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Exhibit 8.1
Subsidiaries at December 31, 2020:
NameCountryNature of businessShares held by the GroupShares held by NCI
Directly held interests
Ferrari S.p.A. ItalyManufacturing100 %— %
Indirectly held through Ferrari S.p.A.
Ferrari North America, Inc.USAImporter and distributor100 %— %
Ferrari Japan KKJapanImporter and distributor100 %— %
Ferrari Australasia Pty LimitedAustraliaImporter and distributor100 %— %
Ferrari International Cars Trading (Shanghai) Co. L.t.d.ChinaImporter and distributor80 %20 %
Ferrari (HK) LimitedHong KongImporter and distributor100 %— %
Ferrari Far East Pte LimitedSingaporeService company100 %— %
Ferrari Management Consulting (Shanghai) Co. L.t.d.ChinaService company100 %— %
Ferrari South West Europe S.a.r.l.FranceService company100 %— %
Ferrari Central Europe GmbHGermanyService company100 %— %
G.S.A. S.A.SwitzerlandService company100 %— %
Mugello Circuit S.p.A.ItalyRacetrack management100 %— %
Ferrari Financial Services, Inc.USAFinancial services 100 %— %
Indirectly held through other Group entities
Ferrari Auto Securitization Transaction, LLC (1)
USAFinancial services100 %— %
Ferrari Auto Securitization Transaction - Lease, LLC (1)
USAFinancial services100 %— %
Ferrari Auto Securitization Transaction - Select, LLC (1)
USAFinancial services100 %— %
Ferrari Financial Services Titling Trust (1)
USAFinancial services100 %— %
410, Park Display, Inc. (2)
USARetail100 %— %
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(1)    Shareholding held by Ferrari Financial Services, Inc.
(2)    Shareholding held by Ferrari North America, Inc.