Silk-Faw, here is the China-US alliance that will electrify the Italian motor valley
1 billion euros in investments and over a thousand jobs: all the announcements of the Sino-American joint venture Silk-Faw in Reggio Emilia for electric cars, in the heart of the motor valley
The Chinese of Faw, in a joint venture with the Americans of Silk EV, will build a factory for the production of the electric supercar in the Gavassa area, north of Reggio Emilia.
More than 1 billion euros of investments planned for the construction, also, of a research and development center. All the details.
FAW AND SILK CHOOSE REGGIO EMILIA
Silk EV, an American automotive engineering and design company, and FAW, one of the major Chinese automotive manufacturers, three months after the announcement of the joint venture , have identified in the area north-east of Reggio Emilia, in Gavassa, the ideal area for the production of a range of high-end, high-performance electric and plug-in hybrid vehicles.
“We are thrilled that our production plant will be built in the municipality of Reggio Emilia. This is an iconic area for the entire automotive network and an ideal location that perfectly meets our logistical and production needs, ”said Jonathan Krane, president of Silk-Faw.
THE SITE
The production plant will be built on an area of approximately 320 thousand square meters, located a few kilometers from the Reggio Emilia railway station, just 20 minutes by car from Bologna and 40 from Milan.
The mayor of Reggio Emilia, Luca Vecchi, also hypothesized a possible new motorway junction, Reggio Emilia Est, to improve connections with the Modena area.
WHAT THE TWO COMPANIES WILL DO
In the factory located in the heart of the Italian Motor Valley, the joint venture will design and manufacture Hongqi's S series models. Both the Hongqi S9, the first of the “S” series, designed by Walter De Silva and unveiled at the Shanghai Autoshow, and the Hongqi S7 will leave the Reggio Emilia plant.
Silk-FAW, a company with 130,000 employees and 3.5 million cars sold in 2019, plans to launch the new luxury models by 2023, but there is still no program agreement.
THE NUMBERS OF THE SILK AND FAW PROJECT
What is certain is that all this will involve at least 1 billion euros in investments, creating more than a thousand direct jobs and several thousand more in the related industries.
THE MOTOR VALLEY IS ENRICHED
This is a great blow for the Italian Motor Valley which already "today boasts the presence of 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, and which is the cradle, recalls Stefano Bonaccini, Governor of Emilia Romagna, of brands such as Maserati and Ferrari, Toro Rosso, Dallara.
THE COMMENT OF BONACCINI
“Silk-FAW chooses the Motor Valley for the production of high-end electric cars: an investment of € 1 billion for over a thousand jobs. The headquarters in Reggio Emilia. Worldwide industrial project. Together with the RegionER the country wins ”, comments the Pd President of the Region on Twitter .
Silk-FAW chooses #MotorValley for the production of high-end electric cars: an investment of € 1 billion for over a thousand jobs. The headquarters in Reggio Emilia. Worldwide industrial project. Together with @RegioneER the country wins https://t.co/c4yb3swgDU pic.twitter.com/avND9yTx5k
– Stefano Bonaccini (@sbonaccini) May 3, 2021
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/silk-faw-ecco-lalleanza-cina-usa-che-elettrizzera-la-motor-valley-italiana/ on Tue, 04 May 2021 10:22:35 +0000.