MILAN -- Ferrari is ahead of schedule in fine-tuning the components for its latest fully electric prototype, as the automaker prepares to launch its first battery-powered supercar.
"Ferrari's first fully electric model project is going as planned but for some processes we are even ahead of schedule," CEO Benedetto Vigna told reporters onThursday.
Ferrari is making faster progress than anticipated in debugging some electronic parts, allowing technicians to address some issues earlier than they typically would, and potentially saving time in the overall development process.
Vigna confirmed that Ferrari is on track to launch its first fully electric vehicle in the last quarter of 2025.
Ferrari is building a new factory for making hybrid and electric supercars in Maranello, northern Italy, where the company is headquartered. Vigna has said the site will be ready in June 2024.