ElectricDrives’ Post

Ferrari, with first electric supercar coming in 2025, warns rivals over Chinese EVs Although its first fully electric supercar is not due out until next year, Ferrari is warning rivals about incoming Chinese EVs. Ferrari’s boss claims new competition from China should be a “call to action” for EU automakers. Ferrari warns rivals with Chinese EVs surging “For me, this is a call to action for Europe,” Benedetto https://lnkd.in/ghyEBjPQ

Ferrari’s First Electric Car to Cost at Least €500,000. (19.06.24) (Bloomberg) -- Ferrari NV’s first electric car will cost at least €500,000 ($537,000), Reuters reported. The price doesn’t include features and personal touches that typically add 15-20% and compares with the average sale price of around €350,000, including extras, for a Ferrari in the first quarter of this year, according to the report. The Italian supercar brand is also developing a second EV model, though the process is at an early stage, it said, citing a person familiar with the matter it didn’t identify. Ferrari is confident its first fully electric supercar can sell just as well as its roaring combustion-engine models, Chief Executive Officer Benedetto Vigna said in an interview with Bloomberg Television last month. The model, which will reinterpret the sound an electric motor makes, will be unveiled in the fourth quarter of next year, he said. The company is building a new factory for making hybrid and electric supercars in Maranello, Italy, that will be unveiled in late June, the CEO has previously said. That facility will eventually allow the automaker, which delivered fewer than 14,000 cars last year, to boost production capacity to around 20,000, according to the Reuters report. Ferrari did not respond to a request for comment from Reuters about the price of its first EV or its new plant. #affinmoneybrokers

As part of its new Warranty Extension Hybrid and Power Hybrid programs Ferrari will replace the high-voltage battery packs (HVB) of the cars covered in their eighth and 16th year of life. The move aims to help owners preserve the resale value of their Ferraris as batteries, which tend to lose efficiency over time, become central to the value of electrified cars. Ferrari already offers a five-year warranty on their plug-in hybrid powertrain parts. The two programs, which will transfer to any subsequent owner, are aimed to "preserve the performance and excellence" of plug-in hybrid Ferraris over time, the company said. https://lnkd.in/eHiwCv7T

🚗🔌 The future of electric cars - there is a lot of uncertainty right now in the short term as a number of competing influences impact when, or if at all, a majority of us will be driving electric cars: 📝 Even if we could come to a landing on domestic production issues, Chinese production and sale of cheap vehicles is set to disrupt things in many countries. 📝 Along with domestic production of the actual cars, we want domestic (or at least friendly ally) production of the metals that go into the cars (lithium, nickel, copper etc.) Getting that domestic metals production online has proven to be challenging as we can't break free from long lead times. 📝 Charging infrastructure has the same issue that other industries (think cell phone towers) have - a wide open country with low population density and brand fragmentation across different technologies. So when I think about car brands that will successfully transition to electric models, the last one I think of is the one with the most iconic engine sound - Ferrari. But I would be wrong. As arguably the most iconic luxury car company in the world, Ferrari’s foray into the world of electric supercars has been keenly anticipated. It’s also been highly secretive. But, some details did emerge this week from Reuters (https://lnkd.in/gu6E4DZ5) that Ferrari’s first electric effort will start at a hefty €500,000 — well above the company’s current average selling price of ~€350,000. The first Prancing Horse EV is expected in late 2025 and a second model is already in development. So if you have been struggling with do you buy a Ferrari or an EV, you may soon be able to kill two birds with one stone as Sherwood News points out in this article from William Coulman.

10 New Electric Cars Coming In 2024! 😱 There’s some exciting EVs coming out this year, including some you may not have heard of… 👀 ✅ 1. Hyundai IONIQ 5N ✅ 2. MG Cyberster ✅ 3. Mercedes EQG ✅ 4. Porsche Macan EV ✅ 5. Xpeng G6 ✅ 6. KIA EV3 ✅ 7. Alfa Romeo Milano ✅ 8. Ford Puma EV ✅ 9. Polestar 4 ✅ 10. Dacia Spring + Volkswagen ID7 ✨ Which car are YOU most excited about? For me it’s the IONIQ 5N 🔥 Let me know in the comments! 👇 #electriccars #newcars #carbuying #ev #automotive #carindustry #automotiveindustry

Ferrari NV is gearing up to unveil its first electric car in 2025, with an expected price tag of at least €500,000 ($536,567). This cost significantly surpasses Porsche's electric Taycan. Stay updated on this exciting development here: [Link to the article] #Ferrari #ElectricCar #AutomotiveIndustry

The top 5 most in-demand cars of 2024 Highest ratio of leads-to-available listings right now: 1. 2023 Hyundai Santa Fe 2. 2023 Chevrolet Silverado 1500 3. 2024 Toyota Prius 4. 2024 Kia Carnival 5. 2024 Toyota Highlander Hybrid The data was collected from 700+ dealerships nationwide. It’s funny—10 years ago, I would never have expected to see Hyundai and Kia on this list. But the brands have come a long way and are highly desirable nowadays. More insights here: https://lnkd.in/gReXZXiF (Data via CDG partner: Foureyes #foureyespartner)

Automobili Lamborghini S.p.A. is holding off for now on making its roaring sports cars fully electric as skepticism around the technology grows. While performance won’t be an issue in an #EV, some emotional aspects (like the sound of the Huracan’s V10 engine) can’t be replicated, said Lamborghini boss Stephan Winkelmann. The Volkswagen-owned #brand also remains open to use e-fuels if regulation becomes more favorable; but fully electric sports #supercars is not something that is selling so far. It’s a tense time in the high-end #automotive sector, which is deliberating how to deal with regulatory pressure to lower emissions as demand for EVs slows and governments scale back subsidies for the technology. Mercedes-Benz AG has stopped development of separate underpinnings for electric luxury sedans to save money and plans to sell cars running on gasoline longer than expected. Lamborghini’s rival Ferrari is further along in its electrification push, and next month plans to open a factory that will make hybrid and electric supercars in Maranello, #Italy. Its first fully electric model is due next year.  BYD is trying to beat both to the punch after unveiling a 1.68 million yuan ($232,450) electric sports car in February... 😎 #cars #automotive #car #luxury #money #electricvehicles #ev #technology #tech #sustainability #marketing #automotiveindustry #madeinitaly #italia

Ferrari EV to Hit the Market at $500,000 Ferrari has announced that its first electric vehicle (EV) will be released next year, with a starting price around half a million dollars, far above the lower price points of competitors like Porsche. Despite the hefty cost, which can increase by an additional 15-20% with upgrades, Ferrari is confident in the demand for its high-end EV. The company is investing in a new factory in Maranello, Italy, set to begin operations soon, to produce both EVs and internal combustion engine vehicles. This expansion could boost Ferrari's annual production from 14,000 to approximately 20,000 vehicles, maintaining exclusivity with waiting lists of up to two years amidst rising demand. https://lnkd.in/evcP2JMw

Alfa Romeo Junior EV might come to US Alfa Romeo Junior is the automaker’s first EV The Junior wasn’t slated for the U.S., but Alfa Romeo might shift its plans If the Junior comes to the U.S. it might only be sold in certain states Alfa Romeo is considering bringing its Junior crossover—the automaker’s first EV—to the U.S., reports Automotive News Europe. The https://lnkd.in/gCtWAcXF