We’re living in strange times as Ferrari is set to unveil its first electric vehicle in October and a mule was recently spied charging alongside a Volvo FH. That’s some odd company, but they’re both expensive EVs.

Putting the strangeness aside, the mule appears to be loosely based on the Purosangue or Maserati Levante. This suggests the upcoming production model will be a hatchback-like crossover.

More: Ferrari’s EV Makes Fake V8 Sounds In New Spy Video

While you shouldn’t read too much into the vehicle’s appearance, the extended fender flares suggest the EV will have a wide track. Spy photographers also noted the mule has staggered wheels that measure 23 inches front and 24 inches rear.

Another interesting detail is the roof-mounted shark fin ‘antenna.’ While it appears black, it would occasionally flash green or red. This suggests it could be some kind of charging status indicator, but that’s just a guess.

Spy photographers also noted the door handles are as fake as the tailpipes as the doors are opened by a button. We can also see a Combined Charging System (CCS) port as well as a glimpse of the cargo area.

Ferrari has been tight-lipped about the upcoming model, but the company has a partnership with battery supplier SK On and they inaugurated their e-building last summer. The plant will build the company’s upcoming EV as well as models with hybrid and internal combustion engines. At the time, the automaker mentioned new electric motors that would be “capable of delivering Ferrari’s signature driving excitement.”

Ferrari will launch its first ever electric car this fall, the brand’s CEO has confirmed during a presentation of the automaker’s financial results. Playing his cards close to his chest, as Ferrari chiefs always do, Benedetto Vigna declined to offer any detail about the company’s first zero-emissions car, but said the automaker would offer something different to other EVs, claiming the model’s combination of style, performance and driving thrill would make it “unique.”

Based on what our spy photo team has sent us the car appears to be a crossover, or at least a GT, and not a sports car. Test mules of a four-door hatchback-style crossover have been spied around Maranello wearing fake exhaust pipes and emitting synthesised engine sounds as they pass spy photographers cameras.

Related: Listen To Ferrari’s EV Prototype Fake V8 Sounds

The EV is a huge deal for both Ferrari and the car enthusiast world. Because even if it drives you mad that Ferrari’s so much as thinking about making an EV, you have to be at least a little curious to see what the engineers and design team have come up with.

And though it’s surely the most important car Ferrari will launch in 2025 from a news point of view, it’s far from the only new car coming this year. We can expect the automaker to debut five other cars besides its first combustion-free car, one of which, as confirmed by Ferrari in this week’s financial presentation, is a 12Cilindri Spider.

Another likely newcomer, though this time not confirmed by Ferrari, is the replacement for the Roma. The front-engined GT went out of production in 2024 and we’ve spied its successor testing in Italy wearing heavy disguise.

Vigna said the petrol-hybird-EV plan he laid out in 2022 has not changed as a result of a cooling EV market, and he also claimed Ferrari’s strategy wouldn’t be affected by President Trump’s tariff plans, which look likely to include duties on products imported from Europe.

The CEO was speaking as Ferrari announced its Q4 and full-year 2024 results, revealing that the company sold 13,752 cars last year, up 89 on 2023’s figure. It made €2.56 billion ($2.64 bn) in 2024 but predicts earnings will rise to €2.68 billion ($2.77 bn) in 2025 with the help of its six new product launches.