Representatives of the consortium included several of the largest global banks: Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Bank of China, Bank of Communications, Bank of Jilin, and Bank of China International (BOCI), as well as Changchun Automobile Economic and Technological Development Zone Management Committee (CAIDA).
Mr. Jonathan Krane, Chairman of Silk EV said, “Relying on China’s strong foundation in the automotive industry and Italy’s expertise in automotive luxury and racing, the Silk-FAW strategic partnership uniquely positions the Hongqi ‘S’ series at the intersection of ultra-luxury, high-performance sports vehicles and cutting-edge new energy vehicle technology, setting a new benchmark for the next generation of luxury electric vehicles. We are honored to be able to play a strong role in China’s initiative to build Hongqi into a world-class global brand.”
In February 2021, FAW, China’s first car manufacturer, and Silk EV, an international automotive engineering and design company, announced its joint venture to develop a series of…
