How the Chinese Faw in Italy will thrill on cars
The joint venture between the Chinese Faw and the Italian Silk Ev is born, to produce high-end electric cars in the Italian Motor Valley, in Emilia-Romagna
High-end electric cars. Faw, the largest Chinese auto manufacturer, and Silk Ev, a company specializing in car engineering and design, are strengthening the collaboration and are ready to launch a joint venture to produce high-end electric cars in the Italian Motor Valley, in Emilia Romagna.
THE FAW-SILK EV AGREEMENT
The Chinese Faw, which has 4 million vehicles sold in China, is in the Fortune 100 ranking with 90 billion dollars in turnover, and which in recent weeks is courting Iveco, will start, in collaboration with Silk Ev, a production of electric and plug cars -in. Currently the project foresees over 1 billion euros of investments.
THE JOINT VENTURE FAW – SILK EV
The two companies will join forces in a Joint venture that will be operational in the Motor Valley, in Emilia-Romagna, as announced in recent days in a meeting between Stefano Bonaccini, president of the Emilia-Romagna Region, the president of FAW, Xu Liuping, and Silk EV president Jonathan Krane.
THE ITALO-CHINESE PRODUCTION
If the design takes place in its entirety in Italy, large-scale production is planned both in the Motor Valley and in Changchun, China. And in China the cars will be sold under the Hongqi brand (there is no brand, yet, for the rest of the world).
WALTER DE SILVA FOR DESIGN
Instead, it was decided who will design the new cars. It will be Walter de Silva, writes Corriere della Sera , who will be responsible for the style of these super cars.
“Last year they called me to present the project and a product plan divided into 4 models, whose engineering and tests had to be carried out at the Dallara Automobili wind tunnel which will be involved both for the platform and for the aerodynamics. It immediately seemed a sign of seriousness and maximum efficiency ”, said de Silva.
TEAM IN TRAINING FOR JOINT VENTURE FAW – SILK EV
And De Silva himself also says that the work team is in formation, which in all probability will be made up of 90% of Italians, including important names in the sector, which cannot yet be announced.
NEW LIFE LYMPH AT THE MOTOR VALLEY?
Could the new joint venture represent new life blood for Motor Valler? The agreement is "a new blow for the Motor Valley, an industrial district that already has 16,500 companies and over 90 thousand employees in the engine sector, with an annual turnover of 16 billion and an export of 7 billion", writes Repubblica , recalling that in that valley produces models exported all over the world, such as Automobili Lamborghini, Dallara, Ducati, Ferrari, Haas, Magneti Marelli, Maserati , Pagani and Toro Rosso.
FAW WANTS IVECO
The Chinese is looking to Italy not only for electric cars. Faw has put up to 3.5 billion euros on the plate to buy Iveco's assets. Purchase, however, opposed by the majority and opposition of the Conte Bis government.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/come-si-elettrizzera-la-cinese-faw-in-italia-sulle-auto/ on Sun, 07 Feb 2021 14:51:42 +0000.