FAW will develop an ultra-luxury hypercar powered by electricity

The electric vehicle (EV) arena has recently become the center of the global auto industry as both new products and new players are changing the concept of the car as we know it. While it seems that EV technology has a long way to go before it becomes the norm, the demand for it appears to be growing rapidly.

China is one of the few countries that has invested heavily in electric vehicles. Auto companies such as BYD, SAIC and FAW are aggressively seeking a full transition to electric. One of them also wants to work with an Italian EV startup to develop an all-electric hypercar.

Italy-based startup Silk EV will partner with First Automobile Works (FAW) to jointly develop an “ultra-luxury hypercar”. The Hypercar, known as the S9, was designed and developed by Silk EV, with the Chinese automaker using its technical expertise and financial resources to support the startup.

The report added that the vehicle will be sold under the “Hongqi” brand, which is the same brand that produces the H9, which is China’s equivalent of the Rolls Royce Ghost. The car was reportedly designed by Walter de Silva, a former designer from Alfa Romeo, Lamborghini and Volkswagen Audi Group (VAG).

According to the report, the car project is a product of the Chinese Belt and Road Initiative (BRI) which operates in various regions of the world, including Europe. China is trying to expand its economic presence worldwide by launching various development projects in various regions of the world.

China is also looking to sell its electric vehicles on the international market. While there are many reasons to consider in this regard, the development of this extraordinarily luxurious hypercar will become the main foundation for the country’s EV products to gain trust.

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