By 2025, electrified vehicles will make up 35% of Ferrari's overall production volume.
www.autonews.com
MARANELLO, Italy -- Ferrari makes some of the fastest cars on the road, but the Italian performance automaker is taking the slow lane to an electric future as it tries to overcome the technology's disadvantages against today's powerful fossil fuel engines.
At an investor day this month, executives promised a new era, with the first full-electric Ferrari in 2025.
But for now, combustion engines remain the noisy heart of what it does. Unlike some rivals, Ferrari has not provided a roadmap for going all electric. Volkswagen Group's Bentley brand and Volvo are both targeting 2030.
According to a source familiar with Ferrari's business plans, a new production line focused on EVs should help lift annual production at its plant in Maranello, Italy, more than 35 percent to more than 15,000 cars by 2025 versus 11,155 in 2021 -- or 65 cars a day versus 46 currently -- delivering higher profit margins in the process.
Ferrari declined to comment.
The automaker has told investors it is targeting a core profit (EBITDA) margin of 38 to 40 percent in 2026, versus 35.9 percent in 2021.
Ferrari to continue building internal combustion engines on its road to EVs
Although Ferrari's first EV will arrive in 2025 and the automaker already offers some plug-in models, the weight of batteries and an attachment to noisy, powerful engines are slowing the automaker’s shift.
www.autonews.com
At an investor day this month, executives promised a new era, with the first full-electric Ferrari in 2025.
But for now, combustion engines remain the noisy heart of what it does. Unlike some rivals, Ferrari has not provided a roadmap for going all electric. Volkswagen Group's Bentley brand and Volvo are both targeting 2030.
According to a source familiar with Ferrari's business plans, a new production line focused on EVs should help lift annual production at its plant in Maranello, Italy, more than 35 percent to more than 15,000 cars by 2025 versus 11,155 in 2021 -- or 65 cars a day versus 46 currently -- delivering higher profit margins in the process.
Ferrari declined to comment.
The automaker has told investors it is targeting a core profit (EBITDA) margin of 38 to 40 percent in 2026, versus 35.9 percent in 2021.
