AudiAudi CEO Rupert Stadler has revealed a huge growth plan at the brand’s AGM, that will swell its already-expansive model range from 52 cars to a full 60 models by 2020.

To achieve this, Audi will invest a record €24 billion between now and 2019 to hit the heady target.

Three of these cars will be all-new SUVs: the first, a compact crossover alternative to the Nissan Juke called Q1, will go on sale at the end of 2016.

A top-end SUV called Q8 will be launched in 2019, but before that, Audi also plans to launch an electric-drive sporty SUV in 2018, likely called Q6.

Before all that, Audi will also launch the vitally important (and somewhat overdue) new A4 in the second half of 2015, likely for a big reveal at the 2015 Frankfurt Motor Show in September.

Audi really needs this car to be good in order to take on the facelifted BMW 3 Series, impressive new Jaguar XE and World Car of the Year-winning Mercedes-Benz C-Class.

Stadler is nevertheless confident.  “We intend to continue growing this year – faster than the world market and in all regions. Our brand aims to set new records.”

Audi is almost certain to set a new sales record in 2015, beating last year’s total of 1.74 million cars. Revenue will also rise, helping the firm again post an anticipated profit margin of between 8-10%.