BMW's CEO Harald Krueger has admitted there’s room in the lineup for a new model slotted above the i3, but below the i8.

BMW's CEO Harald Krueger has admitted there's room in the lineup for a new model slotted above the i3, but below the i8.

Krueger told Frankfurter Allgemeine Sonntagszeitung that it would make sense to have a third i-badged model positioned between the i3 and i8, but he did not go into any specifics. However, sources close to the Bavarian marque indicate it will take the shape of a family-oriented i5 sedan and is programmed to hit the assembly line in Leipzig in 2019.

It is believed the i5 will be more spacious than a 3-Series Sedan and will be offered as a pure electric vehicle with a rear-mounted 225 bhp (168 kW) electric motor working together with another one installed at the front rated at 135 bhp (101 kW). There also might be a plug-in hybrid variant with a 275 bhp rear electric motor teamed up with a three- or four-cylinder combustion engine installed in the front.

BMW's engineers are targeting a curb weight below 1,564 kg (3,450 lbs) and will implement a standard torque-vectoring all-wheel drive arrangement. It will use a similar lightweight construction with carbon fiber as the other two existing "i" models while inside there will be room enough to host four people and their luggage.

Gallery: BMW’s CEO hints at new i model positioned between i3 and i8