2022 will be a big year for BMW, but it'll be even more special for the high-performance M division as they will be celebrating their 50th anniversary. And it seems they have something special in store.

According to UK's Car Magazine and citing “verified sources”, BMW M is working on an all-electric sports car. Now while BMW hasn't made any official announcements, the company is supposedly referring to the project internally as "Katharina".

Car Magazine says the electric sports car will be called the iM2 once it debuts. It will be based on the next-generation 2 Series Coupe scheduled to debut later this year. The report says it will have 1000 kW of electric power or 1360 HP in more conventional terms, meaning it would be the most powerful production BMW of all time.

Other reported details about the car indicate that it will be lightweight. They say it will have no rear seats, have a carbon fiber roof, and thinner glass. It will also ride on lightweight wheels. Meanwhile, a lightweight battery pack will help bring the weight down even further.

If Katharina does have that level of horsepower and weight savings, we won't be surprised if it can do 0 to 100 km/h times in just 2 and a half seconds. We're also interested in how the vehicle will perform, because according to Car Magazine, it should be capable of lapping Germany's legendary Nurburgring Nordschleife circuit in around 6 minutes and 50 seconds; that's quicker than the new Porsche 911 GT3.

The German marque does have the tech and experience with plug-in hybrids as they have been introducing models like i3 and i8. More recently, the brand introduced the iX3 and the i4, both of which are pure electric. So far, the most powerful EV they have is the upcoming 390 kW (530 HP) i40 M50 xDrive. It uses dual electric motors and accelerates from 0 to 100 km/h in 4.0 seconds. With the help of the brand's M Division, building a 1000 kW sports coupe is possible. 

As exciting as BMW's Project Katharina sounds, nothing is official yet. Still, we expect something big for the M division's 50th anniversary.