Ferrari NV $RACE, renowned for its high-performance supercars, is gearing up to launch its first fully electric vehicle — the Elettrica EV. Set to debut in October, this launch could play a pivotal role in revitalizing the company's sales in China, particularly in light of recent changes in the nation's tax policies.

In recent years, the premium automotive market has shown a variety of trends. However, one manufacturer stands out among the rest — Ferrari NV $RACE. The company’s recent Q1 financial report indicates a rise in profits, reaffirming its remarkable position in the supercar market amid economic challenges.