At its annual meeting, Audi announced an ambitious plan to make 20 new electric vehicles by 2025, most of them battery electrics. The car maker says that it will invest $47.6 billion into electrified cars, a new app platform for its cars, a new fleet of autonomous vehicles, and creating sustainable factories. The investment represents about two years of revenue for the company.
As a first step, Audi announced that it will reveal the production version of its new e-Tron electric SUV on August 30. It should have 300-mile range and slots between the size of the current Q5 and Q7. It will be one of the fastest charging cars on the market. The automaker also plans to introduce a high-performance e-Tron GT sedan and a compact car in 2020, which will be followed by two more electric SUVs in 2021. In total, Audi is planning to sell 800,000 electrified vehicles by 2025.