Geely EX5 launches with compelling pricing and factory-backing

An unexpected price drop sees the new Geely EX5 undercutting some of the most affordable electric SUVs in the Australian market.

Photo: Geely EX5 Imagine

Newcomer Chinese brand Geely has announced its first model in Australia – the EX5 mid-size electric SUV – will start at just $40,990 before on-road costs.

This figure massively undercuts industry expectations, and Geely’s for that matter, the brand only last month saying it expected the two Geely EX5 trims to retail locally in the $49,000-55,000 range.

Originally set to compete on price with the likes of the Hyundai Kona EV ($54,000) and Kia EV5 ($56,770 drive-away), the EX5 now parallels (and even undercuts) some of the cheapest electric SUVs in our market, including the Leapmotor C10 ($45,888) and the BYD Atto 3 ($39,990).

EX5 buyers will have a choice between the entry-level Complete for $40,990, and the top-grade Inspire that comes with more standard kit for $44,990.

— Liam Murphy

Further to the price cuts, Geely Australia has confirmed extensive factory backing for its debut model, including a seven-year/unlimited-kilometre vehicle warranty, eight-year/unlimited-kilometre high voltage battery warranty, and up to seven years of roadside assistance.

These are supported with an introductory offer of three years’ servicing, a one-year public charging subscription, a home charger, and premium paint – all complimentary until the end of April.

Both trims of the Geely EX5 have a 60kWh battery pack, the front-wheel drive motor producing 160kW/320Nm. Approximate range is 410-430km depending on spec.

The EX5 also has vehicle-to-load (V2L) capabilities, with 100kW DC charging and an impressive suite of standard tech. To date, it has not been ANCAP tested.