Ferrari to Introduce First EV in 2025

Ferrari's SF90 Stradale hybrid sports car is displayed at the company's base in Maranello, Italy. (Reuters)
Ferrari's SF90 Stradale hybrid sports car is displayed at the company's base in Maranello, Italy. (Reuters)
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Ferrari to Introduce First EV in 2025

Ferrari's SF90 Stradale hybrid sports car is displayed at the company's base in Maranello, Italy. (Reuters)
Ferrari's SF90 Stradale hybrid sports car is displayed at the company's base in Maranello, Italy. (Reuters)

Electrification is coming for everyone—that includes Porsche, Lamborghini, and even Ferrari, the automaker responsible for some of the most sonorous, soulful internal-combustion engines (ICE) in the world.

Unlike, Bentley, its British rival, Ferrari hasn't put a hard stop date for their ICE engines, although the company is already dabbling in electrification with its hypercar, the SF90, the German news agency reported.

According to a new report from EVO Magazine, it seems that Ferrari's first EV will arrive by 2025.

Ferrari's first EV will likely be a hypercar to compete with the likes of the Lotus Evija and the Rimac Concept 2.

Long, low, wide, and fast as you-know-what—that's the Ferrari way. This means that Ferrari's EV won't miss any of the major features we usually see in its other vehicles, except for the traditional powerful engines, which will be replaced with electric ones.

As Ferrari delves deeper into the world of EVs, more all-electric models may emerge. Perhaps an electric FF/GTC4 Lusso successor is in the cards.



Samsung Invests $1.8 Billion More in Vietnam for OLED Manufacturing Plant 

Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)
Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)
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Samsung Invests $1.8 Billion More in Vietnam for OLED Manufacturing Plant 

Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)
Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)

South Korean electronic manufacturer Samsung Display Co plans to invest $1.8 billion for a factory this year in northern Vietnam to produce OLED displays for automobiles and technology equipment, the Southeast Asian country said on Sunday.

The new facility for the manufacture of organic light-emitting diode (OLED) displays will be located in Yen Phong industrial park in Bac Ninh province east of Hanoi and close to an existing Samsung electronics plant, the government said in a statement released after the meeting between Prime Minister Pham Minh Chinh and the General Director of Samsung Vietnam Choi Joo Ho.

Bac Ninh authorities and Samsung Display on Sunday also signed a memorandum of understanding of the project, local media reported, adding the investment would raise Samsung's total investment in Bac Ninh to $8.3 billion from the current $6.5 billion.

Vietnam has over the last decade emerged as one of the most attractive production hubs for electronics companies.

According to Choi, Samsung has established six manufacturing plants, one research and development center, and one sales entity in Vietnam, with a cumulative investment of $22.4 billion.