Silk-FAW Hongqi | FerrariChat

Silk-FAW Hongqi

Discussion in 'Other Italian' started by maha, Jun 4, 2021.

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  1. maha

    maha F1 Rookie

    Mar 17, 2014
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    mahmud
    #1 maha, Jun 4, 2021
    Silk-FAW, a venture between Chinese automaker FAW (000800.SZ) and U.S.-based engineering and design firm Silk EV, said on Monday it had picked Reggio Emilia, in Italy's "Motor Valley", to build its electric and hybrid luxury sportscars.

    The joint venture has pledged to invest more than 1 billion euros ($1.2 billion) over three years, but has so far not provided further financial details.

    It is developing cars under the Hongqi brand, which it will manufacture in Italy and China. Its first model, the plug-in hybrid Hongqi S9, was unveiled last month at the Shanghai Auto Show.

    "This is an iconic area for the entire automotive network and an ideal location to meet our logistic and production needs for the Hongqi S Series," Silk-FAW Chairman Jonathan Krane said in a statement on Monday.


    Italy's Motor Valley is home to some of the country's best known luxury carmakers, including Ferrari (RACE.MI), Lamborghini, Pagani as well as motorbike maker Ducati.

    Production at the Reggio Emilia site is expected to start at the beginning of 2023, said Silk-FAW, which last week appointed former Ferrari CEO Amedeo Felisa as a special adviser.
     
  2. maha

    maha F1 Rookie

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    #2 maha, Jun 4, 2021
  3. sp1der

    sp1der F1 Rookie

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    #3 sp1der, Jun 6, 2021
    Not exactly a looker
     
  4. italiancars

    italiancars F1 Rookie

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    #4 italiancars, Jun 7, 2021
  5. maha

    maha F1 Rookie

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    #5 maha, Jul 19, 2021
  6. maha

    maha F1 Rookie

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    3,401
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    #6 maha, Aug 11, 2021
  7. maha

    maha F1 Rookie

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    #7 maha, Sep 6, 2021

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