MILAN (AP) — Italian luxury sports carmaker Ferrari raised its 2025 guidance last week, despite global 15 percent tariffs on foreign car imports to the United States, as the company unveiled the new powertrain and chassis of its first fully electric production vehicle.

Ferrari CEO Benedetto Vigna declined to give target production numbers or a price for the Ferrari Elettrica, which will be delivered beginning late next year, with the design to be revealed in the spring.

Under the carmaker’s new five-year plan, 40 percent of the product lineup will be the brand’s core internal combustion engines, 40 percent will be hybrid and 20 percent will be electric by 2030, with an average of four new launches a year in the period. The new business plan calls for more models with lower volumes of each.

The fully electric vehicle Ferrari Elettrica represents a new segment that Vigna said would bring new buyers to Ferrari. It builds on 15 years of electrification research at Ferrari, starting with Formula 1 technology that was first incorporated into the limited edition La Ferrari hybrid supercar that debuted in 2013.

In raising its forecast, Ferrari said revenues this year would top $8.2 billion, up from more than $8.13 billion in the previous guideline. Ferrari also targets earnings before interest, taxes, depreciation and amortization, or EBITDA, of $3.13 billion with a margin of more than 38.3 percent.

Presenting its five-year plan, Ferrari is projecting net revenues of $10.5 billion by 2030 with and EBITDA of at least $4.2 billion on 40 percent margins.