By Ferrari is accelerating its electric future, allocating €300 million to R&D in Q1 2025 (+40% YoY) as it finalizes its first full EV prototype. The luxury automaker confirmed plans to debut the model in late 2026, targeting a sub-2-second 0-60 mph acceleration.
EV Strategy Details:
- Battery Tech: Partnering with Solid Power for solid-state batteries.
- Charging Network: Exclusive “Ferrari Energy” stations to debut in EU/US.
- Price Tag: Estimated €500,000+, maintaining ultra-exclusive positioning.
Market Context:
- Competition: Rivals like Lotus (Emeya) and Tesla (Roadster 2.0) vie for high-end EV dominance.
- Investor Concerns: Ferrari shares dipped 2% post-announcement on margin compression fears.
CFO Commentary:
“Electrification is non-negotiable,” said CFO Antonio Picca. “Our clients expect Ferrari-level performance, whether ICE or electric.”