Mao’s favorite ride Hongqi to build electric sports car with investor Silk EV

Filed under: Earnings/Financials,Green,Misc. Automakers,Electric

Mao's favorite ride Hongqi to build electric sports car with investor Silk EV 1 A little-known U.S.-based engineering and design firm said it plans to invest 10 billion yuan ($1.41 billion) to make sports cars with China’s FAW Group under the brand of choice of late revolutionary leader Chairman Mao Zedong, Hongqi. Silk EV on Monday told Reuters it has signed a memorandum of understanding with FAW to launch a joint venture in the state-owned automaker’s hometown of Changchun, northern China, to make cars it has dubbed the S-series. FAW confirmed the CCTV report to Reuters

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Mao’s favorite ride Hongqi to build electric sports car with investor Silk EV originally appeared on Autoblog on Mon, 27 Apr 2020 09:06:00 EDT. Please see our terms for use of feeds.

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