Silk-FAW’s plan to build S9 hypercar in Italy hits the skids

Silk-FAW, a joint venture between Italian startup Silk EV and Chinese auto giant FAW, has reportedly abandoned plans to construct a factory in Italy for production of high-end cars for FAW’s premium Hongqi brand. Reuters reported last week it obtained a document from a local government in Italy’s Emilia-Romagna region, where the plant was to be…