German automaker Audi plans to roll out over 20 new models by the end of 2025 across markets, Audi AG CEO Gernot Dollner said on Tuesday.

The company also plans to electrify all core segments by 2027.

The automaker has also lined up a capex of EUR 41 billion for the period between 2024-2028.

Audi AG will invest EUR 11.5 billion in the development of ICE (internal combustion engine), PHEV (plug-in hybrid electric vehicle) and other segments and EUR 29.5 billion for BEV (battery electric vehicles) and digitisation.

“The Audi Q6 e-tron is the start of an extensive product initiative that we will use to rejuvenate our portfolio over the coming years,” Dollner stated.

He further said: “We are planning more than 20 new models in 2024 and 2025, including the presentation of the A6 e-tron in the summer of 2024 and the new generation of the A5 and Q5 as the first models on the new Premium Platform Combustion (PPC) in the second half of the year.”

The group is positioning itself for the future economically, technologically and strategically, and planning to put new products on the street one by one, he stated.

Dollner said that despite the recent public debate, there is no doubt about the future of electric cars.

“At Audi, we will electrify all core segments by 2027 and have defined a fully electric target portfolio,” he stated.

In addition, the transitional period will require starting off with highly efficient combustion-engine models and plug-in hybrids, Dollner stated.

“The 50 per cent increase in electric vehicles delivered in 2023 confirms our path toward electric mobility,” he added.