Audi is planning three new SUVs by the end of the decade, including a Q1 crossover, range-topping Q8 and one with 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 (£17bn) 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, which Audi confirmed in 2013 will be underpinned by the same platform used in the A3 and broaden the A1 family to include a crossover version. 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.

Audi says the newcomers will set out the foundations for ongoing growth. The carmaker delivered 591,000 cars in the first four months of the year and, with the new Q7 and A4 arriving during 2015, it expects this to be a record year.