Cars

Ferrari inaugurates new e-building in Maranello for production of electric range: 200 million investment

Starting with hybrids in 2025, the Cavallino's first electric car in January 2026. The inauguration in the presence of President Mattarella

by Laura Cavestri

2' min read

2' min read

Where there were old supplier warehouses, now there are self-driving robots, immaculate and spacious spaces, and lots of greenery. The new e-building in Maranello - 42,000 square metres on two levels - bears the signature of the Bolognese architect Mario Cucinella and will house the new electric range of the "Cavallino", whose first model will arrive on the market at the end of 2025.

Inaugurated in the presence of the President of the Republic, Sergio Mattarella, Ferrari has 'invested around 200 million euro' in the new e-building in Maranello.

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This was said by CEO Benedetto Vigna, while Ferrari's finance director Antonio Picca Piccon emphasised that 'we already had the funds used to build the e-building, we did not use the proceeds of the 500 million bond' recently launched on the market.

L’obiettivo

In the new e-building - which should eventually increase production capacity to around 20,000 units - as specified by Vigna, cars with 'thermal and hybrid engines will be produced from January 2025' and 'from January 2026 also the first electric Ferrari, which will be presented at the end of 2025'. In particular, after the test phase that is currently underway, the Purosangue and Sf90 Stradale will be produced on the production line of the new factory at the start of the new year.

Ferrari: inaugurato alla presenza di Mattarella stabilimento e-building

Photogallery21 foto

Elkann: 'Promises kept'

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'The e-building,' said John Elkann, president of Ferrari, 'is concrete proof that at Ferrari we keep our promises. On 16 June 2022 we announced our plans for this new building during our Capital Markets Day. Now only two years later, almost today, we are actually here. E-building is yet another milestone in our incredible journey that began in 1929, when we started racing with Scuderia Ferrari. 2029 will mark the century of Scuderia Ferrari. 'Technology and innovation have always been in our DNA,' Elkann continued, pointing out that 'electric engines are no different: this is not a new technology for us, this journey started about 15 years ago in Formula 1 and our learnings from race circuits around the world were embodied in the 2013 LaFerrari supercar, the first Ferrari to use hybrid power. From there, we've developed the hybrid technology further, scaling and refining it to make it uniquely Ferrari. And now we will unveil our first all-electric Prancing Horse model in 2025."

The numbers

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When fully operational, 300 employees will work at the facility. The Italian carmaker's first electric vehicle is expected to cost more than 500,000 euros, not including customisation, which usually increases the price by 15-20 per cent.

'We didn't do this building for capacity but to have more technological tools and more flexibility to be able to increase customisation for our customers,' Vigna said in response to questions from journalists. A second reason why Ferrari wanted to build this new facility is to be able to 'reduce the time it takes for cars to reach the market and to shorten the time it takes to develop new products'.

On the Milan Stock Exchange, Ferrari shares closed 1.28% lower at EUR 386 per share, but up 24.4% since the start of the year.

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