The managerial structure of Silk-FAW, the American and Chinese joint venture that will build electrified hypercars between Reggio Emilia, in the heart of the Motor Valley and China. The new reality of the automotive world has announced the appointment of Li Chongtian as a new member of its board of directors. The Asian manager is currently the head of FAW Capital Holding, the investment unit for the Chinese giant. The appointment, already effective, was also approved by the local government, the main shareholder of FAW.
“Chongtian’s appointment is a further validation of the stability and multiculturalism of this ambitious project and allows us to implement a long-term successful business plan in a highly competitive industry,” commented Katia Bassi, managing director of Silk-FAW. The arrival of Chongtian thus joins the management of the joint-venture which already includes several important figures: from the former Ferrari Amedeo Felisa in the role of special advisor to Roberto Fedeli, chief technology officer, up to Paolo Gabrielli, former manager of FCA, Porsche and Lamborghini, who was appointed Chief Commercial Officer last December. The new Silk-FAW plant will be built in Gavassa, near Reggio Emilia starting from 2023 with a production of 7,000 units per year, of which 150 for the S9 supercar which will be the first car to be born in Italy. It will be a 1,450 horsepower plug-in hybrid hypercar capable of reaching 400km / h and capable of going from 0 to 100 km / h in just under 2 seconds.
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