Hongqi, a brand of China's leading automaker, FAW Group, announces the establishment of a joint venture with the US company SILK EV to manufacture Hongqi's first super sports model and build production lines and experience centers in the shortest possible time. possible time. Yesterday, the Changchun municipal government, FAW and SILK EV signed a letter of intent for cooperation in the Hongqi S series project via video link.
Based in New York, SILK EV has a 100% owned research and development and production center in Modena, Racing Canyon. Together with its partners, SILK EV will invest 10 billion yuan in the next five years to build Hongqi S series products and brands, transforming the Hongqi S into a world famous luxury sports car brand. The S9 is Hongqi's first super sports model: presented last year at the Frankfurt Auto Show, it boasts a top speed of 400 kilometers per hour and acceleration from zero to 100 kilometers per hour in 1.9 seconds. The vehicle is equipped with a newly developed hybrid V8T engine with a maximum power of 1,400 horsepower. In the first quarter of this year, Hongqi sold more than 25,000 cars, an 88% increase over the previous year. Hongqi, which means "red flag", is the iconic brand of the Chinese sedan. The automaker was founded in 1958 and was used as a vehicle for parades on the occasion of national celebrations.
