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Geely offers new EV incentive on its EX5 and EX2 models as competition heats up

Image: Riz Akhtar

Geely has a new sales incentive on its EX5 and EX2 electric models, offering 0.09% comparison rate finance over 36 months on eligible vehicles.

The move follows cashback and finance offers from earlier this year designed to help maintain sales momentum for its SUV models.Ā This is the first time, however, that the newly released EX2 hatch has seen an incentive.

Geely launched the brand in March 2025 with the EX5 electric SUV. Since then, it has sold over 15,000 cars, making it one of the most popular EVs on the market.

The EX5 is a very well-equipped SUV in our market that delivers a WLTP range of 475 km, thanks to the recently upgraded, larger 68 kWh Lithium-Iron-Phosphate (LFP) battery pack. 

Charging it from 30-80% will take around 20 minutes at 100 kW peak DC charging speeds, although we have seen higher speeds on local fast chargers. 

11 kW AC charging is also on offer for those with a three-phase power source, along with vehicle-to-load (V2L) capability.

Price of the EX5 starts at $41,990 before on-roads with the top-spec variant coming in at $45,990 before on-roads.

In December 2025, the company announced it would introduce a small electric hatch called the EX2. This model has been China’s best-selling car since 2025, with over 460,000 sales there.

Since then, it has launched in our market with early sales of over 2,000 in the first three months.Ā The EX2 Inspire variant is priced from $30,990 before on-roads.

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RizĀ 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.

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