Silk-FAW confirms plan to build electric sports cars in Italy

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Silk-FAW will finalise on Aug. 5 the purchase of the land in the city of Reggio Emilia where the production site will be built, it said in a statement after meeting local authorities.

Earlier this month Italy’s Emilia-Romagna regional government sought reassurances from Silk-FAW amid fears that the plan might not go ahead.

($1 = 0.9791 euros)