Silk-FAW Automotive, founded in 2021, is a joint venture between Chinese auto manufacturer FAW group and Italy based Silk EV. Based in

Reggio Emilia Reggio nell'Emilia ( egl, Rèz; la, Regium Lepidi), usually referred to as Reggio Emilia, or simply Reggio by its inhabitants, and known until 1861 as Reggio di Lombardia, is a city in northern Italy, in the Emilia-Romagna region. It has abou ...

, Silk-FAW automotive plans to invest up to US$1.2 billion to design, develop and build high performance electric cars with production planned in Italy as well as China. In 2021 Silk-FAW started production on its first car, the

Hongqi S9 The Hongqi S9 is a hybrid sports car produced by Hongqi, which was presented at the 2019 Frankfurt Motor Show. Presentation The Hongqi S9 concept was presented on 13 September 2019 at the Frankfurt Motor Show and celebrates 70 years of the Pe ...

. Designed by Walter de Silva, the S9 features a hybrid powertrain with a 4-liter twin-turbocharged V8, which produces over 1,300 Horsepower and a top speed of close to 250 MPH. Silk-FAW plans to manufacture a line of 'S' cars, the S3, 35, and S7 respectively. Hongqi S9 IMG001

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{{Automotive industry in China Italian companies established in 2021 Automotive companies established in 2021 Companies based in Reggio Emilia Car manufacturers of Italy Italian brands Luxury motor vehicle manufacturers Sports car manufacturers Vehicle manufacturing companies established in 2021 FAW Group brands