A new engineering and design startup called Silk EV headquartered in Italy’s venerable Motor Valley is more than just another attempt at making an electric hypercar. It’s also the latest arrow in the quiver for China’s massive Belt and Road project, though the first that deals with electric cars.
Silk EV announced on Tuesday that it will co-develop an “ultra-luxury hypercar” called the S9 in the home region of Lamborghini and Ferrari with First Automobile Works (FAW), China’s original state-owned automaker. The S9 will be part of the Chinese automaker’s longstanding Hongqi brand, which means “red flag” and was once exclusively made for high-ranking Chinese government officials before becoming more widely available.
The two companies…
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Author: Sean O’Kane