Ferrari (NYSE:RACE) Hybrid to Debut This Year, EV Coming after 2022

Ferrari (NYSE:RACE) Hybrid to Debut This Year, EV Coming after 2022

$RACE

FLASH: 60% of Ferrari’s lineup will offer hybrid variants by Y 2022

Ferrari (NYSE:RACE) is aligned with the times, we are about to see a shift in the company’s offerings in the next 10 years.

Ferrari’s next-generation hybrid will be unveiled this year according to comments made by Ferrari CEO Louis Camilleri during its latest Quarterly earnings call.

The hybrid Supercar will sport the automaker’s 2nd-generation hybrid system.

The 1st generation found use in F1, in addition to Ferrari’s LaFerrari hybrid HyperSuper car. Unlike the V12 fitted LaFerrari this new car will come with a V8, and it’s believed to make more power than the 710-hp 488 Pista.

Ferrari’s CEO said on the call that 60% of the automaker’s lineup will carry hybrid variants by Y 2022.

Y 2022 is going to be a Key turning point for Ferrari, as it will offer a number of hybrids then, and be the time that Ferrari unveils its 1st battery Supercar. CEO Camilleri did not commit to any specific date, saying only that it would arrive after Y 2022.

Ferrari is not done with standalone internal-combustion cars by any means.

The LE Monza SP1 and SP2, will start reaching customers in Q-4 of Y 2019. There is also the “Purosangue,” the name for Ferrari’s FUV, which will be available in both gasoline only and hybrid variants.

Ferrari’s Brand: Ferrari became the world’s strongest brand, with a score of 94.8 out of 100 and an AAA+ rating just last month.

The Italian supercar manufacturer claimed the title according to the latest Brand Finance Global 500 2019 report launched at the World Economic Forum in Davos.

Ferrari is the Aristocrat of the automotive sector.

HeffX-LTN overall technical outlook for RACE is Bullish across the board, and there is very little resistance here and none above 140.26. All of our Key indicators are Very Bullish in here.

Have a terrific weekend.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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