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The electric cars represent the future of one of the most industries important parts of the European economy and the race to electrification of motor vehicles is already a reality in many countries of the continent. For this when a year and a half ago the US Silk EV and the Chinese Faw they had launched a joint project for start the production of luxury electric cars to Reggio Emilia the news had met with great favor. The promise made to the land of motors, which gave birth to many of the most famous car manufacturers in Italy, risks turning into a bad nightmare.
The joint venture between the Chinese auto giant and the US engineering firm, based in Reggio Emilia itself, had announced its project in early 2021. The original goal of the Sino-US company was to establish a new production facility in the hamlet of Gavassa, where the cars of Hongqi’s premium rangea subsidiary of the Faw and historic Chinese brand known for producing the representative cars used by the leaders of the Communist Party of Beijing since the 1950s.
In particular, in 2023 the Emilian plant should have start production of the Hongqi S9, a hybrid hypercar from 1400 hp whose list price should exceed 2 million euros. Alongside a few hundred examples of S9, however, the Gavassa plant should also churn out the premium all-electric model of the S7, both in the SUV and coupé versions, for a production that is estimated to be around 6,000-7,000 vehicles per year. Next to the assembly line, then, a section of research and development. This is an investment of over one billion euros, which should guarantee around a thousand new jobs.
Shadows on the project
The conditional, however, is a must, given the doubts and uncertainties that are arising around the project. So many and such that even the enthusiastic president of the region Stefano Bonaccini has started a few months ago change toneas noted by Gabriele Carrer on Ants. “Silk-Faw and its partners show that they can move forward as they promised. Not everything is in her place yet and we, for now, have not disbursed a single euro of public funds”He said in May. Starting from the land on which the complex should be built, the story is in fact taking on unclear connotations.
The land where the Gavassa plant should be built have been identified for some time. It is an area of 320 thousand square meters the acquisition of which has not yet been completed. The deed it was originally scheduled for August 5, with the foundation stone laying ceremony to be held on September 5. After months of hesitation, in July the regional councilor for economic development Vincenzo Colla had summoned the managers of the company, in what had been interpreted as a kind of ultimatum. After the meeting Silk-Faw had announced the timing for the land acquisition but the date of August 5th has come and gone. There was therefore talk of after August, but for now it does not seem that there has yet been a black-and-white mass. In accordance to reported from Rest of the Carlino, the owners of the land did not worry too much after the postponement of the deed. “We are calm, we have obtained reassurances and guarantees that we will soon meet and sign the agreement. This time they seem to be more than just words in the wind”Said one of them.
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