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Undersecretary Di Stefano to an agreement to produce electric cars

Today, Undersecretary Manlio Di Stefano was present at the virtual ceremony for the signing of the agreement between FAW, China’s largest car manufacturer and Silk EV, a car engineering and design company, for an investment of over one billion euros for the design, engineering and production of high-end full electric and plug-in cars in Emilia Romagna. The Councillor for Economic Development, Vincenzo Colla, and the Governor of the Chinese province of Jilin, Jing Junhai, also attended the event.

In his speech, the Undersecretary pointed out how this investment is the result of the fruitful bilateral economic cooperation between Italy and China and an important sign of confidence of foreign investors in the Italian market, in a very difficult moment, due to Covid-19 pandemic.

“In Italy, the automotive sector has been identified as a priority by the government and was one of the first to resume operations” – Mr Di Stefano added. “We are confident that the sector will prove its strength and resilience and will be able to fully recover after the crisis. The Government will support the growth and evolution of the sector, both in terms of exports and investment attraction, as we have always done in a real Country System perspective”.

“In this sector, Italy has the competitive advantage of a unique and complete supply chain that allows us to achieve globally recognized excellence. We are sure that this chain of ours will be able to support the ambitious objectives of the project we are presenting today” – the Undersecretary concluded.

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