Meet China's most expensive car

This is the Hongqi L5 limousine. It's a very big, very powerful and very important car for very important people, and the very first production model has just been sold for 5m yuan (about $800,000).

Bloomberg is reporting that a Chinese customer in Nanjing has bought the very first production Honqui L5 saloon, China's most expensive car.

Mr Wang Zhonghua is the man with the cash, and will take delivery of his new ‘Red Flag' L5 some three months from now, following its unveil at this year's Beijing motor show. We saw the L7 last year too at the Shanghai Motor Show, and this one looks equally like a European luxury car that crashed headfirst into the 1960s.

It weighs 6,950lbs. It is 18ft long, 6.5ft wide and 5ft tall. It sports a 6-litre V12 producing 402hp and 405lb-ft of torque, channeled through a six-speed automatic gearbox. It has four-wheel-drive. There is much leather and wood inside, coupled to a nod to the digital age.

Sure, it looks weirdly cool, but we don't have to tell you exactly what $800,000 can buy. Well, we will a bit. It will buy you a Lamborghini Aventador Roadster and a 5-litre supercharged Range Rover, with around $150k left over to play with in the classifieds.