It could make its world premiere in production form as soon as this September, in Frankfurt, one year after its concept debut.
The lower, more stylised X2 will sit alongside the more practical X1 in the same way that the X4 complements the X3, and the X6 complements the X5.
From an Australian perspective, any new crossover is of vital importance, given more than half its total sales last year were were from its 'X' crossover family, led by the X5.
Sales of premium 'small SUVs' in Australia, as they are classified by industry statistician VFACTS, grew 45 per cent last year.
"From a pure numerical perspective it makes perfect sense, and basically follows the concept of SAV coupes like the X4 and X6, which are going from strength to strength," BMW Australia managing director Marc-Heinrich Werner said.
"I believe that the X2 will be another big success in the segment," he added, while confirming it would come here. In 2018? "We'll see," was all he'd reply.
Indeed, the X2 has already been spied testing in its production form – as far back as November last year. And, although heavily camouflaged, it is clear from our spy photos that the general shape of the final car will not stray far from its concept progenitor.