Forget Ferrari, The $803,300 Red Flag L5 Is The New Must-Have Car In China

Tyler Durden's picture

For the wealthy Chinese with 5 million Yuan (around $800,000) burning a hole in their pocket, there is a new must-have 'toy'. Instead of the latest Ferrari or Lambo, it is none other than the provocatively named "Red Flag L5" that is popping eyeballs and leaving the wealthy Chinese breathless...

As Bloomberg reports,

Forget Ferraris. Someone paid at least 5 million yuan ($803,300) to buy a Chinese car.


China FAW Group Corp. began taking orders for the tailor-made Red Flag L5, the nation’s most expensive vehicle, with the first one sold to a customer in Nanjing, the automaker said in a statement today at the Beijing auto show. Delivery will take three months, said the buyer, Wang Zhonghua, who runs a company that operates a chain of furniture malls in China.


FAW produces the Red Flag luxury vehicles used by government officials and also makes Volkswagen AG (VOW)’s Audi cars in China as its local manufacturing partner. Formerly called First Automotive Works, which was started by the Communist Party as a linchpin of China’s industrial policy, the company is seeking to capitalize on a government campaign to buy local brands.


For the price of a Red Flag L5, one can buy a Ferrari FF in China, according to, an auto pricing website.

Are the Chinese shifting from decadent flashiness to understated luxury... in an effort to hide the graft? Or does this odd looking vehicle lay golden eggs, come with a happy ending, and exhaust unicorn tears?


Goregous? Inside...


and out?

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mr Pink's picture

More importantly.. Yahoo news  top weekend stories : Kim Kardashian wears pink jumpsuit

Where do I get one of those one way tickets to Mars?

i-dog's picture

Good grief! Designed in the 1950s; built in the 21st century.

ACP's picture

Made popular by the Green Hornet, looks like. And the old series at that.

Headbanger's picture

Must have been designed in North Korea

All it needs are BIG FINS!

And fender skirts!

And why does that front end remind me of Bender from Futurama (Brought to You In Living Color!)??


SilverIsKing's picture

I had always wondered what ever happened to Eisenhower's car.

Say What Again's picture

I guess there is no law against talking on the cell phone while driving in China, because as one can clearly see in the last photo, the driver is calling someone (his loan broker?) while driving this expensive automobile.

pods's picture

You guys are missing the point. It is not how the car looks.
It will however increase your driving skills by a factor of 8.


Boris Alatovkrap's picture

Yu wan ka? Yu a lichi lichi mo ni? Ai se lyu led fu lag!

James_Cole's picture

Lol no expense spared on that interior. Save a bunch of money and pick up one of these instead:

Stackers's picture

It's like a Zil and a Bently had a love child

Harlequin001's picture

The front is definately Hillman Minx, the rest of it straight Bently copy.

Looks shite, sorry, but it does...

eatthebanksters's picture

These used to come free in a box of rice candy...

mjcOH1's picture

"Good grief! Designed in the 1950s; built in the 21st century."


It appears to be a 55 Studebaker, with the finest of plastic interiors.

long-shorty's picture

the problem with there being so many blogs and content aggregators these days is that you keep seeing April Fools joke press releases turned into news stories throughout the whole month of April (e.g. Nike's cork shoes).

then something like this comes along and you can't tell if it's real or just a very late April Fools joke.

Four chan's picture

they should keep their day jobs,

being slaves.

Hooter Shaker's picture

Ugly as shit.  Looks like an old Checker POS taxi cab.  They used to call them Sputniks...

Sirius Wonderblast's picture

Kudos for remembering the Hillman! There was even a company that specialised in tuning those sorry heaps, can't recall their name for the llfe of me. Of course, related to Hillman was Humber (at least once all part of Rootes) - remember the Sceptre and Super Snipe? Such car-isma!

Mountainview's picture

But it must weight 5 tons...nothing for Greens and global warming fighters...even if 5 cows issue more greenhouse gases... 

Four chan's picture

chinas secret goal is to destroy the earth before india.

Zerozen's picture

OK own up, who the hell downvoted this?

post turtle saver's picture

lol @ idiots with cell phones in their ear when their cars have hands-free support... proof once again that people only do that to look "important" in their cars while they're driving

here's a hint to those idiots that like to do that...

- if you were really important, you wouldn't be driving, someone would be driving for you

- even if someone were driving for you, your secretary would be in the car taking calls for you if you were truly important

fucking new money, no class at all


crazzziecanuck's picture

He could be using his free hand to cover his shameful face being caught on camera driving this thing.

NidStyles's picture

Uhh, not everyone drives a new car...

Professor Fate's picture

Early 90's Chrysler product with just a hint of 50's Nash Metropolitan and certainly the reliability of a Yugo.  Or...that POS is the same price as an original 427 AC Cobra.  Let's run one through the Mecom auction and see just what she brings.  LOL

Fate the Magnificent
"Push the Button, Max

worbsid's picture

You will know what's in it after you buy it.  For $800K, one should hope it comes with a "Fully Equipted" back seat.

PT's picture

But you don't understand.  These ones will be worth more on the second hand market.  They also come with the "rehypothecated collateral" option package.  It's an investment I tells ya!

PT's picture

Didn't the last Ukrainian Prez have one of these in his collection?

Son of Loki's picture

It's good to see Third World folks buying million dollar cars. Before long, they'll be buying $3-$5 million dollar houses in Kalifornia!


...oh, wait....

25or6to4's picture

No way. Looks like a slight update on the 1960s Opal designs that were so forward thinking. Where do I put my money down?

IndyPat's picture

Thank God the Edsel has finally been redeemed!

Kinda did for the Edsel what Obama did for Carter.

It's all about contrast....

wallstreetaposteriori's picture

It looks like a toyota.....with a Bugati pricetag...  I guess the Chinese are not that bright...

Four chan's picture

the new rich have always been funny in their spending.

Bunga Bunga's picture

This is how every GM car will look like in 30 years. Central planning can do more damage than you think.

IndyPat's picture

No. They will all look like those gay electric golf carts all the hipsters drive now.

Pried one out of the grill of my Wrangler Rubicon this morning with a toothpick. Gulped it down with one bite.

LeisureSmith's picture

For kommunist retro revival the Volga v12 is the king.

The Red Flag looks like a turd.. a very expensive turd.

knukles's picture

Trabant knockoff
The more thngs change the more.... 
... they are insane... 

lasvegaspersona's picture


YES!! It is Bender.....couldn't place the face at first though...