Chery has slashed the price of its top-spec MY26 E5 SUV Ultimate edition by thousands of dollars, bringing it down to just $37,990 driveaway.
The new price for the model is over $6,000 cheaper than the previous driveaway price, and makes it the lowest cost electric SUV with over 420 km of WLTP range in the Australian market.
The move follows a surge in interest in EVs in Australia, with sales reaching record highs in March and order books pushing out to several months, and amid a new round of price-cuts as various car makers seek to put their models centre stage.
Lucas Harris, the COO of Chery Australia, said the new pricing was designed to make EVs more accessible to more Australians. “At $37,990 driveaway, the E5 delivers exceptional value in a practical SUV package, without asking customers to compromise on features, safety or technology,” he said in a statement.
Chery E5 was launched in Australia in the second half of 2024 and was one of the most affordable electric SUV options back then. It has solar more than 1,000 units in the last 15 months.
It arrived in two variants, which, over the years, have seen changes to their variant names, but both models share the drivetrain and battery and can deliver up to 430 km of WLTP range, thanks to its 61 kWh Lithium-Iron-Phosphate (LFP) battery pack.
An AC charge rate of up to 9.9 kW is available on a three-phase charger, which is generally not too common in SUVs around this price point.
On fast charging, it can reach speeds of up to 80 kW at a high-powered charger, helping charge the car from 30-80% in 28 minutes.
Looking into the features each variant brings, the E5 variant is quite well-equipped with key features, including:
- Dual 12.3-inch screens
- 18-inch alloy wheels
- Wireless Apple CarPlay and Android Auto
- 50W wireless phone charger
- Powered sunroof
- Powered tailgate
- Leatherette upholstery
- Heated front and outboard rear seats
- Heated steering wheel
- Ambient interior lighting
- 360-degree camera
- 8-speaker sound system.
The Chery E5 also ticks the boxes on the safety front, receiving a 5-star ANCAP safety rating in 2024.
There is also a 7-year and unlimited kilometre warranty available for the car itself, along with 7-year capped price servicing and up to 7 years of roadside assistance.
The battery pack is covered by an 8-year and unlimited-kilometre warranty, which is on par with other industry players. The MY26 E5 Ultimate is available to order now through Chery dealers.
Riz is the founder of carloop based in Melbourne, specialising in Australian EV data, insight reports and trends. He is a mechanical engineer who spent the first 7 years of his career building transport infrastructure before starting carloop. He has a passion for cars, particularly EVs and wants to help reduce transport emissions in Australia. He currently drives a red Tesla Model 3.