Audi has announced a new electric vehicle called the E-Tron GT Concept. It is a sedan that runs on the same drivetrain and battery platform that will be in Porsche’s first EV, the Taycan.

Sitting up on 22s, the E-Tron GT is powered by a 90kWh battery pack generating 434 kilowatts of power, or 590 horsepower. That means 0 to 60 mph in about 3.4 seconds. No word yet on pricing, but expect the E-Tron GT to be priced similar to the Tesla S.