For BMW enthusiasts who want to get their hands on a high-performance 3 Series but don't want to shell out M3 money, there's the M340i. First launched way back in 2018, it serves as the “baby M” of the 3 Series lineup that delivers sports car-like performance but not as extreme as the fully-loaded M3.

Currently, BMW Philippines offers the M340i as a wagon, which generates 374 PS with 500 Nm of torque from a 3.0L TwinPower Turbo inline-six and has loads of cargo space in the back. And since it's an AWD wagon, there's plenty of grip to be had when you take it out on mountain roads.

In the future, however, the M340i may soon say goodbye, as it could be replaced by something more powerful. Recently, our spies were able to take pictures of what appears to be the all-new 3 Series, albeit wearing less camouflage. This isn't the first time we've seen the all-new 3 Series, since our spies managed to spot it last month. But unlike said prototype, the new sighting suggests it will be something more powerful.

Based on the information our spies gathered, the prototype they recently photographed is supposedly the all-new M350. It was spotted with a quad exhaust system and features massive alloy wheels wrapped in low-profile tires. It also comes with what appear to be more aggressive LED headlights & taillights, along with huge disc brakes behind the wheels.

Under the hood, the M350 will reportedly get a boost in power. While the engine 3.0L inline-six already makes over 370 PS, the new-generation M350 will supposedly crank out between 410 – 415 PS. Torque output wasn't mentioned, although we won't be surprised if the all-new M350 makes more than 500 Nm.

Production of the supposed BMW M350 will reportedly begin in November 2026, which means we're still quite far from the big reveal. But given that BMW is already busy testing a prototype could mean they're already ironing out the kinks and testing its on-road abilities.