General Motors will produce an electrified Chevrolet Corvette next year, followed by an all-electric version of the iconic sports car, GM President Mark Reuss said Monday.

Reuss said the automaker will continue to manufacture traditional models with internal combustion engines alongside the electrified models. He declined to disclose when the all-electric Corvette would be released or whether the “electrified” model would be a traditional hybrid or plug-in hybrid electric vehicle.

“We will have an electrified Corvette next year, so it’s coming very quick,” Reuss told CNBC’s Phil LeBeau during an interview on “Squawk Box.” “This is in addition to all of the great performance that Chevrolet and Corvette have been known for, for many, many years with our internal combustion engines.”

GM’s confirmation of the electrified Corvettes comes amid increased pressure from Wall Street for legacy automakers to better compete against EV industry leader Tesla. It also comes a day before GM’s crosstown rival, Ford Motor, is scheduled to host an event for its electric F-150 Lightning pickup, which has received significant attention from investors and media.

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