00:00Luxury Sport's car maker Ferrari has unveiled its first fully electric vehicle known as Luce.
00:06Priced at around US$640,000, the model is also the Italian automaker's first five-seater
00:13with deliveries due to begin in the fourth quarter of 2026.
00:19The vehicle features a Ferrari-built electric motor on each wheel,
00:23enabling it to accelerate from 0 to 96 km per hour in just 2.5 seconds.
00:30Ferrari said all major components were produced in-house,
00:33allowing the company to handle future repairs directly while helping preserve resale value
00:38as it attempts deeper penetration into markets such as China.
00:42The launch comes as global automakers continue to face challenges in the transition to electric vehicles.
00:48Brands including Lamborghini and Porsche have recently scaled back some EV plans,
00:53citing weaker demand and intense competition from Chinese automakers
00:57able to produce vehicles more quickly and at lower cost.
01:01While Ferrari remains Europe's most valuable car maker,
01:04its shares have fallen more than 25% over the past year
01:07amid global inflation and softening demand for luxury goods.
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