The Maranello firm’s first all-electric model starts at €550,000, runs to more than 1,000 horsepower and arrives with deliveries in the fourth quarter.

Ferrari pulled the covers off its first all-electric road car on Monday: the Luce, a four-door, five-seat liftback developed in collaboration with Jony Ive’s LoveFrom collective, priced from €550,000 in Italy and aimed at a customer who, until now, has had nowhere inside the Maranello range to put four other people.

The car has four electric motors, one at each wheel, producing a combined 1,036 horsepower. It carries a 122 kilowatt-hour battery built from SK On pouch cells, with about 112 kWh of usable capacity, and is rated at 530 kilometres of range on Europe’s WLTP cycle, or roughly 329 miles.

Peak charging is quoted at 350 kilowatts. Top speed sits above 310 kilometres per hour. Kerb weight passes 2.2 tonnes, which is a great deal of car to move quickly, and the four-motor layout is in part what allows it.

The 💜 of EU techThe latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!The Luce is a departure for Ferrari in almost every respect that buyers care about. It is the company’s first five-seater, its first liftback, its first vehicle without an engine, and its most expensive production model, pricing it well above the roughly $430,000 Purosangue SUV that until now sat at the top of the catalogue.