BMW Chairman Dr. Norbert Reithofer spoke at the company's annual general meeting this week and confirmed that the next hybrid from Munich will indeed be based on the new 5 Series sedan. A concept version of the 5 Series hybrid was shown in March at the Geneva Motor Show, and Reithofer has now revealed that a production version should arrive in 2011.
The hybrid 5 uses a further evolution of the modular mild hybrid system introduced in the Activehybrid 7 and the Mercedes-Benz S400 hybrid. In the 5, the motor has been bumped from 15 kilowatts to 40 kilowatts, giving the car full electric drive capability. Reithofer also announced that additional hybrid models, including a hybrid 3 Series, would probably follow.
Reithofer also reconfirmed that the Megacity EV would be launched in 2013 as a series production model and that it would be built at BMW's Leipzig plant in Germany. The Leipzig facility will be BMW's primary electric vehicle manufacturing center. The full text (and it's long) of Reithofer's speech is after the jump.