Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Ferrari Expands Its Lineup with First All-Electric Vehicle Set for October Launch

Daniel Kim Views  

Ferrari
Ferrari

Italian supercar manufacturer Ferrari will unveil its first all-electric vehicle on October 9. ANSA reported that Ferrari CEO Benedetto Vigna announced this news during a conference call following the company’s recent earnings report on February 4.

The upcoming electric vehicle (EV) is one of six new models Ferrari plans to launch this year. This move marks Ferrari’s bold entry into the EV market following its introduction of hybrid models in 2019.

Vigna emphasized that the company is not merely transitioning to electric vehicles but is expanding its lineup to include them. This approach suggests a coexistence strategy between internal combustion engine models and EVs.

Ferrari reported a net profit of €1.53 billion (approximately $1.63 billion) last year, marking a 21% increase from the previous year. This performance improvement was due to a strategy aimed at increasing profitability, even though vehicle deliveries only saw a modest increase of 89 units year over year, totaling 13,752 units. Vigna noted that customers who owned two or more Ferraris accounted for 48% of the vehicles delivered last year, with 81% sold to existing customers.

The regional sales data show that the European, Middle East, and African markets remained robust, with 6,204 deliveries. The U.S. market grew by 5%, delivering 4,003 units. The Asia-Pacific region (excluding China) saw a 4% increase with 2,383 deliveries. However, the Greater China market (encompassing China, Hong Kong, and Taiwan) experienced a significant 22% decline, with deliveries dropping to 1,162 units.

Ferrari is introducing EVs to maintain its brand identity while continuing technological innovation. The focus is on how the first electric car, unveiled in October, will set itself apart from current supercars.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Honda's NSX Returns: A 1,000-Horsepower Electric Rival to Lexus LFR
  • Honda’s S7 Electric SUV: A Major Player in the Race for EV Dominance
  • Lamborghini's First EV: A 2,000-Horsepower Beast Built for Speed and Emotion
  • Ford Revives Classic Design with the 2025 Bronco Heritage Edition
  • ID.EVERY1: Volkswagen's $21K Electric Vehicle Aims to Make Green Driving Accessible
  • Toyota’s bZ3X SUV Surges with 10,000 Pre-Orders: A New Era in EVs

You May Also Like

  • 1
    How Many Calories You Burn While You Sleep Might Surprise You

    LIFESTYLE 

  • 2
    Researchers Say This One Policy Shift Could Save Millions of Lives

    LIFESTYLE 

  • 3
    Trouble Sleeping? Your Personality Might Be the Reason Why

    LIFESTYLE 

  • 4
    This Simple Habit Could Lower Heart Failure Death Risk From 21% to 11%

    LIFESTYLE 

  • 5
    This One Ratio Could Be the Key to Spotting Heart Failure Early

    LIFESTYLE 

Popular Now

  • 1
    His Dad Went Blind From Glaucoma—He Nearly Did Too by Skipping an Eye Exam

    LIFESTYLE 

  • 2
    Experts Say: Crash Diets Can Wreck Your Body—and Your Mind

    LIFESTYLE 

  • 3
    Why You Should Stop Reboiling Water in Your Kettle

    LIFESTYLE 

  • 4
    You Found Old Yogurt in Your Fridge—Should You Toss It or Eat It?

    LIFESTYLE 

  • 5
    What’s Sea Moss—and Why Is Everyone Adding It to Smoothies?

    LIFESTYLE 

Must-Reads

  • 1
    How Many Calories You Burn While You Sleep Might Surprise You

    LIFESTYLE 

  • 2
    Researchers Say This One Policy Shift Could Save Millions of Lives

    LIFESTYLE 

  • 3
    Trouble Sleeping? Your Personality Might Be the Reason Why

    LIFESTYLE 

  • 4
    This Simple Habit Could Lower Heart Failure Death Risk From 21% to 11%

    LIFESTYLE 

  • 5
    This One Ratio Could Be the Key to Spotting Heart Failure Early

    LIFESTYLE 

Popular Now

  • 1
    His Dad Went Blind From Glaucoma—He Nearly Did Too by Skipping an Eye Exam

    LIFESTYLE 

  • 2
    Experts Say: Crash Diets Can Wreck Your Body—and Your Mind

    LIFESTYLE 

  • 3
    Why You Should Stop Reboiling Water in Your Kettle

    LIFESTYLE 

  • 4
    You Found Old Yogurt in Your Fridge—Should You Toss It or Eat It?

    LIFESTYLE 

  • 5
    What’s Sea Moss—and Why Is Everyone Adding It to Smoothies?

    LIFESTYLE 

Share it on...