In a model range of the Chinese Hongqi brand there will be bonus sport cars

Companies and local authorities China, United States of America and Italy signed today the agreement on creation of joint venture on development sports models of a cult sedan of the Chinese Hongqi / "Red Banner" brand/. The Hongqi S-series project was in common started by the Chinese First Automotive Works/FAW/Group Co. Ltd. and American company Silk EV LLC. As it is noted in the agreement signed by video conference, in the project it will be invested by 10 billion yuans / about 1,55 billion dollars of the USA / for the purpose of transformation of this series into a brand of bonus sports cars a world class. Hongqi S-series will be...