Check out this $800,000.00 car crafted by "Hongqi". This luxe ride comes fully loaded with a price tag of 5-million yuan. Hongqi has mastered the art of luxury over the last 50 years and the L5 is the pinnacle of that journey. The Hongqi was debuted recently at the Beijing Auto Show and the first model was purchased directly off of the showroom floor. Get a close-up of the Hongqi L5...
China's oldest car company rolled out its first vehicle on Aug. 1, 1958; it was a chrome-lined black sedan designed -- like the pastiche of 1950s cars it resembled, including the Packard-esque Chaika -- to strike equal amounts of fear and inspiration into the revolutionaries. In Chinese, "Hongqi" means "red flag," the most potent symbol of the Chinese Communist Party, making it a fitting name for a company that supplied the apparatchik. A symbol of power, a sphere of influence, a four-wheeled Great Leap Forward! Curiously enough, it took Nixon's 1972 visit for Mao Zedong (who finally swore off the Soviets and their ZIS-110s) to get into a Hongqi.
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