Ferrari’s Foray into Electrification Raises Formula E Speculation as 2023 Formula E Calendar Unfolds
As Ferrari prepares to unveil its first electrification plant next month, valued at 500 million euros, speculation surrounding its potential entry into the Formula E championship is mounting. The Italian marque’s significant investment in electric vehicle production and battery technology has sparked discussions with the electric racing series, with Formula E CEO Jamie Reigle hinting at possible talks with Ferrari.
Ferrari’s new “e-building” has been under construction since 2022, with the funding also allocated towards renewable energies and infrastructure, creating up to 250 new jobs. Prior to this development, SK On supplied battery cells for Ferrari’s hybrid models, including the SF90 Stradale and 296 GTB. However, Ferrari is set to take a more active role in battery technology, with plans to produce its first all-electric vehicle by the end of 2025.
When asked about potential discussions with Ferrari, Reigle replied, “Maybe,” highlighting the brand’s announcement of an electrification plant in Italy and its plans for a future electric line. Ferrari’s current focus lies in Formula 1 and endurance racing, having recently won the Le Mans 24 Hours in the World Endurance Championship’s top class. The marque has also ventured into sailing, announcing a new project earlier this year.
“I think it would elevate the championship. They bring this loyal fanbase, the tifosi, which is unbelievable.” – Jamie Reigle, Formula E CEO
Formula E, which celebrates its 10th anniversary in 2024, has already attracted high-profile manufacturers like Nissan, Porsche, and Jaguar to its new Gen4 era, set to begin in 2026-27. Reigle acknowledges the appeal of having Ferrari join the championship, stating that the brand’s involvement would undoubtedly attract legacy motorsport fans, bringing a new level of excitement to the series.
Ferrari CEO Benedetto Vigna recently emphasized the significance of the e-building, highlighting its potential to create strategic components internally, build sustainable cars, and showcase the brand’s commitment to new technologies. As the 2023 Formula E calendar unfolds, enthusiasts await a potential announcement from Ferrari regarding its involvement in the electric racing series. With the brand’s rich motorsport history and loyal fanbase, its entry into Formula E could prove to be a game-changer for the championship.
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