by Nick Veazey | More Articles: News

Published on June 12, 2022

Ferrari, one of the most sought-after performance automakers, is finally dipping its toes into the electric vehicle market. The Italian automaker have announced that it plans to expand the production of new EVs and hybrid models. With the acquisition of land near the existing factory in Maranello, a city in the Province of Modena, EVs and hybrids will be much easier to create. 

Ferrari is a remarkable automaker with a history of creating unique and sought-after performance vehicles. The Italian automaker has long been the choice for shoppers who want the most impressive performance and luxury. More importantly, these models are known for the handbuilt engines that offer intoxicating sound and performance.

With the shift to EVs, a move many mainstream automakers are also making, Ferrari is counting on being able to create performance-focused EVs that offer mind-blowing performance. The new facility will not only be responsible for producing these EVs and hybrids. Still, it will also likely serve as a place to develop unique electric vehicle batteries. This will allow the automaker to carefully create and research the latest technologies giving the upcoming EV models outstanding performance.

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