Silk-FAW said it would provide more than one billion euros ($1.02 billion) to build an electric car production facility in Italy. Silk-FAW, the start-up of US automotive design and engineering firm Silk EV and Chinese automaker FAW will complete the purchase of land in the city of Reggio Emilia where the production site will be … Continue reading Silk-FAW plans to produce electric luxury hypercars in Italy under the Hongqi brand