Key facts
- Hongqi announced the S9 at the Shanghai auto show in April 2021 with a $1.45 million price.
- The S9 was announced with more than 1,400 horsepower and a top speed above 400 km/h.
- Xu Liuping, then chairman of parent FAW Group, announced orders for an initial run of 99 cars.
- The report says the supercar program ended in debt and liquidation.
Hongqi's S9 supercar program ended in debt and liquidation, according to a report published November 11, 2026. The Chinese luxury brand had announced the car at the Shanghai auto show in April 2021, where a red-and-black example with sharply sculpted bodywork drew attention at its booth.
At the show, Xu Liuping, then chairman of parent FAW Group, said global orders were opening for an initial run of 99 cars. The announced price was $1.45 million.
Hongqi said the S9 would deliver more than 1,400 horsepower, acceleration from zero to 100 kilometers an hour in under two seconds and a top speed above 400 kilometers an hour. The report gives no further detail on the debts, creditors or liquidation process.