Audi AG plans to show an electric crossover with a range that rivals Tesla Motors Inc.’s Model S, stepping up pressure on the electric-car maker as it prepares to add an SUV of its own.
Audi’s E-tron Quattro concept, which will be unveiled next month at the Frankfurt auto show, can drive more than 500 kilometers (310 miles) before needing to recharge, the Ingolstadt, Germany-based carmaker said Wednesday in a statement. That beats Tesla’s stated 420-kilometer range for the base version of the Model S, but trails behind the 528 kilometers of the 85D variant.
The display car is equipped with three electric motors and includes movable components at the front, side and rear to improve aerodynamics and extend the driving range. The E-tron concept is a precursor for an electric sport-utility vehicle that Audi plans to start producing in 2018.
Tesla, run by billionaire Chief Executive Officer Elon Musk, is seeking to sell about 2.7 million shares to gain breathing room as it prepares to start shipping the Model X SUV, its second model. The company, increasingly a threat to larger luxury-car brands like Audi because of the allure of its vehicles, hasn’t said how far its electric SUV will be able to go on a single charge.