Meet Australia's new cheapest 2025 electric SUV: Chery Omoda E5 priced slashed by $6000 to undercut the BYD Atto 3 and match the outgoing MG ZS EV

The electric car price wars have renewed with increased intensity in 2025.

Chery is the latest maker to slash thousands off its electric car as it tries to move stock.

The brand’s first electric car, the Omoda E5, is now $6000 cheaper at $36,990 (before on-road costs) for the entry-level BX grade.

This matches the drive-away run out deal on the soon to be replaced MG ZS EV, though this is only on older 2023 versions.

This price discount follows similar price cuts by MG late in 2024, which took thousands off older versions of its MG4 electric hatchback.

BYD just announced new entry-level versions of its Dolphin electric mini hatchback and Atto 3 small SUV. The cheaper Dolphin now starts just below $30,000 (before on-road costs).

Chery Australia boss Lewis Lu said it is growing its electric and hybrid portfolio this year with several new models.

“At Chery, we are committed to accelerating the transition to clean energy by making electric vehicles more affordable for everyone, and easing the burden for consumers in these tough economic times” said Lu.

The Omoda E5 is powered by a single electric motor, which sends 150kW and 340Nm to the front wheels.

A 61kWh lithium-iron phosphate (LFP) battery provides a driving range of up to 430km and can accept a maximum charge rate of 80kW. Chery claims this can replenish the battery from 30 to 80 per cent in half an hour when connected to a DC fast charger.

There is a fair level of standard kit, too.

The base BX comes with cloth seats with synthetic leather highlights, wireless device charger, six-speaker Sony stereo, 18-inch alloy wheels, 18 driver aids and two 12.3-inch digital displays with one for the multimedia and the other for the driver’s instruments.

It also has a full size spare tyre, which is a massive advantage over the tyre repair kit other electric cars are dealt.

The Omoda E5 received a five star ANCAP safety rating, too.

Chery said the deal remains in place until stock lasts.