Ferrari CEO Sergio Marchionne said that it if an electric supercar is to be made, Ferrari will be the first. With the exception of the Mercedes-Benz SLS AMG Electric Drive, an electric supercar still alludes the market, but Ferrari just might change it in the next decade.
A top official from the company, while talking to carandbike.com said they are closely monitoring the electric vehicle situation in the country and will start introducing EVs as soon as the government announces a proper roadmap.
The French automaker is using the know-how of former Opel engineers acquired from General Motors Co to develop vehicles to re-enter the U.S. market, and will offer electrification as an option on all its vehicles by 2025.
The investment will be in areas such as electric cars and self-driving automobiles, but analysts said the sum was not a surprise as Hyundai Motor already spends 4-5 trillion won annually as capital expenditure and has previously indicated it will invest in those areas.
The pact envisages encouraging joint Research and development, deployment and manufacturing activities in the area of metal-air batteries for an array of applications, as stationary energy storage systems, electric mobility solutions.
Investments in electrified vehicles announced to date include at least $19 billion by automakers in the United States, $21 billion in China and $52 billion in Germany.
Swedish luxury carmaker Volvo Cars aims to launch a range of products in India, including a fully electric vehicle next year, as part of its plans to double market share in the country by 2020. The company, which sold 2,029 units in the country last year, has a market share of around 5 per cent in the Indian luxury car segment.
