Ferrari chief executive Benedetto Vigna will present the automaker’s latest business plan this week, paving the way for Italian brands in the era of electrification.
Ferrari has already begun refining its lineup by introducing hybrids including the SF90 Stradale, SF90 Spider, 296 GTB, and 296 GTS. One area of the new business plan is expected to focus on establishing new partnerships, similar to Ferrari’s work with Yasar, which provides it with electric motors.
We know that Ferrari will launch its first all-electric vehicle in 2025 but that does not mean that it is abandoning the internal combustion engine completely. In fact, Vigna confirmed earlier this year that Ferrari was working with partners to create biofuels and synthetic fuels that would allow it to continue producing some of the best engines in the industry. Reuters Comments.
Read more: Ferrari Maranello is reportedly building EV, a hybrid production line
Managing consultant Oliver Weiman, a partner in Marco Santino’s automation practice, said, “We should expect a clear focus on technological change, qualifying key burning questions, such as how the company will evolve in this new environment, not just the product portfolio.” Said.
Analysts believe there are many areas where Vigna could make a mark on car manufacturers. These include intellectual property, data and connections, formula 1, and increased production complexity.
Analysts at Jefferies added, “There is a lot going on in the upcoming Capital Market Day to change the valuation parameters of a business that appears to have been autopilot in recent years and may need a transformative strategy.”
The most important new model from Ferrari will be the Purosangue. Although we do not yet know the exact date the SUV will be introduced, we do know that it will enter production this year and come on the market with a V12 engine. It will compete with the likes of Lamborghini Urus and Aston Martin DBX and will prove to be the firm’s best-selling model.