BMW has announced local pricing for the all-new iX3 electric SUV – the first of the German automaker’s ‘Neue Klasse’ series.

Launching in a single, dual-motor 50 xDrive trim grade, the 2026 iX3 will be priced from $109,900 before on-road costs when it lands on Australian soil, with alternative battery and motor combinations to become available early next year.

As such, it undercuts direct rivals including the Audi Q6 e-tron quattroPorsche Macan 4Polestar 3 Long Range Dual Motor, and Genesis Electrified GV70, all of which are priced between $120,000-140,000 before on-road costs. The heavily discounted Cadillac Lyriq remains the cheapest of the bunch, though.

The new-generation iX3 is also just $5000 dearer than the outgoing model was in top, single-motor specification.

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Arguably BMW’s most important model in years, the new iX3 kicks off a fresh generation of vehicles that embody significant changes in technology, design, and production processes.

All versions of the iX3 ‘Neue Klasse’ feature BMW’s sixth-generation eDrive technology, bringing more power, greater efficiency and range, and a superior charging rate.

In 50 xDrive form, BMW’s mid-sized electric SUV features a dual-motor electric powertrain good for 345kW and 645Nm, paired with a 108kWh battery.

The fresh model also promises 805km of WLTP-tested driving range – the most of any new vehicle currently on sale in Australia. An 800V electrical system supports DC fast-charging at up to 400kW.