Ferrari Unveils New E-Building For Its First Sports EV

As Ferrari is preparing to produce its first fully electric vehicle (EV), the company has inaugurated a state-of-the-art production plant, “E-building” at its historic Maranello site.

The opening ceremony, attended by notable figures including Italian President Sergio Mattarella, showcased a new 42,500-square-meter facility, representing an investment of around 200 million euros ($214 million), designed to maximize production flexibility.

The production plant will contain Ferrari’s internal combustion engine (ICE) vehicles, hybrids, and the upcoming EVs under one roof where the company’s first EV reportedly cost at least 500,000 euros (around $535,000) when it makes its highly anticipated debut in Q4 2025 according to Reuters. Interestingly, the E-building, according to Ferrari, stands for “energy, evolution, and environment,” reflecting its commitment to sustainable manufacturing practices.

Furthermore, the plant will not only assemble EVs but also produce critical EV components including high-voltage batteries, electric motors, and axles. This in-house approach underlines Ferrari’s strategy to maintain control over its technological advancements and preserve its competitive edge in the luxury sports vehicle market.

A standout feature of the E-building is its focus on renewable energy, where it is equipped with over 3,000 solar panels. With this amount of solar panels utilized, it is capable of generating 1.3 megawatts of power at peak capacity. Moreover, over 300 staff members will work in the plant, having went through extensive training over the past two years to prepare for the new production processes. As a result, Ferrari aims to power the entire plant with solar energy by the end of the year.

Ferrari’s President and Chairman John Elkann expressed the representation that the E-building has for the company stating, “Investing in our territory is essential to prepare ourselves for Ferrari’s future with confidence and confirms our commitment to Italian excellence and to our country.”

As Ferrari’s electrification strategy aims for hybrid and fully electric models to account for 60% of its production by 2026 and 80% by 2030, the opening of its E-building will set the company to enter the EV market with ease. The E-building is set to begin operations in January 2025.

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