Silk-FAW plans Italian factory for high-end Hongqis, starting with 1,400-hp S9 hypercar

Silk-FAW, a joint venture between Italian startup Silk EV and Chinese auto giant FAW, on Monday provided an update on its plans to design and manufacture a range of exclusive, high-performance vehicles for Chinese luxury car brand Hongqi.The company on Monday said it will proceed with plans to invest more than 1 billion euros (approximately $1.02…