Audi is setting itself bold profitability targets even because it expands its electric-vehicle gross sales efforts, Der Spiegel reported, citing individuals aware of the matter.

CEO Markus Duesmann plans to make Audi the most important revenue contributor of mum or dad Volkswagen Group, focusing on a return on gross sales of greater than 11 p.c in 2025, up from 5.5 p.c final yr, the journal mentioned Saturday.

Audi expects to promote greater than 2 million automobiles this yr and should goal 3 million bought autos by 2030, Der Spiegel mentioned.

Duesmann sees EVs changing into as worthwhile as combustion-engine automobiles in two to a few years, the journal mentioned.

Audi mentioned final month that it’s going to phase out production of combustion engines by early next decade besides in China, as the corporate accelerates its transition to changing into an electric-only automaker.