The Luce – Italian for “Light” – has a top speed of over 310kph (190 mph) and a range of over 530km, the company said in a statement late Monday.

It can accelerate to 100kph in 2.5 seconds and has a massive 122 kWh battery. Overall the Luce weighs in at 2.26 tonnes, making it the company’s heaviest model ever.

It is also only the second Ferrari model with four doors in the company’s history and the first five-seater for a brand better known for its sleek two-seaters.

“We are inaugurating a chapter that turns our vision into reality, strengthening Ferrari’s tradition of anticipating and shaping the future,” the company’s president John Elkann said.

The launch comes as other luxury car makers have hit the brakes on electric models, mirroring an industry-wide slowdown in the shift away from combustible engines because of lower-than-expected demand.

Last year, Ferrari said it expected electric models to account for 20% of the company’s offering in 2030, down from its previous target of 40%.