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Concept has many meanings. Like posted, the yellow M4 was technically a "concept" and changed very little to being officially revealed. There was also the 4 series concept which was way out of this world in design. I think "M concepts" much more closely resemble the real thing than the "series car concepts"
It could definitely be an M2 "concept" that gets revealed. And it would very closely resemble the production model.
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