Ferrari Unveils Its First Electric Car, Designed by Former Apple Design Head

Italian automaker Ferrari NV (NYSE:RACE) has unveiled its first-ever electric supercar, which is designed by former Apple Inc. (NASDAQ:AAPL) design head Jony Ive.

Ferrari Luce With 1000 HP, Four Electric Motors

The company officially unveiled its first-ever EV, dubbed "Luce," (pronounced Lu-chey) on Monday. The Luce will be powered by four electric motors and promises over 1,000 hp.

The EV will have four doors and four seats, with a 122 kWh battery and a 0-60 time of 2.5 seconds. It will feature a 330-mile range and weigh 5100 lbs. The Luce will feature physical buttons and a retro-inspired steering wheel.

There's also a 10-inch iPad-like infotainment screen, as well as a 12.5-inch instrument cluster with a physical needle in the digital speedometer. The vehicle will also feature paddle shifters behind the steering wheel to control torque delivery, which would induce gear-shifting sensations.

Advent Of All-Electric Hypercars

The all-electric hypercar from Ferrari could usher in a new era of high-performance EVs, like Tesla Inc.'s (NASDAQ:TSLA) elusive Roadster, which the company CEO, Elon Musk, says would be tailor-made to deliver performance as he made comparisons with Ferrari. Tesla recently filed a trademark application for the Roadster.

Tesla's Roadster would also reportedly feature a new active aero system with fans that could potentially be used to direct airflow in a way that can make the car hover, according to a patent filed by the EV giant.

Chinese EV giant BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF), which is currently the largest EV maker in the world, also revealed its Yangwang U9 hypercar's "Xtreme" edition with almost 1,300 hp and four electric motors last year.

According to Benzinga Edge Rankings, Ferrari offers a good score on the Quality metric.

Price Action: RACE surged 0.70% to $336.13 at market close on Monday, surging 0.26% further to $337.00 during the after-hours session.

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