The M340i is a less hardcore daily driver that can go fast in a straight line and be competent in the odd track day.
https://www.caranddriver.com/feature...lightning-lap/
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And the M340i's 3:03.2 lap is 10.0 seconds quicker than that of the last-gen 2012 BMW 335i Sport Line and just 2.5 seconds off the M4's time.
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It's only 2.5 seconds behind the F82 M4 at VIR so surprisingly decent but the M3/M4 is the much, much better performance car.