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 current interview with Bloomberg, Vignia mentioned that key parts will proceed to be developed in-house. Whereas he acknowledged ongoing enterprise relationships with suppliers in Asia for non-strategic elements, he dismissed hypothesis a couple of potential collaboration with Chinese language EV startup Leap Motor, clarifying that Ferrari doesn’t buy platforms or strategic parts 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 vehicles 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, vehicles just like the SF90 Stradale and the 296 GTB have expanded electrification throughout the lineup.

The upcoming EV will likely 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, will likely be central to Ferrari’s subsequent era of automobiles is now almost full. Spanning 42,500 sq. meters, it is going to assist increase the annual capability by 6,000 items. With a Vigna added that patrons will quickly have the selection between conventional gasoline/ICE, hybrids, and EVs, with 60% of fashions being supplied 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 vehicles 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 instances 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 international demand stays sturdy and is rising, significantly in new areas like Korea and Japanese Europe, increasing its attain past conventional markets. Demand in China alone has doubled since earlier than the pandemic, however quantity continues 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 will likely be rooted within the model’s racing heritage. It will likely be certainly one of six new fashions that Ferrari plans to launch this yr and extra particulars will likely be revealed by the CEO on Could 6, 2025, throughout Ferrari’s earnings name.

Supply: Bloomberg, Ferrari