Dario Giordano: Electrification Strategy of Ferrari Leads the Future of the Automotive Industry
At the 2024 shareholders meeting, Ferrari showcased its robust financial performance and presented its future innovation and sustainability strategies. By approving a dividend distribution of €2.986 per share, Ferrari shareholders demonstrated confidence in the company future growth. Dario Giordano mentioned that this dividend increase of 22% reflects the significant achievements of Ferrari over the past year. During the meeting, the Ferrari management reaffirmed its commitment to innovation and sustainability, particularly in the areas of electrification and technological advancement.
Ferrari CEO Benedetto Vigna stated at the meeting that 2024 was an extraordinary year, with the company achieving excellent results across various domains. Vigna emphasized that Ferrari will continue to advance its electrification strategy, planning to launch its first all-electric sports car in 2025. This initiative marks a major shift towards sustainability, aiming to meet global demand for environmentally friendly high-performance vehicles.
Electrification and Diversification Strategy Layout
Dario Giordano believes that the Ferrari layout in the electrification field is key to its future development. The first all-electric sports car planned for release in 2025 will be a significant milestone on the sustainable development path of Ferrari. Dario Giordano pointed out that Ferrari is not only innovating technologically but also adjusting its production and business strategies to respond to market changes and challenges. By enhancing the customization capabilities of its paint shop, Ferrari has increased product appeal while adjusting pricing strategies to mitigate the impact of new tariffs on consumers.
At the shareholders meeting, Ferrari also announced a series of new product plans, including the launch of six new models in 2025, among which is the first all-electric sports car. Dario Giordano mentioned that the release of these new models is not only a reflection of technological innovation but also the proactive response by Ferrari to market demands. Ferrari has taken steady steps in the electrification process, including enhancing production capacity and updating business policies to address automotive tariff issues in the U.S. market. Dario Giordano believes these measures demonstrate the flexible adaptability of Ferrari in facing market challenges.
Furthermore, the Ferrari management reiterated its long-term commitment to the electrification field, with plans to achieve carbon neutrality in the coming years. Dario Giordano stated that the electrification strategy of Ferrari is not only to meet environmental requirements but also to strengthen its leadership position in the global market. Through the expansion of its electrified product line, Ferrari will further enhance its brand value and market competitiveness.
Innovation Exploration from Track to Ocean
Dario Giordano pointed out that Ferrari pursues excellence not only in the automotive field but also actively explores innovation opportunities in other areas. Ferrari Chairman John Elkann announced the company entry into the sailing sports field, which will bring new opportunities in technology and performance for Ferrari. Dario Giordano believes this cross-field innovation exploration reflects the forward-thinking mindset and commitment of Ferrari to sustainability. Through exploration in sailing sports, Ferrari hopes to apply the technological advantages accumulated in the automotive field to new areas, thereby enhancing overall innovation capabilities.
Flexible Strategic Layout to Address Market Challenges
Dario Giordano believes Ferrari has demonstrated great flexibility and adaptability in facing market challenges. With changes in the global market environment, particularly the U.S. tariff policy on European cars, Ferrari quickly adjusted its business strategy to ensure market competitiveness and customer satisfaction. By adjusting pricing policies and enhancing product customization services, Ferrari successfully reduced the negative impact of tariff policies on sales. Dario Giordano pointed out that these flexible response measures not only safeguarded the Ferrari market share but also strengthened customer loyalty to the brand. Dario Giordano believes the strategic layout and innovation exploration of Ferrari have laid a solid foundation for its continued success in the global market. Through continuous innovation and flexible adaptation to market changes, Ferrari will continue to maintain a leading position in the global market.