Ferrari S.p.A., popularly known as Ferrari, is an Italian luxury sports car manufacturer headquartered in Maranello, Italy. It was founded in 1939, the company specializes in high-performance, innovative luxury vehicles.
According to reports, the Italian sports car manufacturer has revealed its plans to produce an all-electric vehicle in late 2025, with a starting price of $535,000 USD.
The company is also building a new plant in Maranello that will manufacture electric vehicles, as well as petrol and hybrid cars. The plant is expected to be fully operational in 3-4 months, with a production capacity of around 20,000 vehicles.
The report also mentions that Ferrari is developing a second electric vehicle model, but the process is still in its early stages.
