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Everything we know so far about Ferrari’s first all-electric model

The brand is building a hybrid and EV factory

  • Ferrari is ahead of schedule with the production of its first all-electric model
  • Hybrids are the biggest sellers for the brand at 51% of total shipments
  • Ferrari is creating a new factory for hybrid and electric supercars in Maranello, Italy

 

Published on May 1, 2024 at 3:50PM (UTC+4)

Last updated on May 2, 2024 at 6:51PM (UTC+4)

Edited by Tom Wood
Everything we know so far about Ferrari's first all-electric model

Good news for those waiting with bated breath: Ferrari is ahead of schedule with the production of its first all-electric model.

After impressive third-quarter earnings, Ferrari is already fine-tuning components for its all-electric prototype.

The prancing-horse’s first battery-powered supercar is on track to drop during the last quarter of 2025.

READ MORE! Which celebrity has the best car collection in Hollywood?

Ferrari CEO, Benedetto Vigna, spoke to reporters last week.

“Ferrari’s first fully electric model project is going as planned but for some processes, we are even ahead of schedule,” he said.

Technicians are already addressing electronic-part issues earlier than anticipated.

And it’s hoped that this will bring the entire development process for the all-electric car forward.

With the knowledge that hybrids are the biggest sellers at 51% of total shipments, Ferrari is creating a new factory for hybrid and all-electric supercars in Maranello, Italy, close to its headquarters.

The quarter included nine internal combustion engine models and four hybrid engine models in its model lineup.

Vigna claims that it will be prepped for production by June 2024.

Ferrari puts its impressive third quarter down to pricing power and car modifications.

The company expects earnings to reach at least $2.39 billion this year.

That’s a 37 percent boost in the July-September period.

All Ferrari models except one were sold out for the coming months, per Vigna.

Asia’s richest person’s son, Akash Ambani, is certainly a fan, driving a $1 million Ferrari, escorted by a 9 SUV convoy

While the F8 Spider is approaching retirement, the third quarter was driven by the 296 and SF90 families.

The Ferrari 812 Competizione A and Purosangue four-seater also leveled up.

The LaFerrari hypercar’s successor, codenamed F250, was recently spotted and captured on camera.

The stunning hypercar is expected to be unveiled later this year.

The LaFerrari hypercar successor is rumored to be the most powerful, fastest Ferrari yet.

Such is the prestige of LaFerrari, it’s even been used to sell real estate.

Some of the images in this story were created using AI.

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