BMW just unveiled its new high-tech X5 SUV to take on Mercedes-Benz and Lexus

• The all-new 2019 BMW X5 SUV made its world debut on Tuesday.
• The new X5 will be available with either a 335 horsepower inline-six-cylinder engine or a 456 horsepower V8.
• According to BMW, the six-cylinder xDrive40i can do 0-60 in 5.3 seconds while the V8 xDrive50i can do the run in 4.6 seconds.
• The 2019 BMW X5 arrives in November 2018.
• Official pricing has not been announced.

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BMW unveiled the all-new 2019 X5 SUV on Tuesday. This is the fourth generation of BMW's flagship SUV since its debut in back in 1999.

The X5 has been a major success for the Bavarian automaker with more than 2.2 million vehicles sold worldwide during its production run.

The new X5 jumps right into the middle of an ultra-competitive mid-size luxury SUV market dominated by heavyweights like the Mercedes-Benz GLE and the Lexus RX.

The new X5's design remains classic BMW complete with the brand's signature kidney front grille.

"The BMW X5 embodies the origins of the BMW X family and, in its fourth generation, sends out its most powerful message yet in terms of presence and modernity," BMW Group Design senior vice president Adrian van Hooydonk said in a statement. "It defines a new X design language - robust, clear and precise."

The new X5 will debut with two engine options. The xDrive40i is powered 335 horsepower, 3.0 liter, twin-scroll turbocharged inline-six-cylinder engine. While the xDrive50i gets a more powerful 456 horsepower, 4.4 liter, twin-turbocharged V8.

Both engines are hooked up to an eight-speed automatic transmission and BMW's intelligent xDrive all-wheel-drive system.

According to BMW, the six-cylinder xDrive40i can hit 60 mph in 5.3 seconds with a top speed of as high as 150 mph. The V8 xDrive50i can make 0-60 mph run in just 4.6 seconds and reach a top speed of 155 mph.

The Spartanburg, South Carolina-built X5 will also be available with a slew of tech features including the latest version of BMW's iDrive infotainment system, a backup assistant that takes over steering while reversing, a pair of 12.3-inch high-definition digital displays, and active drivers' assistant systems.

Pricing for the 2019 BMW X5 will be announced closer to November of this year when it arrives in showrooms.