FERRARI SIGNS A MULTI-YEAR PARTNERSHIP AGREEMENT WITH BINGX

Rhea-AI Summary

Ferrari (NYSE: RACE) announced a multi-year partnership agreement with BingX, a cryptocurrency exchange and Web3 company. The agreement was signed on October 31, 2025 and is effective from January 1, 2026.

BingX will become a Team Partner of Scuderia Ferrari HP. The announcement names the parties and timing but does not disclose financial terms, contract length in years, or commercial value.

News Market Reaction

+2.01%

1 alert

+2.01% News Effect

On the day this news was published, RACE gained 2.01%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Maranello (Italia), 31 ottobre 2025 – Ferrari N.V. (NYSE/EXM: RACE) annuncia un accordo di partnership pluriennale tra Ferrari S.p.A., società italiana da essa interamente controllata, e BingX, un exchange leader di criptovalute e una società Web3.

In base ai termini dell'accordo, firmato oggi ed effettivo dal 1° gennaio 2026, BingX diverrà un Team Partner di Scuderia Ferrari HP.

Attachment

• PR_FNV_BingX_ENG

FAQ

What did Ferrari (RACE) announce on October 31, 2025 about BingX?

Ferrari announced a multi-year partnership with BingX, signed October 31, 2025 and effective January 1, 2026.

When does the Ferrari and BingX partnership (RACE) take effect?

The partnership is effective January 1, 2026.

What role will BingX have with Scuderia Ferrari HP under the RACE partnership?

BingX will become a Team Partner of Scuderia Ferrari HP.

Did Ferrari (RACE) disclose financial terms for the BingX partnership?

No; the announcement does not disclose financial terms, contract value, or exact duration.

How should investors interpret the Ferrari (RACE) multi-year partnership with BingX?

Investors should view it as a commercial partnership announcement with naming and timing but without disclosed financial impact or contract value.