From another post:
G06 (new X6) will be released in mid-2019 for MY2020 with sDrive40i, xDrive40i, M50i. M50i will use the same version of N63 as just announced for M850i, producing 530hp. One interesting option that seems specific to G06 at the moment: "Iconic Glow Kidneys". Because the poor owners of the previous X6 models have been suffering from not being visible enough on the road.
Both G05 X5 and G07 X7 xDrive50i will replace their launch version of N63 (456hp) with the same new 530hp engine and become X5/X7 M50i. Here's finally your explanation why they were sticking with "xDrive50i": "M50i" was reserved for the more powerful engine.
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