It appears that Rolls-Royce has anew rival in China as the Hongqi L5 went on sale. China FAW Group Corporation already began to take orders for its tailor-made Hongqi L5 a.k.a. China’s most expensive vehicle. The first customer paid at least 5 million yuan or $803,300 and in order to receive his car he will have to wait about three months.
According to Bloomberg, the first buyer of the Hongqi L5 is Wang Zhonghua, a man who owns a chain of furniture malls in China. The Hongqi L5 is 5555 mm long, 2018 wide and has a height of 1578 mm.
Rear passengers will have plenty of room thanks to the 3455 mm wheelbase. Due to the total weight of 7,000 lbs or 3,175 kg, the Hongqi L5 carries an aluminum-made V12 6.0-liter engine that delivers 402 hp (302 kW) and 548 Nm (405 lb-ft) of torque.
The engine is bolted to a six-speed automatic transmission, which delivers the power to the road via a 4WD system. Moreover, the Hongqi L5 comes with a hydro-pneumatic suspension.
The Hongqi L5 will take on cars such as the Rolls-Royce Phantom. For those who don’t know, the Phantom carries a 6.75-liter V12 engine that generates 453 hp (338 kW) and 720 Nm (531 lb-ft) of torque.
The engine is mated to a ZF eight-speed automatic transmission, which delivers the power to the rear wheels. Still, for 5 million yuan or $803,300 you can also buy a Ferrari FF in China. We are very curious to see how many people will buy the Hongqi L5.
As we said, this new vehicle will be produced by FAW, which also builds Red Flag luxury vehicles used by the Chinese government officials as well as Audi cars in China. The company was formerly called First Automotive Works and was started by the Communist Party as a linchpin of China’s industrial policy. [source: Bloomberg]