The Italian sportscar maker has announced they will produce their first electric vehicle by 2025 and wants to have 40% of their fleet be electric by 2030.Ferrari only produces a little more than 10,000 cars per year so building their own electric vehicle battery plant wouldn’t make sense. They need a supplier who can provide up to 4,000 batteries a year, something that they might find in Ontario’s resurgent auto sector.
A Ferrari SF90 Stradale hybrid sports car is seen during a media preview at the Auto Zurich Car Show in Zurich, Switzerland November 3, 2021. REUTERS/Arnd Wiegmann That includes increasing production with the company actively looking for sites for both an assembly plant and an electric battery plant. Chattanooga, Tennessee, home of Volkswagen’s only assembly plant in North America, is under consideration but so is Ontario.
“The ultimate test of this new tactic is how successful we can be at landing an additional automaker here, the first in over 30 years,” Volpe said. “If you’re going to make a large investment for the next 20-30 years, you want a very stable, predictable environment,” Champagne told Japanese publication Nikkei in an interview before the trip.Article content