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Ferrari's growth is hindered in China, although margins and revenue remain strong
Ferrari is experiencing a decline in sales in the Chinese market after flourishing in previous quarters. However, according to the CEO Benedetto Vigna, the company’s orders are still strong and the year-end financial statements are projected to be record-breaking.
August02,2023
Ferrari sets new sales record in Asia
Driven by the market of the Chinese mainland, Ferrari's sales in the first quarter of this year jumped by 47%.
May05,2022
Ferrari, new supercars to drive record sales in China
The new models Ferrari Roma and SF90 Stradale, which are also the most expensive ones, boosted the revenue of the Maranello-based Group on the major Asian market that includes Taiwan and Hong Kong.
November06,2021
The most powerful hybrid Ferrari ever to debut in Beijing
"Ferrari's success in the Chinese market is a source of pride, since Chinese consumers are increasingly looking for products characterized by high standards of quality, sustainability and innovation," Ambassador Luca Ferrari, who hosted the event at the Embassy of Italy in Beijing, stated.
July02,2021
New Ferrari boom, sales up 71% in China and Taiwan
MILAN, Aug 5 (Class Editori) – Once again China – both mainland and Taiwan – confirms itself as Ferrari’s land of success. During the first quarter of 2019, the group’s sales grew up 71% against the year before – a record in itself already.
August05,2019
Ferrari hits big time in China, orders up 79%
When it comes to increasing its turnover, Ferrari can count on the Chinese mainland - together with Hong Kong and Taiwan – and on the 353 billion in sales earned on its market.
May09,2019
Italy's Ferrari launches new "icon" models, as part of 5-year strategy plan
Italian luxury automaker Ferrari launched two new car models here on Tuesday, as part of a mid-term strategy plan unveiled on occasion of the company's Capital Markets Day.
September20,2018
Italy's Ferrari announces 15 new cars in 5-year business plan
Italian luxury automaker Ferrari would put 15 new cars on the market by 2022, including hybrid models that would concern up to 60 percent of its production, the company revealed on Tuesday.
September20,2018
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