Audi is planning three new SUVs by the end of the decade, including a Q1 crossover, luxurious Q8 and a model with an electric drivetrain.

Revealed during the carmaker’s 126th Annual General Meeting, held in Neckarsulm, the cars are a few of the newcomers which will take its range to 60 models by 2020 – up from 52 in 2015. The company will invest €24bn in its facilities by the end of 2019, developing new technologies and increasing production capacity.

New SUV models will arrive starting with the Q1 next year, underpinned by the same platform used in the A3 and offering a crossover variant in the A1 model line. The Q8 – which will take on the Mercedes-Benz GL-Class (soon to renamed the GLS) will follow in 2019 and is likely to share its platform with the new Q7 launching later this year.

There are fewer details about the third SUV, which Audi says will be a sports-focused model featuring an electric drivetrain, due in 2018. This could denote fully-electric system similar to the forthcoming Tesla Model X, or possibly a plug-in hybrid or range-extender setup – both of which have been displayed in concept cars and production models.