No, a Red Panda is a lot smaller and lives in a similar way to a Lemur. The Panda that you are probably thinking of is the Giant Panda (black and white) and spends approximately 14 hours consuming food whereas a red panda consumes on average 13 hours.
Addendum to above answer:
Red pandas are "real" but the most well known panda is the giant panda. Giant pandas are native to China while red pandas are native to the Himalayas, China, Nepal, Myanmar, and India. Both animals feed on bamboo.
Red pandas are real and they live in eastern Himalaya and southwest China.
What's not real is the "panda" part of their name. They're not closely related to the Giant pandas.
They simply happen to look kinda similar and live in about the same area.
They are found in the mountains of Nepal, India, China, Bhutan and Myanmar, and in those places they live in red trees.
It is illegal to have a red panda as a pet.
Sichuan province
The zoo.
Wiki
trees
eating and sleeping
red pandas are red and black and white pandas are black and white
pandas can be red?
Red pandas are a reddish brown.
Like giant pandas, red pandas primarily eat bamboo.
Technically, yes red pandas are pandas. In fact they were the very first pandas. The other pandas were named after it.
red pandas and giant pandas
Red pandas are endangered.
Yes, red pandas are mammals.