Ferrari's first EV to cost over $500K: report
Where is the new plant for manufacturing Ferrari's EV located?
The new plant for manufacturing Ferrari's EV is located in Maranello, Italy. This facility will have the capacity to produce up to 20,000 cars per year, allowing Ferrari to expand its offerings of electrified cars. The plant is expected to be fully operational in three to four months.
By what percentage might Ferrari's output increase with the new EV plant according to the report?
The new EV plant could boost Ferrari's output by up to one-third, according to the report.
What is the projected cost of Ferrari's first electric vehicle as reported?
Ferrari's first electric vehicle is projected to cost at least $535,000, according to a source familiar with the matter2. This price tag is well above the average sales price for Ferrari vehicles in the first quarter of this year, which came in at about $376,000, as well as rival luxury EV offerings. The hefty price tag suggests that Ferrari is confident in the demand for its luxury electric cars, despite sluggish demand and falling prices for mass-market EVs1.