Well,Well,Well,Well.
Yes that is an X1M. To accompany the X1 xDriveM35i.
With everyone distracted by The IAA mobility. Super sleuth Wilco Blok caught these on the move. I reached out and the car they were "seriously considering" has moved forward to production status.
It makes sense when compact performance SUVs are popular with the GLA 45 AMG and Audi RSQ3 and Sportback models and the VW T-Roc R. Makes perfect sense for the X1M to join in the fun.
Engine still should be a four cylinder turbo mated to AWD BMW xDrive.
No specifics yet but that should filter in the next few days but expect close to or around 400PS? Competition model?