Audi to rival Tesla with upcoming electric four-door e-tron GT

Audi to build four-door electric sports car in 2020

The e-tron GT is slated to be built at the Neckarsulm plant (below) where the R8 is now assembled.

While confirming plans for the e-tron GT, Stadler also revealed Audi's first pure electric model, the e-tron quattro SUV, will cost from €80,000, the equivalent of $A126,000, when sales officially begin in Germany later this year. Audi Sport will be jumping into the mix as well, with its own performance-oriented EV in the coming years - the Audi e-tron GT. Audi will stage the world premiere of the battery-electric vehicle this summer in Brussels.

The much lower, sleeker e-tron GT won't follow immediately, but is likely to arrive in the early years of the 2020s.

Audi NSUG.DE expects no further provisions for its "dieselgate" emissions scandal this year after setting aside a total of 2 billion euros ($2.47 billion) in 2016 and 2017, its finance chief said. The latest competitor that will enter the fray is coming from a well-known luxury auto manufacturer: Audi. Audi claims to have completed extreme condition testing across the globe on nearly 250 development vehicles before revealing the e-tron show auto. Like the rest of the Volkswagen Group, Audi plans to launch 20 electrified models by 2025, more than half of which will be fully electric.

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"We interpret sportiness very progressively with our fully electric e-tron GT, and this is how we will take our high-performance brand Audi Sport into the future", said Rupert Stadler, Chairman of the Board of Management of Audi.

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.

The e-tron rides on an adaptation of Audi's MLB architecture for gasoline cars, called MLB-Evo, while the Porsche Mission E rides on a dedicated platform called P1. Against this backdrop came the announcement that all core Audi models will soon be offered with "at least mild hybrid" engine options.

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