Borrowing parts from the new M235i Racing model developed for track work, the hotted-up 2 Series can be seen wearing a wider and vented guard at the front and a pumped arch at the rear.
Larger cross-drilled brakes can also be seen up the front, peeking out from behind wider light-alloy wheels.
At this stage, the coupe appears otherwise unchanged on the outside, although we can likely expect new bumpers to appear at both ends before production begins.
Reports in recent weeks suggest that production will begin in mid to late 2015, meaning we could see the M2 unveiled later this year in concept form.
It is believed that the M2 will be powered by the familiar turbocharged N55 inline-six engine, chosen over a lighter four-cylinder engine.
With the N55 beating away under its long bonnet, the M2 will reportedly deliver between 270 and 280kW, making it around 30 to 40kW more powerful than the current M235i.
The M2 would likely also benefit from a hugely overhauled and lighter chassis, conceivably cutting the coupe’s 0-100km/h acceleration time to the low four-second region - or even lower.
The M2’s predecessor, the 1 Series M Coupe, produced 250kW and boasted a 0-100km/h of 4.9 seconds - 0.1 seconds slower than the M235i.
If these details are accurate, expect more information to surface in the coming months.