are not are subject to significant import tariffs.

China dropped that tariff from 25% to 15% back in the summer of 2018, but the added costs (which include additional fees) are still quite significant. BMW probably shouldn't be too concerned about this considering it expects the US to be the XM's biggest market. Bear in mind that XM's hefty China price is only for the so-called "base model."

The more powerful XM Label Red is slated to go on sale in both the US and Europe later this year. Pricing for the 735 horsepower and 735 lb-ft of torque Label Red variant hasn't officially been announced just yet though we suspect it will command at least $185,000.

To compare, the regular XM delivers 644 hp and 590 lb-ft of twist. Both variants are powered by a 4.4-liter twin-turbo V8 that alone produces 483 hp and 479 lb-ft.

An electric motor integrated into the eight-speed automatic transmission contributes an additional 194 hp and 207 lb-ft. BMW says the SUV has an all-electrical range of up to 30 miles courtesy of its 29.5 kWh lithium-ion battery pack. The battery can be recharged from zero to 100% in only around 3.25 hours with 7.4 kW AC charging.

And if you think the XM's price is outrageous in China, then consider the all-new G87 M2 coupe. Here in the US, it begins at a reasonable $62,200. China? Try 599,000 yuan, or $86,800.