After many spy shots and leaks, the 2021 BMW M3 will finally be revealed later this year. Enthusiasts have been waiting for the hardcore M3 variant since the 3 Series debuted and thankfully, the wait won't be much longer. BMW M has just posted a teaser video on YouTube titled, 'Shaping the icon. The all-new BMW M3 (G80 2020).'

In the video, BMW M Head of Driving Dynamics Systems Development, Christian Flessa, takes viewers on a tour of a prototype version of the upcoming M3. The prototype is still camouflaged to protect the final design but the video does confirm a few interesting details about the car and gives some insight into the development process.

For starters, the sub-text in the video confirms that fuel economy figures were calculated based on a rear-wheel-drive model with an eight-speed automatic. This confirms that there will in fact be a RWD version of the M3, rumored to be called the Pure. It is also rumored to be available with a six-speed manual option. The M3 Pure is expected to launch first with the AWD and automatic-only Competition model coming later.

Both versions of the car will be powered by a twin-turbocharged S58 inline-six engine shared with the X3 M and X4 M. The Pure models are predicted to produce around 480 horsepower while the competition models will produce 510 hp.

In the video, we see how the M3 undergoes final testing out on German country roads and the world-famous Nurburgring Nordschleife. With an official teaser now released, the reveal must be imminent. A specific date is not given in the teaser but in an Instagram video, BMW M CEO Markus Flasch let it slip that we will see the M3 and the two-door M4 in September. Both cars will enter production later this year in November. Pricing will likely start in the mid-$70,000 range.