Skip to main content
institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

Ferrari Has Already Hit 2026 Sales Target for Luce EV, FT Says

Ferrari sold its 2026 Luce quota in under two months, with Chinese demand helping the €550,000 EV reach just under 500 units.

  • On Wednesday, Ferrari reached its full-year sales target for the Luce, its first electric vehicle, driven by strong demand from China. The company filled its allocation of just under 500 units in less than two months.
  • The €550,000 Luce faced significant criticism for its unconventional design by Jony Ive and Marc Newson. Critics compared the vehicle to a Nissan Leaf, though a Ferrari executive said the styling needed to be "digested" before it could be understood.
  • Despite the aesthetic controversy, the four-door, five-seat family car delivers supercar performance with four independent motors and an 880-volt architecture. Early reviews indicate it drives as expected of a Ferrari, with motors running at 93% efficiency.
  • Ferrari's stock initially fell 6% following the May reveal as investors questioned the design pivot. However, CEO Benedetto Vigna reported the order book is already stretching toward the end of 2027, with deliveries scheduled to begin in October.
  • Future models will utilize the electric powertrain and architecture proven by the Luce. While Ferrari cut its 2030 EV sales target roughly in half last year, this vehicle establishes the technical expertise needed for broader electrification.
Insights by Ground AI

18 Articles

(Seoul = Yonhap News) Reporter Jung Joo-ho = Ferrari's first electric car, the 'Luce,' which faced significant noise including harsh criticism of its design and a sharp drop in stock price upon its launch, has achieved this year's sales target ahead of schedule...

·Seoul, Korea (the Republic of)
Read Full Article
ReutersReuters
Reposted by
WTVBWTVB
Center

Ferrari has already hit 2026 sales target for Luce EV, FT says

·London, United Kingdom
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 37% of the sources lean Left, 36% of the sources are Center
37% Left

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Scuderia Fans broke the news on Wednesday, July 29, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal