The Mercedes-Benz S-Class will have an extended lifespan before being replaced by a successor offering the choice of gas or electric powertrains.

The Mercedes-Benz S-Class has always been the boundary-pushing model in the automaker’s catalog. Its ultra-rich price tag buys the best tech available, and it appears the car is about to get a significant update that will bring even more “new stuff.

Mercedes-Benz has once and for all confirmed that a smaller, more affordable G-Class is on the way. The carmaker revealed the news in a lengthy release tied to its latest presentation to investors, in which it detailed the brand’s future — and also committed to a design language overhaul that will do away with the current split in appearance between its ICE and electric vehicles.

The move would help Mercedes achieve its goal of localizing 70 percent of production in 2027. The company would like the factory to produce 200,000 cars a year for the US, and the

Electric C-Class and GLC are also planned.