Chery E5 MY26 Price Cut: Now From $37,990 Driveaway

Key Points

The MY26 Chery E5 Ultimate is now priced from $37,990 driveaway, down from $39,990.
It offers 430km of range and comes with Apple CarPlay, Android Auto, and a full-size spare wheel.
Chery also has PHEV models coming that will be among the longest-range PHEVs available in Australia.

Chery Australia has cut the price of the MY26 E5 Ultimate to $37,990 driveaway. The previous price was $39,990 driveaway, a saving of $2,000. It is now one of the most affordable small electric SUVs on sale in Australia.

Chery E5 Ultimate: Price Before and After

Variant	Previous Price (Driveaway)	New Price (Driveaway)	Saving
E5 Ultimate (MY26)	$39,990	$37,990	$2,000

The E5 Ultimate is the only variant available for the MY26 model year. It can be ordered now through Chery's national dealer network.

The Chery E5 was the 26th best selling BEV model in 2025 with 868 sales. The segment leader was the BYD Atto 3 with 3861 sales.

What You Get

The E5 comes with a 430km WLTP range. Standard features include Apple CarPlay, Android Auto, advanced safety systems, and a full-size spare wheel. The interior is described as well-appointed with a spacious cabin suited to both city and weekend use.

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How It Compares to Rivals

The small electric SUV segment is getting more competitive. Here is how the E5 stacks up against four key rivals.

Chery E5 vs Competitors: Key Specs

Model	Price (from)	Range (WLTP)	Power	Battery	Drive
Chery E5 Ultimate	$37,990 driveaway	430km	150kW	61.1kWh	FWD
BYD Atto 3	$48,750 driveaway	420km	150kW	60.5kWh	FWD
MG S5 EV	$47,990 driveaway	435km	150kW	64kWh	FWD
Leapmotor B10	$41,990 driveaway	420km	95kW	49.9kWh	FWD
Jaecoo J5 EV	$36,990 driveaway	430km	150kW	61.1kWh	FWD

Note: Competitor prices are approximate and may vary based on your state. Check with your local dealers for current pricing.

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Chery's PHEV Lineup

Beyond the E5, Chery has PHEV models in the pipeline for Australia. These are expected to be among the longest-range PHEVs available in the country, which would put them ahead of most current options on the market.

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Cheapest Plug-in Hybrid (PHEV) in Australia (2026)

Looking for the cheapest PHEV in Australia? Here are the 10 most affordable plug-in hybrid SUVs you can buy in 2026, with specs, features and pricing.

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About the author

Danny Thai

Danny is a consultant and entrepreneur working at the cutting edge of the electric vehicle and energy transition. He is passionate about educating and helping consumers make better decisions through data.