The online debut of the new X5 also confirms the authenticity of images that surfaced online earlier this year, offering a first look at the 2014 model's X3-inspired styling.
Due in Australia later this year, the new X5 will bring familiar and not-so-familiar features to the table, including a new rear-wheel-drive model.
Previously available only with all-wheel-drive, the 2014 X5 range will also include a new RWD sDrive35i model - although it's unclear if we'll see this one in Australia.
On the styling front, the new X5 evolves the look of its predecessor while embracing BMW's new styling language.
There's the new connected-look to the headlights and grille up front, a simplified but powerful profile design and large 5 Series GT-inspired tail-lights.
Engine options are also familiar fare, including the turbocharged N55 3.0 litre six-cylinder petrol engine, producing 224kW and 405Nm of torque.
The top-shelf xDrive50i is still powered by the turbo N63 4.4 litre V8, but power is boosted to 331kW and 650Nm - up from 300kW and 600Nm.
BMW says the xDrive50i model will now hit 100km/h in just 5.0 seconds, while the xDrive35i will get there in a still-sharp 6.2 seconds. No performance figures have been released for the sDrive35i.
Fuel consumption for the xDrive50i is listed at 10.5 l/100km, and the xDrive35i promises to return 8.5 l/100km.
There's also the xDrive35d diesel, its 3.0 litre turbo six producing 190kW and 560Nm. BMW promises a 0-100km/h time of 6.2 seconds.
Fuel consumption for the big diesel has fallen 16 percent to 6.2 l/100km - a 16 percent improvement over its predecessor.
Interior and Features
In the cabin, you'll find the usual assortment of luxury trim options, including a choice of Ivory White leathers and complementary wood colours, or the Mocha Brown set with black and brown styling.
There's new redesigned seats with more adjustability options, along with a 40:20:40 split-folding second-row. BMW says rear storage has grown to 650/1870 litres (depending on seat position), marking a 30/120 litre improvement.
Technology includes Dynamic Drive Control, while Dynamic Damper Control will be available on certain models, adjusting engine response, gear shift timing and speed, and handling.
The electric power steering falso gets control modes, with Comfort, Sport, Sport+ and ECO PRO options.
Among the optional driving systems is the Dynamic Handling package, integrating with Dynamic Damper Control to bring automatic rear self-levelling suspension, active roll stabilisation and adding Dynamic Performance Control.
A 10.2 inch display dominates the dash, hosting a familiar array of ConnectedDrive and BMW Apps features.
Safety features include Active Driving Assistant lane departure and pedestrian collision warning, and Active Cruise Control with Stop & Go. The Stop & Go feature allows the vehicle to brake automatically and accelerate in stop-start traffic.
BMW will soon add Traffic Jam Assistant to the range, which boosts the Stop & Go system's appeal by adding automatic steering control at speeds up to 40km/h.
Watch for the new X5 range to hit Australia later this year.