ALBAWABA – Ferrari, the Italian luxury sports car manufacturer, announced launching its first electric car. The company said it will partner with other specialized entities to develop the new model.
Ferrari’s new electric car
Benedetto Vigna, CEO of Ferrari, stated: “We are respecting the timeline, it will be a truly very fast Ferrari. We are fully on track with the project, the new car will be presented in the fourth quarter of 2025. We are working with unusual partners to develop this full electric car,” according to Bloomberg.
Sources revealed that the new Ferrari’s electric car will approximately be priced for $535,000 (500,000 euros). The company also plans to establish a new factory to start producing the new model which aims to increase the production line of the company by one-third.
Sources revealed that the new Ferrari’s electric car will approximately be priced for $535,000 (500,000 euros). (Shutterstock)
The Italian company said the new electric model is set to be released at the end of 2025. Ferrari is confident it will resonate with enthusiasts, even as other electric car manufacturers cut prices due to weak market demand.
The company said that Jony Ive, former Apple design chief, will be responsible for designing the interior of the new electric model. Ferrari fans are anticipating the new vehicle. Vigna also added: “What I’m sure of is that it will definitely be very, very fast.”
