Filed under:
Earnings/Financials,
Green,
Misc. Automakers,
Electric
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
Continue reading Mao's favorite ride Hongqi to build electric sports car with investor Silk EV
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.
Permalink |
Email this |
Comments
More...
Mao's favorite ride Hongqi to build electric sports car with investor Silk EV
