Hyundai’s New EV Costs Over Twice As Much In Australia As In China

- Hyundai Elexio takes on Tesla Model Y, Kia EV5, and BYD Sealion 7.
- Single Elite variant includes 88 kWh battery and 546 km of range.
- Elexio undercuts Ioniq 5 pricing in Australia by nearly AU$12,000.
Hyundai has just launched a new electric vehicle in Australia, and it’s quite unlike anything else from the brand. Rather than slotting into the familiar Ioniq family, this one takes a different route entirely. It’s called the Elexio, and it was developed through Hyundai’s joint venture with Chinese partner BAIC.
The result is a model that stands apart from the brand’s existing EVs in both design and intent. Could this be the one to stir things up in the local EV scene?
Where It Fits In
Reaching showrooms this quarter, the new Hyundai Elexio has been announced in a single configuration known as the Elite. Priced from AU$59,990 ($40,500), it is positioned between the Kona Electric and the Ioniq 5, taking aim at popular models like the BYD Sealion 7, Kia EV5, and Tesla Model Y.
Read: Another Chinese SUV Coming To Australia, This Time From Hyundai
That price point puts it in an interesting position. The Kona Electric starts at AU$45,990 ($31,000), while stepping into an Ioniq 5 requires at least AU$71,990 ($48,600). By landing between them, the Elexio offers an alternative that balances size, range, and price.
Still, it’s not the cheapest option out there. The BYD Sealion 7 undercuts it at AU$54,990 ($37,100), and the Kia EV5 starts just below at AU$56,770 ($38,300).
There’s also the question of pricing disparity with the Chinese domestic market. Over there, the Elexio starts at just 119,800 yuan, or a little over AU$25,000 ($17,100 at current exchange rates). That’s less than half what Australians are being asked to pay. But given how aggressively priced Chinese EVs are within their own market, it’s not an apples-to-apples comparison.
The Specs
Underpinning the Elexio is Hyundai’s E-GMP architecture, but unlike other models including the Ioniq 5, it has a 400-volt electrical architecture, rather than an 800-volt one. This means the 88 kWh lithium-iron phosphate battery needs 38 minutes to charge from 10-80 percent at a DC fast charger.
Hyundai hasn’t publicized the EV’s peak charging speeds, but says it can travel up to 546 km (339 miles) on a charge per the WLTP cycle, and average 18.2 kWh/100 km.
Power comes from a single front-mounted motor producing 160 kW (214 hp) and 310 Nm (229 lb-ft) of torque. It’s a front-wheel-drive setup, which helps keep the price down and efficiency up, though it may not appeal to those looking for the dynamics of a rear- or all-wheel-drive EV.
Tailored for Australia
While the Australian-spec Elexio is largely identical to the Chinese version, Hyundai has made one important adjustment. The suspension has been specifically tuned for Australian road conditions, a move that should help it feel more at home.
Standard features are generous. The cabin is anchored by Hyundai’s latest Connect-C infotainment system, presented across a sweeping 27-inch display that covers both infotainment and passenger functions. A head-up display is also included as standard equipment, helping the Elexio stand out in a crowded field of similarly priced electric SUVs.


















