A limited edition LaFerrari sports car with a price tag of HK$28 million ended up in an ugly wreck after crashing in central Shanghai shortly before midnight Tuesday.
The red LaFerrari went out of control while crossing a viaduct on Wuzhong Road around 11 p.m., Apple Daily reported on Thursday.
The driver did not sustain any serious injuries, police said, but the car was heavily damaged at the front and rear. The cockpit appeared intact.
Police said it was raining that night, and the road was slippery.
The driver was identified as Qin Fen, 27, chairman of Shanghai Feirong Investment Co. He is said to have several other sports cars including a McLaren P1 and a Koenigsegg, mainland news portal The Paper reported.
The crash is said to be the first involving a LaFerrari in Asia since the hybrid sports car made its international debut in 2013. Only about 500 units of the model have been built by the Italian sports car maker.
Repair of the wrecked car could cost as much as HK$12 million, the report said.
James Kong, spokesman of Hong Kong Automobile Association, said the accident could have been due to the driver’s carelessness when making turns, and the slippery road was also a factor.
Kong said LaFerrari is so far the most expensive and best quality sports car produced by Ferrari.
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