{
  "id": 1275071,
  "title": "At $40 million, all-electric Ferrari Luce becomes most expensive new car ever auctioned",
  "url": "https://urgent.news/2026/08/16/at-40-million-all-electric-ferrari-luce-becomes-most-expensive-new",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-08-16T13:33:04.000Z",
  "source": {
    "name": "Hindustan Times - World News",
    "slug": "hindustan-times-world-news",
    "url": "https://www.hindustantimes.com/world-news/at-usd-40-million-all-electric-ferrari-luce-becomes-most-expensive-new-car-ever-auctioned-101786885946408.html"
  },
  "original_language": "en",
  "account": "Ferrari's first all-electric vehicle, the Luce, has sold for $40 million at auction, becoming the most expensive new car ever sold at auction. This marks a significant milestone for the company, breaking the previous record set by their custom-built Daytona SP3 in 2020, which fetched $26 million.\n\nThe Luce, unveiled in May, is a bespoke, one-of-a-kind vehicle custom-made for a buyer's specific requirements. Designed in collaboration with LoveFrom, the studio founded by Jony Ive, the Luce features over 1,000 horsepower and four doors. The car is powered by four electric engines, one on each wheel, with a total power output of 1,050 cv. The vehicle can accelerate from 0-100 km/h in just 2.5 seconds and has a top speed of 310 km/h, a range of 530 km on a full charge, and weighs 2,260 kg.\n\nFerrari's CEO, Benedetto Vigna, stated that the Luce breaks away from the company's traditional combustion engine sports cars. It has been praised for its innovative design and technological advancements, including a new vehicle control unit that networks all systems and updates targets 200 times per second. The front engines deliver 210kW at the axle, while the rear engines generate 620kW, resulting in a total torque of 7750 N · m at the wheels. The vehicle uses a 122 kWh battery pack and has achieved a 70% reduction in CO2 emissions during its production phase.",
  "summary": "Ferrari unveiled the Luce in May, priced at €550,000 ($636,356). But a wave of criticism and a drop in the company’s share price followed.",
  "key_points": [
    "Ferrari's all-electric Luce sold for $40 million at auction",
    "Luce is a one-of-a-kind bespoke vehicle with 1,000 horsepower",
    "Luce breaks Ferrari's record for most expensive new car"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}