Ferrari is one of the best companies that has already made cars with hybrid powertrains. During the Annual General Meeting held this week, the CEO of Ferrari John Elkann told the investors he is planning to unveil the first-all electric Ferrari in 2025. Hopefully, this is the plan that will remain constant even after the Ferrari company confirms a new CEO. Over the past decade execs said, Ferrari will never build an EV or claimed the first-all electric Ferrari is not going to arrive until after 2025.
We are continuing to execute our electrification strategy in a highly disciplined way. And our interpretation and application of these technologies both in motor sport and in road cars is a huge opportunity to bring the uniqueness and passion of Ferrari to new generations.
As you would expect, we have started by setting the bar high. By leveraging our know-how from motor racing, we have created the wonderful technical achievement and driving experience that are the SF90 Stradale and the SF90 Spider, our hybrid cars. They are in the very finest Ferrari tradition in both its styling and its performance.
We are also very excited about our first all-electric Ferrari that we plan to unveil in 2025 and you can be sure this will be everything you dream the engineers and designers at Maranello can imagine for such a landmark in our history. So, we see this exciting decade of accelerating change as opening even more ways to push to new levels the boundaries of excellence and passion in everything we do.
Moving ahead, in the same sustainability report where the confirmation of EV was given, Ferrari explained how it will account for hybrid and electric powertrains. Apart from this, there is also an explanation of how Ferrari is going to account for new body styles including its upcoming Purosangue SUV. SF90 Stradale is mentioned to be the first application of rear mind engine architecture that can easily account for the weight and positioning of an electric motor and battery. Ferrari is also working on the designs for front mid-engine cars having a high range between comfort and sportiness.
Ferrari has touched an autonomous driving tech, and the company is having no plans to build self-driving cars. However, it will adopt some of the features of autonomous driving technology in response to regulatory developments and customer preferences, especially in the GT segment.