“Electrification is a way to improve the performance” of Ferrari cars, Vigna said, during the presentation of the group’s new strategic plan for 2022-2026 in Maranello, Ferrari’s headquarters in northern Italy.
Vigna also confirmed that Ferrari’s first 100% electric vehicle would be unveiled in 2025, as planned.
“Ferrari’s first all-electric car will be 100% sporty,” said the brand’s commercial director, Enrico Galliera, in an interview with AFP.
“We are going to develop an electric car that will provide the same emotions as when you drive a traditional Ferrari,” he promised.
The manufacturer plans to expand its production plant in Maranello and create a third production line for the manufacture of hybrid and electric vehicles.
The production of hybrid and electric motors as well as the development of electric batteries will be done in a new plant building.
“The construction of that unit will be ready by 2025,” just in time to launch the first electric model, Galliera said.
Investments should reach 4.4 billion euros (more than 4.6 billion dollars) accumulated during the 2022-2026 period, of which approximately 75% will be dedicated to product development and 25% to infrastructure.
By 2026, 40% of investments dedicated to products will go to hybrid cars and 35% to electric vehicles, details Ferrari’s new strategic plan.