Externally, this X3 prototype is wearing production versions of the car's headlights and tail-lights, indicating that the third-generation crossover is close to its official debut.
Despite the heavy use of camouflage, there doesn't seem to be any false body panels attached to this car. From what we can see, the new X3 will feature styling that doesn't stray far from the template laid out by the latest crop of BMWs.
On the inside, the new X3 features a streamlined dashboard with a free-standing tablet-style infotainment screen taking pride of place in the centre.
This vehicle looks to be a high-end variant, as it features a high resolution display neatly framed by marked bezels typically used for analogue speedometers and tachometers.
Under the skin, the new X3 utilises a version of the company's flexible Carbon Core rear- and all-wheel drive architecture. One day this component set will underpin every BMW from the 3 Series up through to the X7 crossover.
By utilising sturdy but lightweight materials, such as high-strength steel, aluminium and, even, carbonfibre, the new X3 should be significantly lighter than today's car.
It's highly possible, in some markets at least, that the entry-level versions of the new X3 will be powered by BMW's 1.5-litre turbocharged four-cylinder engines. Other engines expected to feature under the bonnet include a 2.0-litre four-cylinder and 3.0-litre straight-six.
Given that the current X3 made its debut in 2010, and BMW is fully committed to model cycles of no more than seven years for its core models, the new X3 is likely to debut either later this year or early next.