Ferrari is preparing the landmark launch of its first fully electric car in October, the luxury sports car maker said on Tuesday, while targeting an increase of at least 5% in revenues and core earnings this year.

Of course, details about this upcoming all-electric Ferrari are almost nonexistent, but company CEO Benedetto Vigna did mention that the upcoming model will be different from other high-end EVs. “I don't want to comment on the reason why other electric car(s) may be accepted or not,