A rare Ferrari LaFerrari with a turbulent past is once again at the center of attention after suffering a second major crash in Shanghai, more than a decade after a costly repair brought it back from a previous wreck.
The hypercar, originally delivered in red 11 years ago, first made headlines in April 2015 when it crashed on a rain-soaked highway in Shanghai. Driven at the time by investment tycoon Qin Fen, the car hydroplaned during a storm and struck a barrier. The incident was labeled by local media as Asia’s first LaFerrari accident. The damaged vehicle was sent to Ferrari’s headquarters in Maranello, Italy, where it was reportedly repaired at a cost of $1.4 million, a figure believed to represent China’s highest repair bill for a single-car crash.
After repairs, the car changed hands and appearances. It was later seen wrapped in white and eventually repainted yellow, though it retained a red interior. A small plaque engraved with the word “KING,” associated with Qin Fen’s online identity, remained on the steering wheel.
In early February 2026, the same LaFerrari was involved in another violent crash in Shanghai. No injuries were reported, and no other vehicles were involved. Images circulating online showed severe front-end damage, shattered bodywork and a broken suspension, with the rear pressed against a concrete wall. One tire appeared deflated.
The cause of the latest crash remains unclear, though weather conditions were not considered a factor.
Ferrari built only 710 LaFerraris, including 499 coupes and 210 Aperta models. Powered by a 6.3-liter V12 producing 950 horsepower, the rear-wheel-drive hypercar can accelerate from 0 to 60 mph in 2.4 seconds and reach 215 mph. Well-maintained examples command an average of $3.3 million on the used market, with a 2017 Aperta recently setting a record at $11 million.
Whether this twice-damaged example will return to the road again now rests with insurers, who declined to declare it a total loss after its first crash. For now, its journey continues on the back of a trailer rather than at triple-digit speeds.
Shawn Henry