A note: I reviewed the Dragon PzKw III Ausf L about 5 months before I got this kit. I covered the history more exhaustively in that review.
The Panzer
The Panzer III was built by Daimler-Benz, and the A models were first produced in 1937. The first mass production version was the Ausf F, which entered service in 1939, just in time for Poland.
The Panzer III was upgunned and armor added due to the experiences in Russia in 1941 and ‘42. The Ausfurungs J through M were equipped with the 50mm KWK L39/60 gun, which could penetrate the T-34’s front armor at ranges under 500 meters.
This model of the M had a modification to the exhaust system where the muffler was mounted near the top of the rear, allowing the tank to ford streams and shallow rivers.