Audi’s Board of Management has been outlining its model plans for the next few years to shareholders at its Annual General Meeting in Neckarsulm, Germany.

“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.

The focus this year is on top-end models with the new generations of the Audi A8 and Audi A7. The company will unveil the A8 at the first Audi Summit to be held in Barcelona on July 11. With this new event concept, the Ingolstadt-based company wants to “create an exclusive presentation format all around the Four Rings”. “There, we will show the world everything that defines Vorsprung durch Technik and our brand,” explained Stadler.

In April, Audi agreed on a new development cooperation with Porsche for future vehicle architectures. Part of the cooperation is the development of shared premium architecture for electrification – a lever to enhance the competitiveness of electric cars. By 2025, Audi intends to achieve a proportion of one third fully or partially electric models in its unit sales.

In addition to the traditional car business, Audi will expand its range of digital services in the future. With myAudi, the company aims to create a consistent entry into the brand’s digital world and establish a platform for a wide range of online services, which will be open also for third-party providers to offer services. Audi is also expanding its mobility services for urban areas and intends to offer them in more than 15 markets worldwide by the end of this decade.

With a subsidiary founded in March 2017, Audi will also take over the leading role within the Volkswagen Group in the development of autonomous driving. Autonomous Intelligent Driving GmbH is working on the technology for driverless vehicles in urban environments, which will be applicable in models of various brands. The technology is to be ready for application in a first small series of cars early in the next decade.

“We are financing our transformation out of our own resources,” said Axel Strotbek, Member of the Board of Management of AUDI AG for Finance, IT and Integrity. “Our business operations are robust also in the currently challenging situation. On the side of expenditure and investment, our ‘Speed up!’ program is helping us to achieve a high level of efficiency and thus a maximum focus on the topics of the future.”