Ferrari CEO prioritizes partnerships and EV production over acquisitions.

Ferrari's CEO, Benedetto Vigna, expects the company to maintain its margins with the transition to electric vehicles (EVs). The Italian luxury automaker's first purely electric vehicle is not scheduled to be released until Q4 2025, but the company's new e-building in Maranello, Italy, will be ready next summer for manufacturing electric motors, inverters, and batteries in addition to an assembly line for EVs and hybrids. Ferrari expects electric models and hybrids to account for 60% of its product offering by 2026, while by 2030, it aims for 40% pure electric, 40% hybrid, and 20% ICE.