Hongqi Prepares To Launch Electric Sports Car in Collaboration with Silk EV

Silk EV, an international automotive engineering and design company, and FAW, China’s largest car manufacturer, have announced that they have launched a joint venture to develop announced today that they have launched a joint venture to develop a series of ultra-luxury, high-performance, new energy sports vehicles for China and global markets.  

The Silk-FAW Joint Venture plans to launch a number of new fully electric and hybrid luxury models under the Hongqi ‘S’ series model line-up. The first model will be the ultra-luxury, S9. The Hongqi S9 will be designed and manufactured in Regione Emilia-Romagna, the heart of Italy’s Motor Valley, where Silk EV has its headquarters.  As the development of the Hongqi ‘S’ Series lineup continues, production will carry on simultaneously in both Italy and China.

“The joint venture marks a major milestone under the Belt & Road initiative for China, Italy, and the global automotive industry. It is a unique opportunity for FAW to build on its legacy of car-making excellence in Jilin province - the center of China’s automotive industry - and for FAW Group to come together with Italy’s Motor Valley - renowned for its luxury and racing automotive heritage, integrated ecosystem, and world-class engineering - to become the new benchmark in new energy vehicles.  We look forward to building a successful, long-term venture with Silk EV,” according to Chairman and Party Secretary of FAW Group, Xu Liuping.  

“Silk EV is excited and honored to be partnered with FAW Group, China’s leading auto manufacturer. This strategic partnership between the best of the Chinese and Italian automotive industries uniquely positions the Hongqi ‘S’ series at the intersection of ultra-luxury, high-performance sports vehicles, and new energy vehicles.  Our vehicles will combine a dynamic, sustainable, and exclusive driving experience with the use of cutting-edge technology and innovation, delivered to China and the world the next generation of luxury new energy vehicles. Through the collaboration of the prestigious FAW Group and Silk EV’s highly-skilled, world-class expertise in Italy’s Motor Valley, the Hongqi ‘S’ series will lead a new era in luxury and sustainable mobility,” said Chairman of Silk EV, Jonathan Krane.