Ferrari says it will begin a three-phase reveal of its first battery-electric vehicle this coming autumn beginning with the unveiling of its powertrain in October.
While the event is unlikely to excite the petrol-head customer base of the iconic brand, Ferrari CEO Benedetto Vigna says it will showcase the “technological heart” of the BEV ahead of the car’s ultimate world premiere in spring 2026.
The move raises speculation that his decision to split the car’s reveal into three portions gives credence to claims that Ferrari is considering employing a BEV platform supplied by Stellantis’ Chinese joint venture partner, Leapmotor.
The company’s CEO, Zhu Jiangming, tells reporters at the Shanghai Auto Show that he is in talks with Ferrari to develop a new model based on its BEV platform following Vigna’s factory visit to Leapmotor in February.
When the new Ferrari is finally revealed, “Deliveries ... will commence just months after that, in October 2026,” Vigna tells analysts in a post-earnings call, Reuters reports.
It is the first time the luxury sports car maker mentions when the new car could reach clients.
However, Ferrari has no plans to ditch internal-combustion-engine technology and expects to market the new BEV while continuing to sell gasoline and hybrid-powered supercar models.
Hybrid models, which it started selling in 2019, made up 51% of Ferrari's car sales last year. Ferrari’s recently unveiled 296 Speciale plug-in hybrid model and its convertible version is the first in a promised six new models this year.
Unlike several other major automakers, Ferrari is sticking to giving full-year forecast guidance while warning that U.S. auto tariffs may cut its expected 2025 profit margins by 50%.
Nonetheless, the brand forecasts full-year earnings before interest, taxes, depreciation and amortization (EBITDA) of at least $3.04 billion and an EBITDA margin of at least 38.3%.
In first-quarter 2025, Ferrari's core earnings of $789 million came close to analysts' consensus forecast of $785 million in a Reuters poll.
