Munich - Audi has committed to invest 14 billion euros (R217bn) in developing electric cars, digitalisation and driverless cars in the coming years, the German brand announced on Tuesday.
The aim is to offer 10 fully electric vehicles and a further 10 hybrids by 2025.
"We are strongly goal-oriented on our path to e-mobility and will focus our efforts even more in the future," said temporary chief executive Bram Schot said at Audi's headquarters in Ingolstadt.
So far, Audi has no electric cars on the market, by contrast with its key competitor BMW, but the launch of the Audi e-tron SUV is planned before the end of this year.
The e-tron is set to be followed by the e-tron GT Sportback in late 2020, and it's already been previewed by a striking new concept car revealed at the Los Angeles Auto Show last week.