Audi teases E-Tron GT due next decade

Audi teases E-Tron GT due next decade

Audi teases E-Tron GT due next decade

First came the Tesla Model S, followed by the Model X.

Stadler promised that by 2025 Audi would offer about 20 electrified models, more than half of them will be full-electric vehicles.

The new model will become a flagship for the automaker's Audi Sport brand, CEO Rupert Stadler said at the brand's annual financial results press conference on Thursday. Late this year, the company's first fully electric series- produced model will be launched- the Audi e-tron. We've all seen the performance potential of electric vehicles, with cars like the Tesla Model S breaking 0-60 miles per hour records, so something fast, sleek and entirely electric from Audi is very enticing.

This presages a production auto due to be built from 2020 alongside the Audi R8 supercar, chief executive Rupert Stadler confirmed. Solidifying the e-tron GT's performance credentials are the fact that it will be based on the same platform as the Porsche Mission-E.

The Audi Group announced that the company has increased its revenue and earnings under hard conditions in 2017 as the revenue surpassed the mark of €60 billion, which is more than double of what they did over the last eight years. The rendering seems to show the decision came down on the side of a sedan.

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The concept version of the e-tron quattro features three electric motors - one for the front axle and two for each rear wheel.

Audi has set up battery-making facilities in Brussels where the carmaker will start making the all-electric e-tron sport-utility vehicle this year.

Audi describes the new sports EV as "highly dynamic" and using "purely electric drive".

Future larger, higher-performance battery-electric models from VW Group's higher-end brands will ride on a shared architecture known as PPE.

Last year, the brand managed to cut spending by 1 billion euros thanks to cuts in research and development, sales and other departments to help allot more funding for electric-car production.

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