Pininfarina has entered into a strategic agreement with China’s third-largest property developer, the Evergrande Group, for the design and development of a new range of Electric Vehicles (EV). This partnership will harness Pininfarina’s expertise in the field of vehicle development, its R&D capabilities as well as utilize the existing resources of Evergrande to jointly develop a new range of innovative models for the car brand, ‘Hengchi’. In China, Evergrande has smart luxury factories in Guangzhou, Shanghai, Tianjin and, Shenyang. They are known to use the best equipment and production technologies in the world for the development of EVs. Earlier this year, the Evergrande Group launched its first-ever Electric Vehicles.
Silvio Angori, CEO, Pininfarina, said, "We are honored to start this long-term cooperation with Evergrande. We are matching their vision of working with the international community to speed up innovations in New Energy Vehicle (NEV) technologies. We strongly believe that our cooperation will be successful and help the development of this new mobility model which in turn will build a clean world."
Earlier this month, Evergrande Group’s Chairman and his team visited the Pininfarina headquarters in Cambiano, Turin, Italy, where they met Chairman, Paolo Pininfarina and Silvio Angori, CEO, Pininfarina Group, along with other top executives from the firm. The aim of the visit was a preliminary discussion on joint future projects and a design review of the new models that Pininfarina is currently developing for Evergrande.