Cheap new Chinese EV and hybrid incoming
By Dom Tripolone · 23 Sep 2026
XPeng is making it more affordable for Australians to get into one of their vehicles. The Chinese brand is launching the new L03 mid-size coupe-SUV, which severely undercuts the Tesla Model Y, Geely EX5 and Zeekr 7X. XPeng is also adding some variety to the menu with a range-extender hybrid (EREV) version, with Australia being one of the first markets outside of China to get the petrol-electric versions. There are three electric and one EREV L03s to choose from, with prices starting at $41,900 (before on-road costs) for the Standard Range EV and the Power X EREV. The Long Range EV jumps to $46,900 and the range tops out at the dual-motor Performance Ultra grade at $53,900. That entry price puts it at the same price as the Geely EX5 and $17,000 cheaper than the base Tesla Model Y and about $16,000 more affordable than the Zeekr 7X. The Power X EREV version uses a 1.5-litre petrol engine that is used purely as a generator to charge the 37kWh Lithium-ferro-Phosphate (LFP) battery and never drives the wheels. Instead, a 178kW/280Nm single electric motor drives the rear wheels. XPeng claims the 37kWh battery delivers an electric driving range of up to 215km calculated by the benchmark WLTP test cycle. The brand claims a total driving range of more than 1000km when the battery and 42-litre fuel tank are depleted. At the max DC charging rate, the battery can be topped up from 10 to 80 per cent in 20 minutes. AC charging tops out at 6.6kW. Standard Range electric versions use a circa-58kWh LFP battery that provides a WLTP rated driving range of up to 445km. It can DC charge up to 193kW, which can fill the battery from 20-80 per cent in 20 minutes. AC charging is up to 11kW. Power comes from a single electric motor that makes 163kW and 280Nm delivered to the rear wheels. Long Range and Performance Ultra grades up this with a roughly 71kWh LFP battery that enables a driving range of 520km (Long Range) and 440km (Performance Ultra). Both can DC charge up to 236kW, which again fills the battery from 10-80 in 20 minutes. The Long Range grade has slightly more power at 183kW/280Nm, again sent to the rear wheels. Performance Ultra examples have a second motor enabling all-wheel drive, with a total of 285kW on tap. That extra grunt drops the L03’s 0-100km/h time to 4.5 seconds from the 6.6 and 7.5 seconds of the Long Range and Standard Range grades. XPeng is making a big deal about how it is embedding AI into its cars. Bigger vehicles such as the coming G9L have increased functionality, but the L03 has the computing power to bring fully autonomous driving when it is ready. XPeng hasn’t sourced its chips from stock market darling Nvidia, instead XPeng is going it alone and developing and building its own processors it dubs AI Turing chips. The company is planning on rolling out fully autonomous capabilities in 2027, where regulations allow. Australia does not allow that yet, but this could mean it would have similar capabilities to Tesla’s Full Self Driving (Supervised). Tesla’s tech can drive autonomously, but the driver has to be ready to take control just in case. The L03 rides on either 18-inch alloy wheels or 20-inch units depending on specification. It has LED lighting front and back, with a full length light bar at the rear. It has cornering lights, privacy glass, frameless doors and door mirrors. Inside there are electronically adjustable, synthetic leather-wrapped seats that are heated and ventilated up front, with a massage function on the Performance Ultra grade. A heated microfibre covered steering wheel, wireless charging, ambient lighting, nine-speaker stereo that jumps to 18-speakers in the Performance Ultra. The range-topper also gets active noise cancellation to keep the outside world at bay. The L03 is a mid-size SUV that is a similar size to big names such as the Geely EX5 and Toyota RAV4, but slightly smaller than the Tesla Model Y and Zeekr 7X. It is 4650mm long, 1920mm wide, 1600mm tall and has a wheelbase of 2850mm. It has a ground clearance of 144mm and seating for five. The boot can hold 494-litres, which increases to 539L with the under-floor compartment included. There is a front cargo area under the bonnet that can hold 102L. It is rated to 750kg unbraked or 1500kg braked. The L03 can be had in white, two types of black, silver and purple.