Ferrari’s drive for electrification is gaining momentum, as evidenced by a new report. The Italian automaker is preparing to announce that it will significantly expand its production facilities in Maranello.
Ferrari plans to dedicate this third assembly line to the production of hybrid and electric cars and will announce its plans on June 16. About Ferrari’s plans, Bloomberg writes with reference to insiders. According to them, Ferrari’s expansion may include facilities for a new battery research and development center.
Ferrari CEO Benedetto Vigna will announce the plans and outline the automaker’s strategy for electric vehicles. Vigna will talk in detail about the company’s business plan for the next four years, which should include the launch of the first electric car in 2025. Initially, Ferrari planned to introduce its first electric car sometime after 2025, but at the beginning of 2021, this schedule changed.
“A few months after the launch of the electric car, Ferrari announced that it had appointed Vigna as its new CEO, who had worked in the technology industry for decades.”
He spent 26 years at STMicroelectronics, and it is this experience that Ferrari hopes will help the company navigate an electrified future. Earlier this year, Vigna announced major changes to the company’s organizational structure.
Read also: Ferrari has shared its plans for the future
Ferrari’s first all-electric car is still a long way off, but a patent application in February allowed us to look at the possibilities. The application showed that Ferrari had developed a chassis that could accommodate hybrid and electric powertrains for its sports cars, with the passenger compartment located on top of the battery.