There were fears that the BMW i3 was living on borrowed time and won't be renewed after the current generation, but BMW CEO, Oliver Zipse, has assured the compact EV will stay in production for several years and will even receive new battery updates to help it stay competitive.

To give the seven-year-old EV a new lease of life, BMW will present the i3 Urban Suite at the 2020 Consumer Electronics Show next month, which has been transformed into a mobile luxury living room.

The Urban Suite started life as a standard BMW i3 before undergoing a complete transformation, with only the driver's seat and dashboard left untouched. Thanks to these modifications, BMW claims the interior has "the relaxed feel of a boutique hotel".

BMW says the aim was to create "the perfect place for relaxing, enjoying in-car entertainment or focusing on work in a laid-back setting". To achieve this, BMW has fitted a large comfortable armchair in the back with a footrest that replaces the standard car's rear bench, along with a screen that flips down from the headliner and a personal sound zone.

Elsewhere, the BMW i3 Urban Suite has been fitted with eco-friendly materials including fabrics and floor mats made from recyclable materials combined with certified wood and olive-tanned leather. In preparation for the 2020 CES event, a fleet of standard BMW i3 cars were converted into Urban Suites in Munich before being brought to Las Vegas, where they can also be seen roaming the city's streets.

BMW will be offering chauffeured rides in the luxury i3 Urban Suite, which can be ordered using a special app. The BMW i3 Urban Suite will be showcased at CES 2020, which kicks off on January 7, but it isn't known if BMW has any future plans for the opulent electric city car beyond CES.