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Bloomberg
Ferrari NV will introduce its first fully electric model in 2025 as the Italian carmaker accelerates its shift away from combustion engines.
The Italian luxury sports car manufacturer expects adjusted earnings before interest, taxes, depreciation and amortization to climb to as much as 2.7 billion euros ($2.8 billion) in 2026, an increase from 1.5 billion euros last year, the company told investors.
Ferrari said it that will expand its Maranello plant to make electric cars and design batteries, confirming an earlier Bloomberg News report.