CEO Denies Leap Motor Ties

Ferrari CEO Benedetto Vigna reaffirmed the Italian model’s dedication to sustaining management of its core applied sciences, because it prepares for the unveil its first all-electric car in October. In a latest interview with Bloomberg, Vignia mentioned that key elements will proceed to be developed in-house. Whereas he acknowledged ongoing enterprise relationships with suppliers in Asia for non-strategic components, he dismissed hypothesis a couple of potential collaboration with Chinese language EV startup Leap Motor, clarifying that Ferrari doesn’t buy platforms or strategic elements from exterior sources.

If we have a look at Ferrari’s journey with electrification, it has its roots within the KERS (Kinetic Power Restoration System) utilized in F1 race automobiles within the late 2000s. The corporate first launched hybrid-electric expertise in a road-going mannequin with the La Ferrari hypercar in 2013 . Since 2020, automobiles just like the SF90 Stradale and the 296 GTB have expanded electrification throughout the lineup.

The upcoming EV can be its first battery-electric car, and Ferrari has invested closely in a brand new meeting facility for the manufacturing of each hybrid and BEVs. The ‘E-Constructing’ plant, north of its Maranello campus, can be central to Ferrari’s subsequent technology of autos is now almost full. Spanning 42,500 sq. meters, it is going to assist enhance the annual capability by 6,000 models. With a Vigna added that consumers will quickly have the selection between conventional fuel/ICE, hybrids, and EVs, with 60% of fashions being provided by 2026, coming from electrified fashions.

Additionally, within the face of U.S.-China commerce tensions and looming tariffs, Ferrari has already adjusted its pricing construction. Vigna has mentioned that any automobiles invoiced earlier than April 2nd would see no worth hikes, and fashions just like the Roma, 296 and SF90 will stay unaffected whatever the order date. Fashions just like the 12Cilindri, Purosangue SUV and F80, will see a rise of as much as 10%.

Even in these unsure occasions and volatility within the auto market, Ferrari’s inventory has been comparatively secure, and that is mirrored by a full order-book by way of 2026. Vigna mentioned that world demand stays sturdy and is rising, significantly in new areas like Korea and Jap Europe, increasing its attain past conventional markets. Demand in China alone has doubled since earlier than the pandemic, however quantity remains to be modest in comparison with Europe and the US. 

The upcoming EV marks a pivotal second within the Italian automaker’s historical past and whereas combustion engines are on the very coronary heart of any Ferrari, the corporate says that it is going to be rooted within the model’s racing heritage. It is going to be one among six new fashions that Ferrari plans to launch this 12 months and extra particulars can be revealed by the CEO on Could 6, 2025, throughout Ferrari’s earnings name.

Supply: Bloomberg, Ferrari