BMW is set to introduce an all-electric variant of its 3 Series later this year, with the car due to make its debut at the IAA in Frankfurt in September, according to German publication Handelsblatt.

Citing sources within the automaker, the report said that the electric version of the 3 Series will offer a 400 km operating range. It added that the move from Munich was essentially designed as a direct response to the success of Tesla Model 3, which has already raked around 400,000 pre-orders. BMW declined to comment on the matter.

Currently, the company only has a plug-in hybrid variant, the 330e, in its F30 model line-up, but plans for an all-electric version is definitely on the cards for the upcoming G20 model. The automaker is expected to carry on with a plug-in hybrid version for the seventh-generation iteration of its classic sedan.

The company had previously announced that it is moving towards a bigger scope in electrification, with the new strategy seeing all of its current models having an electric or plug-in alternative – the new G01 X3 is set to be one of these.

GALLERY: BMW 330e plug-in hybrid