Ferrari opens a new plant where it will produce its first electric vehicle

The Italian supercar maker has just inaugurated a new plant in Maranello. It is precisely there that it will produce its first electric model starting next year, as well as the engines and batteries for it. This new plant represents a significant milestone in the history of Cavallino Rampante. However, although its name “e-building” suggests it will be dedicated exclusively to the production of electric vehicles, the truth is that the company also plans to manufacture cars with internal combustion and hybrid engines in these same facilities.

In the “e-building”, Ferrari has begun trial production with the Purosangue and the SF90, and series production will not start until 2025. On the other hand, we will have to wait until 2026 for the first units of Ferrari’s new electric model to begin rolling off the assembly line, after being officially presented at the end of 2025.

In addition to its supercars, Ferrari will produce in the “e-building” its internal combustion engines, hybrid engines, electric motors, high-voltage batteries and axles. With a height of 25 meters and a total surface area of 42,500 square meters, the new plant has a basement for general systems, a ground floor for vehicle assembly and logistics, a mezzanine also for general systems and offices, and a second floor for the assembly of vehicles, engines and components. Its staff is made up of more than 300 employees.

What little we know about Ferrari’s first electric model is that it will certainly not be cheap

Everything points to the first electric model from Ferrari having a starting price of half a million euros before options. In the first quarter of 2024, the average selling price of a Ferrari and of many luxury electric competitors was around 350 thousand euros, which indicates that this model will be positioned in an even higher Premium segment. High prices, limited production and long waiting times contribute significantly to the prestige of Ferrari. A conclusion that is easy to reach if we note that the company sold only 13,663 vehicles in the whole of 2023. Meanwhile, in the first quarter of 2024, registered sales amounted to just 3,560 vehicles.

According to some experts, the “e-building” could help Ferrari expand its annual production capacity to approximately 20 thousand vehicles, although the company could voluntarily limit this figure and stay below it.

Likewise, some sources also point out that the initial development of Ferrari’s second electric vehicle is already underway. Highlighting that a possible increase in the company’s annual production would only be the consequence of an expansion of its product line, since Ferrari wants to keep the number of units per model within certain parameters.