Ferrari is expanding its Maranello plant to create a third production line specifically for electrified vehicles, according to reports from Italy.
Bloomberg claims the Italian supercar firm has purchased additional land near its famous factory north of Bologna and is clearing the ground ready for building work. Sources “familiar with the matter” told the website that the new facilities would also include a new R&D facility specifically for furthering battery technology.
Ferrari already has two hybrid vehicles on sale in the SF90 and 296, or four if you separate those models into coupe and convertible variants. But the company is gearing up for a massive push into the electric age which gets underway in a serious fashion with the launch of its first EV in 2025.
Bloomberg says Ferrari is likely to officially reveal the plant expansion project on June 16 at its capital markets day. New CEO, Benedetto Vigna, who was hired from the tech industry last year in a radical restructuring of the firm aimed at readying it for the switch to electric power, will use the event to give investors an insight into the carmakers’ EV strategy, including a four-year business plan.
Related: Ferrari Boss Confirms V12 For Purosangue SUV, Says It Was The Only Proper Option
296 GTB is the second series production hybrid Ferrari
Investors and car enthusiasts alike will be itching to find out whether that plan includes more crossovers and SUVs to sit alongside the Purosangue, and also be hoping to hear more about the 2025 EV. Although the traditionally secretive company has revealed little about its first electric car, leaked patents appear to show that it will be a four-wheel-drive two-seat sports car with an electric motor in each wheel.
“Our interpretation and application of these technologies both in motorsport and in road cars is a huge opportunity to bring the uniqueness and passion of Ferrari to new generations,” Ferrari chairman John Elkann said at the company’s annual general meeting last year.
