Audi is planning two new Q SUVs and three e-tron battery electric vehicles while also replacing five 'core' models by 2020.
The brand also says that the technology for driverless city cars will be 'ready for an initial small series by 2021'.
"We are rejuvenating our model portfolio enormously and will renew five existing core model series by mid-2018," stated Rupert Stadler, Chairman of the Board of Management of AUDI AG. "In addition, we will expand our successful Q family by 2019 with two new concepts – the Audi Q8 and the Audi Q4 – and we will launch our battery-electric e-tron models." Audi plans to launch three new electric models by 2020, after which the brand will gradually electrify models in each of its core series.
Audi says the focus this year is on top-end models with the new generations of the Audi A8 and Audi A7. Audi will unveil the A8 at the first Audi Summit to be held in Barcelona on July 11.
Audi plans to have over 30% fully or partially electric sales by 2025.
In the first quarter of 2017, the Audi Group achieved an operating profit of more than EUR1.2bn. With an operating return on sales of 8.7 percent, it says it met its profitability target.
In full-year 2017, the company intends to slightly increase deliveries of Audi-brand cars compared with the number of 1,867,738 automobiles delivered in 2016.