Electric cars are the object of interest in the global automotive industry; however, this notion of automobiles is now altered by both new products and new players. Electric vehicle technology continues to take some time to be completely adopted in the world, but its demand is increasingly growing.
Few economies, such as China, invest heavily in this electric vehicle domain, such as in automotive companies such as FAW, SAIC, and BYD, in the ambitious quest for a complete transition to electricity.
However, as with the Italian start-up of an electric vehicle, FAW is also looking forward to forming a collaboration to build an all-electric hypercar. The Silk EV, an Italian start-up, also looks forward to collaborating with FAW-First Automotive Works to co-develop an ultra-luxury hypercar.
Together with a Chinese automaker, this hypercar will be built and designed by the Silk EV through its technological expertise as well as the financial muscle just to support this start-up business.
Moreover, China is making efforts to sell EVs in international markets, while the development of these ultra-luxury hypercars will surely be a big milestone for the country’s EV products to gain market credibility.
