There’s a new Audi model coming that will be positioned between the entry-level A1 and A3 Hatchback and soon-to-be released A3 Sedan, and now we have our first tangible evidence as to how it may look.

We’re of course talking about the Audi A2, the long-rumored successor to the previous aluminum constructed A2 hatch that was sold--relatively unsuccessfully--in Europe in the earlier part of the last decade.

The automaker from Ingolstadt has unveiled a new A2 concept car, but unlike the original this one has an e-tron electric drivetrain.

It measures 12.47 feet in length, 5.54 feet in width and sits just 4.89 feet in height, and inside its cabin there is said to be ample room for four. The dark glass roof of the white-painted concept has the ability to switch to transparency with the push of a button.

With its headlights, Audi is presenting the next phase in LED technology, known as matrix beam. A package of LEDs and microreflectors generate a high-resolution and non-glaring high-beam light. Nice, but not as exciting as BMW’s laser headlight technology.

There’s also a band of LED detailing that runs the length of the body of the A2 concept and into the four-seat cabin. Inside, the A2 concept has a flat floorboard. The center console is attached to the driver’s seat; the rear console extends forward between the two rear seats.

Power comes from a 114 horsepower and 199 pound-feet of torque electric motor driving the front wheels. This motor is linked to a lithium-ion battery stored in the floor that takes just 1.5 hours to charge using a custom 400 volt charger, or around 4 hours using a regular household power outlet. It stores 31 kWh of energy, 24 kWh of which is usable.

The driving range is a claimed 124 miles, while the 0-60 mph sprint will take you 9.3 seconds and top speed is limited to 93 mph.

The entire thing weighs only 2,535 pounds, which is about the same weight as the smaller Audi A1 and very impressive for an electric car. The key is its construction, which is a mix of aluminum and carbon fiber.

Additionally, its 18-inch wheels were developed using ‘cladding technology,’ where a lightweight alloy center is clad in composite material to result in a wheel that weighs no more than 4.5 pounds.

Stay tuned for live photos, but in the meantime click here to follow our complete coverage of the 2011 Frankfurt Auto Show.