Global EditionASIA 中文双语Français
Home / Business / Motoring

Letter of intent signed for Hongqi sports car

By Liu Mingtai in Changchun | | Updated: 2020-04-24 21:18
Share - WeChat
A video conference was held to sign a letter of intent for cooperation on the Hongqi S-Series project. [Photo provided to]

The Changchun city government in Jilin province, China's leading automaker FAW Group and the American company Silk EV signed a letter of intent for cooperation on the Hongqi S-Series project in a video conference held on Thursday.

According to the letter, a joint venture will be established between the three sides to manufacture the first Hongqi sports car, and the construction of the production line and experience center will be started as soon as possible.

Silk EV will invest 10 billion yuan ($1.4 billion) to build an automobile engineering ecosystem with its partners, with Jilin and Italy's "Automobile Canyon" as the core, and strive to build the Hongqi S-Series brand into a world-famous luxury sports car brand.

On behalf of the Jilin provincial committee of the Communist Party of China and the Jilin provincial government, Jilin governor Jing Junhai congratulated the three parties on their successful signing of the letter of intent.

As an internationally well-known automobile enterprise, Silk EV has long maintained close cooperation with Jilin, he said.

1 2 Next   >>|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349