An indirect replacement of the i8, the hybrid machine would be the crown jewel of the M Performance lineup.

BMW may have a slew of high-performance machines carrying the fabled “M” badge, but what its portfolio lacks is a proper supercar. Give the Bavarians some time and they’ll likely address this issue by introducing a new flagship M Performance model to sit above the upcoming M8 Coupe. Autocar has it on good authority a “new super-sports car” is being developed to serve as an indirect replacement for today’s i8.

The plug-in hybrid sports car with its puny three-cylinder engine will reportedly not be renewed as BMW has bigger plans for an electrified machine. The 1.5-litre petrol engine will be ditched to make room for a much larger combustion engine, quite possibly with six cylinders. While the i8 is unlikely to get a second generation, its carbon fibre architecture is expected to live on in this yet-unnamed supercar.

Gallery: BMW 2002 Hommage Concept Pebble Beach

The report goes on to mention the conventional engine along with the electric motors will provide a combined output of more than 700 horsepower in a car estimated to cost in excess of the £114,000 BMW is asking for a base i8 Coupe. It is believed the crown jewel of the M Performance lineup will be built in limited numbers and will go after the Honda NSX, which starts at £142,355 in the UK.

Don’t expect to see the new BMW supercar in the near future as the model is allegedly slated to hit the market by 2023. Meanwhile, the M lineup is about to grow to include the first-ever X3 M and X4 M, along with the M8 Coupe, Convertible, and Gran Coupe. Further down the line, there also might be an M2 CS to serve as a last hurrah for the current-generation 2 Series.

Note: 2016 BMW 2002 Hommage Turbomeister Concept pictured.