Ferrari, Capital Markets Day

According to Ferrari CEO Benedetto Vigna, the company will plan its first electric model in 2025. 

The luxury carmaker expects fully electric cars will make up 5 per cent of sales in 2025 and 40 per cent in 2030. 

On top of that, from battery cells modules to inverters will be handcrafted and will be assembled in its home based, Maranello. 

By 2026, Ferrari is offering three powertrains consists of 40 percent ICE, 60 percent hybrid and fully electric (EV). 

Adding new powertrain to the family, electric supercar could leverage on strong commonalities with internal combustion engine (ICE) includes technology transition from the racing world.

In 2026, Ferrari aims to achieve net revenues up to almost 30 billion ringgit (Euro 6.7 billion) with a compounded annual growth rate of 9 percent mostly driven by car-related activities backed by the rich product portfolio. 

“With their unwavering commitment and passion, the women and men of Ferrari are determined to flawlessly execute this strategic plan and to build on all the opportunities that lie ahead, embracing our founder’s will to keep alive the will to progress pursued in the past. 

We will continue to draw on our competitive advantages, uniqueness, and technological leadership, whilst taking actions to reach carbon neutrality by 2030” stated the Ferrari CEO. 

‘’If we preserve its heritage and values, it will lay a solid foundation for our future strategic plans” commented Ferrari Chairman John Elkann. 

The business plan also unveiled 15 cars to be debut between 2023 and 2026 and referring to Ferrari’s principle to build each designs uniquely for specific client demands. 

For now, the Purosangue V12 model will be launch soon in September 2022.