What's the difference?
The Denza B5 Leopard PHEV is the latest in China’s plug-in hybrid invasion of Australia.
Denza is a premium sub-brand of BYD and the B5 is a luxury body-on-frame 4WD wagon with five seats, 16 drive modes, a low-range gear-set on the rear axle, and front and rear diff locks.
It has a packed standard features list, a premium-style interior, about 100km electric-only driving range, and real off-road adventure potential.
But how does this plush plug-in perform off-road?
Read on.
The line between mainstream and luxury is getting blurier by the day. As cost-of-living pressures bite Australian families, anyone looking for a new car is looking to extract maximum value without sacrificing too much luxury.
Enter the new 2026 Hyundai Palisade Calligraphy. Sporting a bold and premium new look, loaded with more luxuries than ever before and powered by a new hybrid powertrain, the second-generation Palisade is a clear step forward from its predecessor.
As it should be, because it’s also significantly more than the previous Palisade Calligraphy. That puts it in the same ballpark as the Mazda CX-80 and range-topping Toyota Kluger, but it also means the Palisade is now no longer enormously cheaper than premium SUV options, such as the Land Rover Defender, Lexus RX and Volvo XC90.
So, is the new Palisade a luxury mainstream family transporter or a premium-priced SUV without the premium badge? We drove it to find out…
The Denza B5 Leopard PHEV is an impressive five-seat premium-style 4WD wagon: it’s reasonably nice to drive, it’s comfortable and it’s a capable 4WD and word on the tracks is that a new software update is set to make it even more of an effective off-roader.
It doesn’t offer the level of fuel economy you’d hope for, and there are issues with elements of its driver-assist tech suite – some of which are jarring and over-reactive – but the B5 looks and feels like a premium 4WD and represents decent value for money, especially when cross-shopped against something like a new-generation Prado.
So, is the new Palisade a luxury mainstream family transporter or a premium-priced SUV without the premium badge?
The reality is, it’s somewhere in the middle. The $14,000 price rise is a huge step up for family buyers, likely an insurmountable sum for many, which leaves them looking at the more affordable (but smaller) Santa Fe, waiting for a cheaper Palisade variant or going somewhere else entirely.
Having said all that, there’s no question, for those who can afford it, the new Palisade is a clear upgrade over the old model in every way. Especially the premium look and feel, which is a leap up, but also the driving experience, with its combination of potent but efficient powertrain and locally-tuned suspension.
So, for those who can afford it, the Palisade Calligraphy will provide a luxury experience at a lower price - which means it does offer good value, just at a higher price.
Note: CarsGuide attended this event as a guest of the manufacturer, with accommodation and meals provided.
It’s easy to immediately pick up on the B5’s plethora of design cues: it wears with pride its old-school 4WD influences – not the least of which is its blocky, straight-up-and-down profile – mixed in new-gen looks.
All-round this 4WD wagon might be considered an affectionate homage to the likes of the Toyota Prado (aka 250 Series).
The B5 sports roof rails, a sunroof and 20-inch alloy wheels.
Whatever you see when you look at the B5, at least it’s not generic or boring.
And that non-boring impression continues inside…
The B5’s interior is premium-looking and -feeling and it also features quirky touches, such as the crystal-look buttons including a ruby-red start-stop button, and enough leather-accented surfaces and brushed-metal-type sections to keep you intrigued.
Though the dash may be a confusion of buttons and controls, on- and off-screen, the whole she-bang is superficially impressive.
Case in point: the auto shifter lowers and self-stows away in the centre console when the car is switched off and rises for use when the car is switched on. Neat.
It’s on a par in design terms with rivals, such as the Prado.
Unlike many of its rivals that adopt a common design theme, Hyundai has made sure each of its models is dramatically different visually.
While there are some common elements that tie them together, comparing the new Palisade to the rest of Hyundai’s SUV range it’s clearly very different.
For the Palisade that means a deliberately big and bold exterior, with the vertically stacked headlights and large grille to create a unique look compared to either the Santa Fe or Ioniq 9. It’s the same at the rear, with more vertically stacked tail-lights.
That bold, premium design theme carries over to the interior, where there are some unmistakable Hyundai elements - like the steering wheel - but the soft, curved lines of the dashboard give it a distinct look compared to anything else the brand is offering at the moment.
Hyundai says the interior is inspired by premium furniture design and that rings true, but it’s also a noticeably tall dashboard, which gives a lot of visual depth to the interior.
To emphasise the premium furniture design and the flagship-nature of the Calligraphy, there are four different colour options for the Nappa leather interior - black, brown, dark charcoal (with brown stitching) and light grey/dark navy.
The B5’s cabin is plush, spacious, and comfortable.
The driver’s seat is eight-way power adjustable (plus four-way adjustable lumbar support), while the front passenger seat is six-way power adjustable.
As mentioned earlier, all seats are Nappa leather-accented.
The B5’s luxury-style interior, also as mentioned, includes nifty touches, such as crystal-look buttons being the most obvious, and an auto shifter auto that stows away in the centre console when the car is switched off and rises, ready for use, when the car is switched on.
Elsewhere the dash and centre console is, at first, a confusion of buttons and controls, on-screen and off. But you soon get sort of used to all of it.
The second row is a 60:40 split-fold split and it has a flip-down control console rather than a basic centre armrest with cupholders.
The rear cargo area has four tie-down points and volume is listed as 470L (with the second row up and in use) and 1064 litres with the second row stowed away.
The new Palisade is bigger in every dimension compared to the old model, and that helps translate into a roomy cabin, which in turn does help make it feel more premium.
As mentioned earlier, the Palisade comes with Hyundai’s Digital Key 2.0, which allows you to have a virtual key on your compatible smartphone, so you can lock/unlock and start the car without a physical key. The new fingerprint scanner, which is a small circular scanner in the centre console, allows you to program your Palisade to start by pressing your finger on the scanner.
While the Digital Key is a great concept and has obvious practical benefits, the fingerprint scanner doesn’t make much sense when you can also start the car by pressing the ‘start’ button.
Anyway, once you’re inside, the driver is treated to Hyundai’s ‘Ergo-motion’ seat, which can provide on-the-go massage. Both front seats are the brand’s relaxation seats, which can recline into a more comfortable position if you need to take a nap (obviously not when you’re driving).
In the second row the Palisade comes standard with a three-person bench, but for $1000 you can swap that out for a pair of captain’s chairs. Hyundai expects the split between these to be an even 50-50.
The third row is also a three-person bench, which means the Palisade can accommodate up to eight occupants, if needed. The third row would only accommodate three adults at a squeeze, but would be fine for younger children.
The second row seats can tilt out of the way at the press of a button, to make getting into the third row easier.
What’s really impressive about the Palisade Calligraphy cabin is the level of detail paid to making sure each seat is well looked after. Naturally there are cup/bottle holders and other small item storage spaces, but both the second and third rows get air-conditioning controls as well as heated seats (for the outboard positions), plus there are six 100W USB-C ports spread around the cabin. The front seats are heated and ventilated, and there’s also a UV sterilisation compartment in the front as well as a wireless charging pad.
Out the back the boot is a respectable 300 litres with the third row in use, but it expands to a roomy 712 litres with the third row stowed.
If you do need to fold down either the second or third row seats, you can do it at the press of a button in the boot. There’s also a 240-volt household outlet in the boot which allows you to run small electric devices.
The Denza B5 Leopard PHEV is available in two specs: entry-level B5 and top-spec B5 Leopard, which is the subject of this test. The Leopard has a recommended retail price of $79,990 (excluding on-road costs), while the regular B5 is $74,990.
Standard features in the Leopard include a 15.6-inch touchscreen multimedia system (with wireless Apple CarPlay and Android Auto), a 12.3-inch driver instrument cluster, surround-view cameras, hydraulic adaptive suspension, 16 driving modes, and front and rear diff locks.
The Leopard has Nappa leather-accented seats.
The B5 and its bigger stablemate, the B8, mark the debut of Denza’s Dual Mode Off-road (DMO) hybrid 4x4 architecture, consisting of the plug-in hybrid powertrain, which umbrellas a Blade battery, twin electric motors, and turbocharged four-cylinder engine – but more on that later.
Also of note is the fact that this B5’s 31.8kWh battery supports Vehicle-to-Load (V2L) functionality/capability, which means you can power your camping gear (lights, fridge, karaoke juke box etc.).
Eclipse Black paint is standard. Optional paint choices – including Alpine White, Juniper Green, Glacier Blue, Granite Grey and Leopard Gold – each costs an extra $1500 (including an interior colour-scheme and materials to match).
It’s more impressive in the value-for-money stakes than something like the new-generation Toyota Prado, which will set you back upwards of $100,000 for an Altitude or Kakadu spec.
Hyundai has opted to launch with only the Calligraphy grade for now, but that won’t be the end of the Palisade range. The more rugged XRT Pro variant will be coming in 2026, but no details are locked in just yet in terms of timing or pricing.
So, for now there is just one Palisade to pick, the Calligraphy priced from $89,900 (plus on-road costs). That’s a whopping $14,000 more expensive than the model it replaces, which is a huge jump regardless of the many changes Hyundai has made.
To be fair to Hyundai, the range-topping Kluger Hybrid Grande will set you back $85,135 (plus on-roads), so they’re in the same ballpark. But both are quite pricey for mainstream, family SUVs, especially in the current economic times.
Fortunately, Hyundai has been very generous with standard equipment, befitting the Calligraphy badge. This includes 21-inch alloy wheels, LED headlights and tail-lights, sunroof, a 14-speaker Bose sound system, leather-appointed upholstery, inbuilt navigation as well as Apple CarPlay and Android Auto. There’s also Hyundai’s 'Digital Key 2.0', which launched on the recent Ioniq 9 and an all-new fingerprint scanner - more on those below.
The B5 has a 1.5-litre turbocharged four-cylinder petrol engine, a 31.8kWh battery and an electric motor on each axle (front: 200kW/360Nm, rear: 285kW/400Nm) – and that combination all-up produces total outputs of 400kW and 760Nm.
The Leopard has a CVT, low-range 4WD gearing, as well as a front and rear diff lock.
The Denza B5 has 16 selectable drive modes: daily drive modes (Comfort, Eco and Sport), as well as terrain modes (Snow, Sand, Mud, Mountain, Rock, Intelligent, Creep, Wading, Sport+, Custom, Burst, Climbing, Tug-of-War (towing), L Function (low-range 4WD), and Leopard Turn, which is the B5’s equivalent of the Tank Turn, where it brakes the inside rear wheel during tight, low-speed off-road turns, reducing the turning radius, and so enabling the B5 to navigate a particularly tight turn.
Hyundai has replaced both the old 2.2-litre turbo-diesel and the 3.8-litre V6 petrol with an all-new hybrid powertrain.
Officially known as the 'TMED-II' hybrid system, the set-up combines a new 2.5-litre turbocharged petrol engine with a freshly developed hybrid system that integrates two electric motors, instead of just one.
It’s a very complex set-up that Hyundai spent many spreadsheet graphics explaining, but in simple terms, the two motors are mounted between the engine and the transmission and one motor is dedicated to creating power and the second one to drive the wheels.
The end result is the new Palisade makes a healthy 245kW of power and 460Nm of torque, whilst also being quite fuel efficient.
The 31.8kWh battery provides up to 100km of electric-only driving and supports 100kW DC fast-charging.
Official combined fuel consumption is 3.9L/100km and the B5 runs on regular unleaded fuel (91).
Official fuel consumption is 10.9L/100km when state of charge is lower than 25 per cent.
On this test, I recorded 10.2L/100km.
The B5 has a 83-litre fuel tank so, going by my fuel figures, you could expect a total driving range of about 900km out of a full tank and a full charge.
Hyundai claims this new hybrid set-up allows for a short amount of all-electric driving range, although it doesn’t reveal how far, but its main priority is to improve fuel economy while creating a viable alternative to the increasingly unpopular turbo-diesel engines.
Which it arguably manages to do quite well. Despite being a full-size SUV capable of accommodating up to eight occupants, the Palisade has a claimed fuel economy rating of just 6.8L/100km, which is an impressively small number for such a sizable vehicle.
While we couldn’t achieve that number on our predominantly open-road test drive, we still returned a solid 8.6L/100km, which is good given the conditions.
The Palisade is fitted with a relatively large 72-litre fuel tank, which means if you can hit the official claim, there is a theoretical driving range of more than 1000km.
The B5 Leopard is 4921mm long (with a 2800mm wheelbase), 1970mm wide, 1930mm high. It has a listed kerb weight of 3007kg and a 11.8m turning circle.
Yep, so it’s not insubstantial. But it doesn’t feel unwieldy to drive.
On road, there’s a lot to like about the B5: it's comfortable, refined and composed and it has such a premium feel about it that it really is a top spot in which to spend a lot of time, on road trips, day-to-day driving or long road trips – it's very impressive.
Denza reckons the B5 is capable of doing the 0-100km/h sprint in 4.8 seconds but, while I did admittedly check out the B5’s impressive acceleration in short bursts, I didn’t try to prove or disprove that 0-100km/h claim.
On dirt tracks the B5’s suspension – double wishbone independent and coil springs – yields a firm and jittery ride over minor irregularities in the track but otherwise it’s mostly controlled
Off-road, the separate body-on-ladder chassis B5 has up its metal sleeve an effective combination of mechanical low-range 4WD on the rear axle, electronic torque vectoring at front, diff locks front and rear, and well-calibrated off-road traction control.
This plug-in hybrid optimises a combination of driver-assist technology – including 16 drive modes with the bulk of those designed for off-road scenarios – and with nicely dialled-in off-road traction control and mechanical diff locks on-board it is formidable in most off-road situations.
In action, all of those modes adjust vehicle systems, throttle, and engine output to give the driver the best chance possible of getting safely through every off-road challenge.
And it does a bloody good job of it.
The B5 tackled our steep rock-step test with ease there's plenty of torque available and again that off-road traction control system is well calibrated, sharp and precise in its application.
Off-road angles on this vehicle are also on the right side of good and the fact that the Leopard has hydraulic-adjustable suspension to suit each driving mode is also a handy feature because you can maximise those off-road angles – approach, departure and ramp-over – as well as ground clearance.
In fact, you can set ground clearance anywhere between 220mm and 310mm and that means you have greater flexibility in terms of what you can drive, how you can drive, how severe an obstacle you can tackle and how safe you are while doing that.
This plug-in hybrid works through a continuously variable transmission (CVT) and it works well in this vehicle, in this package. It's clever, smooth and seamless in its operation
Another bonus is the B5’s off-road/360-degree cameras, which actually offer a decent image rather than the muddy, fish-eye view of some other on-board camera systems.
Now for the flaws.
There’s little to no wheel travel; there’s not a lot of stretch to those wheels when the height-adjustable suspension is maxed out at its top point – in Crawl mode – so you are sacrificing that.
The B5’s tyres (Pirelli Scorpion Elect SUV tyres – 275/55R20) are marketed as “all weather” tyres but they're not suited to four-wheel driving of any great difficulty.
If you’re thinking about using your B5 as an off-road tourer, get rid of the showroom-standard tyres and replace them with more aggressive all-terrains.
Payload in the Leopard is 490kg (600kg in the standard B5).
In terms of towing capacity: the B5 Leopard is rated to tow 750kg unbraked, and 3000kg braked. GVM is 3497kg, while GCM is 6232kg.
The B5 is a very effective 4WD wagon: smooth and comfortably capable.
There are some issues with the driver-assist tech, but that's mostly limited to its on-road behaviour – it can be intrusive and preemptive in its application – but the driver-assist tech, which relates to off-road performance, is impressive.
We eagerly await a full-blown software update that will further improve the B5’s off-road efficacy.
While it may look like a small engine of paper, the hybrid system provides good performance. It offers plenty of punch when you need it, not labouring up hills or when overtaking. But it’s also very quiet and smooth at lower speeds and when cruising, so the powertrain gets good marks.
The Palisade is also pleasant to drive thanks to its locally-tuned suspension and steering. Hyundai has returned to a local ride and handling program, after wavering in the aftermath of the pandemic. Engineers from Hyundai’s Korean headquarters came out to assist and ensure it was as well suited to our unique road conditions.
The result is a large SUV with good body control but also good compliance, which means it feels responsive to driver inputs but the suspension is still able to soak up bumps with relative ease. At no point does it feel crashy or harsh, instead it has a very relaxed driving character.
The Denza B5 Leopard PHEV has the maximum five-star ANCAP rating from testing in 2025.
As standard, it has 11 airbags (curtain, front, side, knee and centre airbags) and a comprehensive suite of driver-assist tech including AEB, adaptive cruise control, tyre pressure monitoring, a 360-degree around-view camera, as well as front and rear collision warning, and front cross traffic alert.
On a par with more expensive rivals, then.
Safety was a controversial topic with the first-generation Palisade, with some minor safety systems missed during the rush to get it secured in right-hand drive production, ANCAP decided to test it and publicly slam Hyundai for offering a four-star model. Only to quickly upgrade it to five-stars when Hyundai added the missing safety tech, as planned, when it did the mid-life refresh.
So, after ANCAP’s questionable approach last time, Hyundai took no chances this time around and is confident it will score a maximum five stars when it is tested. No stone was left unturned with the addition of all the required active safety systems and even deleted the central lamp that runs across the grille in other market models.
It has all the usual suspects, including autonomous emergency braking, lane change assist and rear cross-traffic alert, but also gets the more advanced systems like forward junction assist. There are plenty of passive systems, including airbag coverage for all three rows.
Unfortunately, Hyundai still has some work to do on implementing these systems in a seamless manner. The brand has made some improvements, but there are still a lot of ‘bings’ and ‘bongs’ when you change speed limits, veer too close to a lane marking or similar.
It’s great to have these safety systems, but only if they work well enough so you leave them on and pay attention to them.
The Denza B5 Leopard PHEV is covered by a six-year/150,000km warranty.
The B5’s 31.8kWh battery has an eight year/160,000km warranty.
The first service is scheduled at six months/3500km; the rest of the servicing appointments are set for every 12 months/20,000km.
Total cost is $3220 (plus GST) via five-year capped-price servicing.
That puts it on a par with more expensive rivals.
Hyundai has recently introduced a seven-year, unlimited kilometre warranty, which covers the new Palisade.
Of course, Hyundai is one of the best established car brands in the Australian market, and has a nationwide dealership network so factory servicing should be easy for most owners. This is a major advantage in these changing times with some many new brands looking to make a mark in Australia with modest foundations.
Service intervals are every 12 months or 10,000km, the latter is a bit shorter than average. And the capped price servicing plan only runs for five years. Costs vary from $397 for a minor check-up to $674 for your fourth visit, but over the course of the five years you’ll pay out $2600.