Breaking its tradition for roaring petrol engines, Ferrari's much-awaited EV will be showcased at a capital markets day on Oct. 9.

Italian luxury carmaker Ferrari on Tuesday reported that its net profit increased in the fourth quarter compared with the same period of the previous year, primarily due to growth in revenue. Ferrari reported earnings of €386 million ($399 million) for the fourth quarter,

Luxury sports carmaker Ferrari will present its first fully-electric vehicle (EV) at its capital markets day scheduled on Oct. 9, Chief Executive Benedetto Vigna said on Tuesday.

Ferrari CEO Benedetto Vigna has now confirmed the vehicle will debut on Oct. 9 during the company’s scheduled capital markets day presentation. He also revealed the EV will be one of six new Ferraris arriving in 2025.

Ferrari are to make six new models this year including the Prancing Horse's first electric car, CEO Benedetto Vigna said Tuesday. "This year we will launch 6 new models and, among these, the first electric Ferrari about which I can say little,