Industry News

Maserati invests €800-M* to increase its EV production

That’s roughly $866 million or P44 billion
PHOTO: Maserati

The Italian carmaker recently laid out its plans for 2020, reiterating that its electrification program kicks off this year. In fact, it has recently made an €800 million investment (about $866.8 million or P43.86 billion) to upgrade the EV production of its plant in Mirafiori, Turin. In addition, the fully-electric versions of the Maserati GranTurismo and GranCabrio—production of which is scheduled to commence in 2021—will be built in the aforementioned plant as well.

“During 2020, Mirafiori will be strengthening its position as a world hub dedicated to the electrification and mobility of the future, with a large proportion of its capacity allocated to the production of the brand’s new electrified cars,” the company said in a statement.

Maserati has also confirmed that it will soon be rolling out the all-new Maserati Ghibli—its first hybrid vehicle—but we don’t know when exactly that’ll happen just yet. What we do know is that a new and unnamed ‘super sports car’ will emerge from its Modena plant later this year, and that an EV version of the car will also be available. Maserati already hinted at a launch set for May 2020, so we’ll all be keeping an eye out for that.

The carmaker will also build a ‘utility vehicle’ this time at its Cassino plant. A new production line will be constructed in the said plant, to begin by the end of the first quarter of 2020. Then by 2021, the first pre-production cars will roll off this line.

What do you think of this latest move by Maserati? 

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PHOTO: Maserati
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