The first Hongqi L5 sold for 5 million Yuan !

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The first Hongqi L5 sold for 5 million Yuan !

The Hongqi L5, is the response of modern Chinese automakers to the outlandish luxury cars bought by millions of Chinese people, including officials.

The first Hongqi L5 sold for 5 million Yuan !

In this year’s Beijing autoshow, the production version of the Hongqi L5 and reportedly a Chinese businessman bought the first L5 that rolled of its wheels off the production line for “at least 5 million Yuan”.

The Hongqi L5 is about the same length as a Rolls-Royce Phantom and weighs over 3 tons. It is equipped with an aluminum V12 that produces 400 hp and 548 Nm of torque, equipped with hydropneumatic suspension and ” intelligent ” all-wheel drive. For the record , “Hongqi”, means     “red flag” and the L5, is manufactured by the Chinese FAW Group.