Upcoming Audi e-tron GT to rival Tesla Model S

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Audi said the e-tron GT, which will be produced at the firm's Neckarsulm factory, will be "highly dynamic" and shows the direction of the company's performance division.

While it might be awhile, as we've heard that Audi Sport was going to be taking a slow approach to electrification, Audi CEO Rupert Stadler feels EVs are necessary for the future of the brand.

When challenged at the conference about which Audi model would be the first to use the Volkswagen Group's pure-electric MEB platform that's set to underpin VW's I.D. line-up, Stadler stated: "It'll be a neat, chic vehicle, with SUV character".

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.

Not much else is known, but the vehicle will likely share more than a little DNA with Porsche's Mission E which will precede the E-Tron by a year or two. The automaker announced the new model at its annual press conference this week and released a sketch of a prototype version.

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"The first models based on the PPE are planned for the end of 2021". An E-Tron Sportback is due next year and will also make Brussels its home for production.

Audi announced this week that it will be launching the e-tron GT in 2020, which will be a performance-oriented, low-slung EV sedan.

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. This compares with the €77,850 ($95,900) price tag Jaguar confirmed for the I-Pace at the Geneva show. By comparison, the Telsa Model X is priced from €96,250 ($A152,000) in Germany. Once it arrives, the GT will be Audi's e-tron flagship auto.

Horst Glaser, the executive vice-president for technical development at Audi, told Auto Express the vehicle would be "around about" the size of the current Q3.

Audi has committed to offering customers 20 fully battery-electric models by 2025.