FAW–SILK EV: the Motor Valley of the future

23/02/21 – New investment project worth one billion euro in Emilia-Romagna: the Chinese group FAW - the largest car manufacturer in the Asian country - and Silk EV from USA – specialised in high performance automotive engineering - are creating a cutting-edge hub for design and production of full electric and plug-in high-end cars. The cars will be designed and developed in Emilia-Romagna, where Silk EV has its headquarters, while large-scale production will take place both in Emilia-Romagna and in China (Changchun), where FAW's headquarters are located. The two companies have chosen the designer Walter De Silva for the new line of cars, which in China will be sold under the Hongqi brand, while in Italy and in the rest of the world the brand is still to be defined. In addition, Silk EV and FAW will build a futuristic innovation center as well as production plants within the Motor Valley in Emilia-Romagna. The Emilia-Romagna Regional Government is facilitating the entire project, which is consistent with the employment, sustainability and innovation objectives of its development strategy.

This investment is part of a broader transformation towards electric vehicles that involved the entire regional automotive sector, an industrial supply and value chain unique in the world with an export of 7 billion euros and brands such as Lamborghini, Dallara, Ducati, Ferrari, Haas , Magneti Marelli, Maserati, Pagani and Toro Rosso. This ecosystem, focused on high-end vehicles, has already made huge investments in electric vehicles and the new project by FAW - Silk EV confirms that high level of attractiveness of the regional cluster for foreign companies.

Websites: https://www.silkev.com/   http://www.faw.com/

Source: Regione Emilia-Romagna







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