Ferrari plans to finish development subsequent June of a further plant at its Maranello headquarters to construct its first electrical automobile, CEO Benedetto Vigna mentioned on Monday throughout an investor convention organized by Bloomberg.

Known as the “e-building,” the plant will construct future EVs from the model, along with fashions containing internal-combustion engines, Vigna mentioned. The plant will even construct elements for electrified automobiles, together with motors, inverters, and batteries.

Although the plant can be prepared subsequent 12 months, quantity manufacturing of Ferrari’s first EV is not deliberate till 2026. The EV, considered an SUV, is barely scheduled to debut within the fourth quarter of 2025, Vigna mentioned.

Along with EVs, Ferrari additionally plans extra plug-in hybrid fashions in its quest to scale back emissions. Vigna in 2022 mentioned Ferrari has a purpose of turning into carbon impartial by 2030. Different particular targets he talked about at the moment included rising gross sales of electrified fashions to 60% by 2026 and 80% by 2030—with that 80% break up evenly between EVs and hybrids.

Benedetto Vigna

Because it does with its internal-combustion powertrains, Ferrari plans to develop its personal electrical motors, inverters, and batteries and can goal industry-leading figures for weight and energy density. The automaker will work with companions in some areas, although, notably in relation to superior battery expertise, like solid-state batteries, which Vigna has beforehand mentioned Ferrari is exploring.

Ferrari is understood to even be exploring the use of sound turbines to make EVs extra engaging. One of many greatest allures of a Ferrari is the sound of its engine, and the corporate clearly will not need to lose this trait when it rolls out EVs. Latest patents have proven Ferrari is taking a look at a system that works by measuring the resonance frequencies of key powertrain elements just like the motor and transmission, after which amplifying this to ship a considerably genuine sound.

Ferrari in 2022 earmarked roughly $4.6 billion to fund all of those undertakings, with a lot of the funds to be spent on product improvement.