Conclusion: No Official Partnership Between PI and Hongqi Cars Found
Regarding the claim of "PI buying Hongqi cars," there is currently no verifiable official partnership or authorization evidence. No announcements from Pi Network or FAW Hongqi Cars regarding accepting PI for car purchases, standardized exchange rates, or offline fulfillment mechanisms have been found through public channels. Information about car exchanges circulating online mostly originates from community discussions, private arrangements, or unconfirmed re-tellings.
Why "Pi Coin for Cars" Spreads Easily
Pi Network has built its user base through mobile applications and community promotion, leading some users to attempt using PI for exchanging goods or services. Price discrepancies in unofficial transactions within the ecosystem are significant: some community posts offer extremely low PI quotes, while others demand tens of thousands of PI, indicating a lack of standardized pricing, contractual obligations, and after-sales guarantees for such exchanges.
At the same time, "official news," "community news," and "screenshot re-tellings" are easily conflated during dissemination. A project having developer updates does not mean a car brand will accept that token for payment.
Verifiable Official Progress of Pi Coin Recently
Public information indicates that Pi Network was in a closed mainnet phase early on, with limited external connections; in February 2025, the team announced the open mainnet launch for February 20, 2025. During the push for the open mainnet phase, the team disclosed several conditions: over 18 million KYC passes, over 10 million mainnet migrations, and over 100 mainnet or mainnet-ready applications.
The project continues to update after entering the mainnet phase. On October 30, 2026, Pi Network released developer-related updates, including a redesigned developer portal, AI-assisted app hosting, and enhanced identity verification features. These advancements primarily focus on ecosystem development and application deployment and do not constitute evidence that Hongqi Cars accepts PI payments.
Market Data and Discrepancies in Reporting
Around November 2, 2026, several market data platforms showed PI prices near $0.077. Public market data also indicates that PI reached an all-time high of approximately $3 in late February 2025, which is historical data; current prices show significant volatility compared to this historical high.
Different platforms have varying methodologies for calculating 24-hour trading volume, market capitalization, and supply, and this article does not list incompatible values. For readers, the more crucial point is: even if a token is tradable on some platforms, it does not mean any offline merchant or car brand is obligated to accept it.
Risk Warning
- Unofficial car purchases or bartering transactions typically lack contracts, after-sales service, price locking, and fulfillment guarantees.
- Community quotes can fluctuate significantly due to supply and demand, platforms, and regional differences.
- "Official news" should be verified against the project's official website, official app announcements, and the car brand's official channels.
- Token transactions require compliance with local regulations, and individuals bear the risks of price volatility and liquidity.
How to Determine the Credibility of a "Pi Coin Official Announcement"
- Check the publisher: Is it from the Pi Network official website, official app announcement, or verified account?
- Check the counterparty: Has the car brand issued a corresponding announcement?
- Check the transaction mechanism: Are there verifiable addresses, orders, contracts, and after-sales terms?
- Check data consistency: Are prices, supply, and market capitalization from the same point in time, same token unit, and same supply methodology?
