Automakers

Silk-FAW confirms plan to build electric sports cars in Italy

Silk-FAW S9 plug-in hybrid
 Silk-FAW plans to build the S9 plug-in hybrid hypercar in a new plant in Reggio Emilia. (Daniel Nikodem)
R
By:
Reuters
July 25, 2022 07:46 PM

MILAN -- Silk-FAW, a start-up of U.S. automotive engineering and design firm Silk EV and Chinese automaker FAW, said it would press ahead with a plan, worth over one billion euros ($1.02 billion), to build electrified cars in Italy.

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