GWM Steed Reviews
You'll find all our GWM Steed reviews right here.
Our reviews offer detailed analysis of the 's features, design, practicality, fuel consumption, engine and transmission, safety, ownership and what it's like to drive.
The most recent reviews sit up the top of the page, but if you're looking for an older model year or shopping for a used car, scroll down to find GWM Steed dating back as far as 2021.
GWM Reviews and News
Car buyers ditch brand loyalty in Australia
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By Tim Gibson · 19 Mar 2026
Brand loyalty is being increasingly eroded according to exclusive data in Gumtree Group’s The Next Gear: Australia in Motion report.In a survey of prospective buyers looking at hybrid and plug-in hybrid cars, just three per cent had an exact model in mind and only nine per cent had a preference on brand.The data shows 38 per cent of respondents said they were open to a variety of car options or were undecided, while 25 per cent knew the type of car they wanted, but had no preference on the brand. The data was generated from a survey of nearly 4400 people who visited Gumtree, CarsGuide and Autotrader in 2025.The erosion of brand loyalty has been in part brought on by the significant influx of new players entering the Australian market, with aggressive price-points.This trend has continued into 2026. Already this year, BYD’s luxury sub-brand Denza launched with its B5 and B8 SUVs, while several other brands, including Chery’s sub-brand Lepas are not too far away. These new players will add to the already-diverse list of manufacturers with cars on sale Down Under, with some of those shaking up the established pack. The likes of BYD and Chery, with extensive electric and hybrid options, have made huge strides in the Aussie market at the expense of brands such as Mitsubishi and Subaru.The latest sales data also revealed Chinese manufacturers overtook Japanese manufacturers Down Under for the first time in February 2026.It is a similar story when looking at the best-selling brands, with both Toyota and Mazda experiencing sizeable drops in sales month-to-month, while BYD, GWM and Chery all saw big increases. There are signs now that Chinese brands are beginning to snatch more sales from each other in Australia, with LDV and MG losing out to rivals.The same goes for established brand GWM, which for the first time was overtaken by BYD in the sales charts for Australia last month.Hybrid choices continue to grow in popularity, but petrol sales remain dominant for now. As brands continue to favour hybrid over petrol in their line-ups thanks in no small part to Australia's new vehicle efficiency standards (NVES), the electrified shift with accelerate. Many brands like Toyota have shifted entire product portfolios to hybrid-only, while others are expected to follow suit before long as regulations bite toward the end of the decade.
Petrol vs hybrid fuel price cost comparison
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By Tim Gibson · 18 Mar 2026
Fuel prices in Australia are soaring, meaning fuel efficiency in vehicles is a more important consideration than ever. Hybrid cars offer the potential for superior fuel efficiency compared to internal combustion power without the big price premium if fully electric or plug-in hybrid options. This makes them an increasingly attractive option for buyers given the current global climate. Hybrid sales are already booming in Australia, but will increases in fuel prices accelerate the shift away from pure internal combustion cars? NRMA spokesperson Peter Khoury said that while hybrid sales are increasing, an even swifter transition is less than clear. “If you’re driving a standard vehicle with a 55-litre tank, compared to what we were paying before the war began to now, it’s a $45 increase on one tank of petrol. That applies regardless of whether it’s hybrid or petrol,” Khoury said. “Historically speaking, looking at what happens after an oil shock, it certainly opens up their consideration. “No doubt that if this crisis continues and these prices hang around for weeks or months, Australians will look at those alternatives more seriously.” Below is a comparison between popular petrol and hybrid choices in each segment to see how they stack up in a changing fuel context. Fuel cost has been calculated using current data from the New South Wales’ government’s average fuel price for unleaded 95 petrol and diesel. Toyota’s Corolla hybrid hatch offers superior fuel efficiency and driving range compared to the Kia K4 petrol model. The Corolla is also cheaper to fill up with fuel thanks to its smaller tank and offers a substantially bigger driving range. The Kia Seltos is a petrol-only variant, but despite its bigger fuel tank, it has less driving range than the Toyota Corolla Cross, courtesy of the hybrid powertrain. The bigger fuel tank means the Seltos is also more expensive to fill up. The mid-size CX-5 has a non-turbo charged petrol engine, which sees it offer an impressive estimated driving range of more than 800km, but once again the Toyota competitor’s fuel efficiency wins out in the RAV4 hybrid. The Toyota Kluger continues the Japanese juggernaut’s fuel efficient theme, with a hybrid set-up offering a driving range of more than 1122km, which is significantly more than the MQ QS, despite both cars costing a similar amount to fill up at the bowser. Utes are some of the worst affected by the fuel price increase as many of them are powered using diesel engines, with diesel fuel rising more than petrol. It has now risen to well beyond the $2.60 mark per litre. The BYD Shark’s plug-in hybrid set-up uses petrol, which makes it an affordable option, given the price of diesel. It should be noted that the Shark 6’s fuel efficiency is significantly reduced when the battery is not charged. It’s a similar story for the GWM Cannon Alpha, which should be noted is no longer on sale, but remains one of limited plug-less hybrid utes in Australia.
GWM’s Nissan Patrol-smasher a chance for Oz
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By Tim Nicholson · 18 Mar 2026
GWM’s much-hyped V8 engine is still not locked in for Australia as the company mulls how it will introduce such an engine when emissions regulations are starting to bite.The Chinese giant announced the existence of a new 4.0-litre V8 engine at last year’s Shanghai motor show, claiming that it has “solved problems overseas companies couldn’t solve” when it comes to higher capacity engines.The announcement was a shock given every other manufacturer is downsizing their internal combustion engine (ICE) powertrains or moving to electrification.Speaking with journalists in Melbourne recently, GWM ANZ Chief Operating Officer John Kett said the newly developed V8 was still a chance for Australia, but the company has to determine how that will work with the New Vehicle efficiency Standard (NVES) now in play.“We'd love to turn that V8 story that we spoke about last year into something. We got visibility around certainly V8 ICE. Not sure if we can pay the NVES penalty, but we want to think about that too and how that would work. And we don't have anything more in our plug-in hybrid V8, but it's certainly still there.”Questioned on whether the V8 was guaranteed for Australia, Kett said:“I would say the technology is there. We haven't made a final decision.”He added GWM needs to keep pushing its plug-in hybrid (PHEV) and EV models, including Ora, for the V8 to get over the line.Currently there are a number of PHEV models in GWM’s growing portfolio, including the H6 and H6 GT PHEV, the Tank 500 and soon-to-launch Tank 300, as well as the Cannon Alpha ute. A plug-iun version of the smaller Cannon ute has also been confirmed.Ora consists of just one niche hatchback model for now, but GWM confirmed two to three new Ora models to launch in 2026, including the Ora 5 crossover.The V8 could find its way under the bonnet of the Tank 700 SUV or the coming Tank 800 flagship, but that’s yet to be confirmed.Kett said he understands that messaging could get confusing for GWM which claims green credentials while planning a V8, but suggested there could be other ways to bring the big engine to market.“I'm not sure how we explain them in this world, that we're a green company and we have a V8, but I'm sure we'll work our way through that, right?“We certainly see in the upper-large segments what they're getting away with, and the opportunity for us. So if it ends up being a narrow build or a limitation on how many we bring in, but certainly in our portfolio, there's a car we could take. It's just the economics piece.”He said one option could be to introduce the engine in very limited numbers, but he would like it to be broader. Another option was to charge V8 customers for cost of NVES, but that too is far from a certainty.“So maybe it has to pay for it, maybe we just have to say outside of V8 will be neutral and a bit of credit, V8 customer are just going to have to pay for the tax that goes with that right? That economically makes sense. I'm not sure PR wise or corporate wise, whether they would like that. That's the economic side.”GWM ANZ Head of Marketing and Communications Steve Maciver has faith that the company will be able to introduce the V8 in healthy numbers, but it comes down to economic sense.“If we can build a business case and there's demand there, we're not going to limit. We'll sell as many as we can get our hands on. And we're pretty confident we'll get support from the factory for us to do that.“We have to get that hybrid and plug-in hybrid and EV part of the portfolio right. And we think we've got today, a good setup of product technology to take us there. But again, knowing what's coming in the pipeline, we will add a significant number more plug-in hybrids, EVs into that space, and we're confident we'll grow that.“And if we can do that, it really firms up V8 for us. But we're still going to make the business case as we do with any new car coming up.”In other words, watch this space.
What Ford really thinks of BYD Shark 6
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By Jack Quick · 17 Mar 2026
Although the Ford Ranger is currently the best-selling vehicle in Australia for two years running, there's no denying BYD has had a lot of success with the Shark 6 plug-in hybrid (PHEV) ute.It’s even more of a big deal when Ford CEO Jim Farley comes to Australia to test it out, along with other key rivals to see how they stack up against the Ranger.“They’re totally different animals,” said Farley to Australian media, including CarsGuide, when asked how the Ranger compares to the BYD Shark 6 and GWM Cannon Alpha PHEV.“The [BYD] Shark is a ute, but if you put 500kg in the back, it’s not a Ranger, it’s not a HiLux.“But for someone who doesn’t do that every day and they want electrification, you know, it’s a pretty competitive product.“I have no idea how they make money.“The Great Wall is a very competitive product and I’ve talked to a lot of customers of both and those customers are very educated.“Yet again, [BYD and GWM] haven’t been doing it like our Ranger or the HiLux for decades, so they don’t have all the chassis and all the towing payload and all the experience.“So they’re coming at it with a huge deficit, but it’s a good, solid, competitive product.“I mean I much prefer the Ranger for real work. It’s no competition, but not everyone in buys a Ranger to do the kind of work that we design it for.“There’s a lot of different kinds of customers here.”The BYD Shark 6 ute is by far the best-selling PHEV ute currently in Australia. In 2025 a total of 18,073 examples were sold, making it BYD’s best-selling vehicle for the year, while also outselling a number of diesel-powered rivals like the Mazda BT-50, Nissan Navara and Volkswagen Amarok.While it has a body-on-frame chassis, the Shark 6 has an electric-heavy PHEV powertrain layout with no driveshaft down the middle of the vehicle and no locking differentials. It also has a slightly reduced braked trailer towing capacity of 2500kg.GWM has had success to a lesser extent with the Cannon Alpha PHEV in Australia, but due to how its PHEV drivetrain is configured, it allows for a mechanical four-wheel drive system plus a higher 3.5-tonne braked towing capacity.It’s worth noting the Ford Ranger PHEV also has a similar PHEV layout as the Cannon Alpha PHEV and similarly allows for a segment-meeting 3.5-tonne braked towing capacity and a mechanical four-wheel drive system.Ford doesn’t publicly disclose sales figures that split out Ranger PHEV sales from the wider Ranger family, which now also includes the beefy Ranger Super Duty. It’s therefore unclear how popular the Ranger PHEV has been in Australia to date.On paper, where the Ranger PHEV is let down over the Shark 6 and Cannon Alpha PHEV is pure-electric range. It only offers up to 49km of electric range, whereas the Shark 6 offers 100km and the Cannon Alpha PHEV offers 115km, all according to NEDC testing.Another notable disadvantage for the Ranger PHEV over the BYD Shark 6 and GWM Cannon Alpha PHEV is pricing.The Ranger PHEV currently starts at $71,990, before on-road costs, for the XLT and extends to $79,990, BOC, for the Wildtrak.The Shark 6 on the other hand is currently offered in one trim level, priced at $57,900, drive-away.The Cannon Alpha PHEV starts at $51,490, drive-away, and extends to $58,490, drive-away, thanks to a pricing offer that’s set to end at the end of March.
Reason Aussies love Chinese cars
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By Tim Gibson · 16 Mar 2026
Buyers are abandoning their supposed skepticism of Chinese carmakers, with affordability proving a key factor in buying decision-making. According to The Next Gear - Australia in Motion data from Gumtree Group (owner of CarsGuide), which surveyed more than 4000 prospective car buyers, 57 per cent of respondents said the country of origin for a car is an important factor in the purchasing process.Further, 42 per cent of respondents said they were unlikely to consider buying a vehicle from a brand originating in China. Unlikelihood to consider buying car from brand originating in following countries Sales data tells a different story. For February 2026 sales, China became the biggest country of origin for new-car sales in Australia. Gumtree Group's data also shows 11 Chinese-owned brands appear in Australian consideration sets. Brands BYD, GWM and Chery were all in the top 10 best-selling carmakers for February 2026, combining for nearly 15,000 sales for the month. China overtook Japan, which 71 per cent of respondents said they would likely consider buying a vehicle with that country of origin. China’s dominance in Australia is only going to increase from here, with many manufacturers offering budget EV options in a market where EVs are increasing of interest to buyers. Mainstream car makers are also starting to shift production across to China, either re-badging Chinese cars or manufacturing cars there.This offers brands the potential to build for and import cars to Australia cheaper, enabling more competitive prices. For example, the highly-anticipated Mazda 6e launching soon in Australia, is a re-skinned version of the Deepal L07, while many of Tesla’s popular EVs are built in China. This comparative cheapness is driving buyers to abandon their brand origin preference.Chinese-made cars are among some of the cheapest on the market, especially in the EV space, such as BYD’s Atto 1, Atto 2 and Dolphin, which are three cheapest new EVs in Australia. It is a similar story for internal combustion powered cars, with the MG3 currently available for under $20K as one example.
The aussies driving EV boom
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By Tim Gibson · 16 Mar 2026
Electric vehicle sales in Australia are booming, but not in the locations where you might expect them to be.There has been new insight into where Aussies are buying EVs in Australia from the National Automotive Leasing and Salary Packaging Association (NALSPA).NALSPA’s data shows where EVs are being purchased using a novated lease and the Electric Car Discount (ECD).Range anxiety is often quoted as one of the major roadblocks to the uptake on EVs in Australia. This data suggests it might not play on people's minds to the extent previously thought.Many of the suburbs on the list are not immediately located in the city centres, but further out.The top two postcodes are both on the outskirts of Melbourne in Victoria, around 25-30km away from the CBD.Next up on the list are two postcodes from the west of Sydney, before a rural area in the ACT.The outskirt city theme continues down the list, with a postcode roughly 30km from Brisbane, Queensland, followed by another outer Melbourne postcode.Rounding out the list is a postcode in the greater Western Sydney area, along with NSW/ACT border town Queanbeyan and a postcode around 10km away from Canberra’s centre.This point outer metro residents searching for some respite from high fuel costs from their long commutes and they have access to roof top solar power.Top 10 postcodes for electric vehicles using novated leasing and EDCThe ECD waives the Fringe Benefits Tax (FBT). The incentive applies to new battery-electric vehicles, up to a total cost of $89,332.NALSPA Chief Executive Officer Rohan Martin said the data demonstrates the importance of the ECD, especially to people living outside of the major cities. “Australians living in the outer suburbs often face longer commutes and are more likely to have access to rooftop solar and off-street parking so switching to EVs with the help of the FBT exemption is a smart cost-of-living and green choice for them, especially during the ongoing cost-of-living crunch,” Martin said. “We cannot increase EV uptake further, especially during this early adoption phase, without continued targeted demand-side incentives - that's the stark reality. The EV Discount is more than proving its worth but there is still much heavy lifting to be done.”This news comes after the federal government announced a statutory review in the EDC last year, with rumours the whole scheme could be pulled. Costs for the scheme have increased significantly beyond original forecasts, with it costing $1.35 billion last financial year. There is potential for these costs to blow out further as EVs become a more attractive option for buyers with petrol and diesel fuels soaring up in price, along with increasingly scarce availability.
Chinese brands are battling each other!
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By James Cleary · 13 Mar 2026
In 2026 it appears two ‘new’ new challenger brands have overtaken a pair of ‘old’ new challenger brands in the Aussie new car market.Two of the earliest automotive disrupters from China, LDV and MG, have been heading backwards in terms of year-on-year sales performance in recent months while relative newcomers BYD and Chery continue to grow at a spectacular rate.For context, MG suffered something of a false start here with the MG6 in 2013, distributed by private importer Longwell Motor (operating as MG Motor Australia).But the MG brand (re)launched here as a SAIC factory subsidiary in 2016, with the first cars registered - a bunch of elderly MG6s as well as the new MG GS and MG3 - in early 2017.MG’s SAIC Motor Corporation cousin LDV entered the Aussie new vehicle market way back in 2013. At first, the focus was the V80 van range before independent importer/distributor Ateco Group broadened the brand’s scope with the addition of the G10 van, T60 ute and D90 SUV through 2017.And looking at the annual sales volumes for these brands from 2017, the parallels are striking, with both growing impressively thanks to increasing awareness, new models and sharp positioning, until they reach a turning point in 2024.MG went from 600 registrations in 2017 to no less than 58,346 in 2023; perilously close to a 10,000 per cent rise in six years! Meanwhile, LDV rose from 2580 to 21,298, an increase of only 725 per cent for the same period.So, what happened in 2023? Two words… Chery and BYD (well, four if you include Build Your Dreams).Chery had re-started its Aussie efforts as a factory subsidiary after a less than stellar run with the J1 hatch and J11 compact SUV from 2011-2015 (with Ateco as distributor).And BYD had landed with the Atto 3 compact electric SUV which made an immediate impression on the sales charts.Since then, each has added more and more new model options that have found their way onto a huge number of Aussie driveways. As MG sales softened 29 per cent from 58,346 units in 2023 to 41,298 in 2025, LDV followed suit dropping 34 per cent from 21,298 sales to 14,108 in the same period.So far in 2026, to the end of February, MG is down 14.7 per cent year-on-year (6377 vs 7479), while LDV is 9.4 per cent lower (2125 vs 2346).And the current superstars? Chery is up 91.2 per cent (7718 vs 2875 - hello, Tiggo 4) and BYD is a staggering 161 per cent ahead (10,324 vs 3956). Nothing like competition to shuffle the new car pecking order. And it will be fascinating to see how Chery and BYD fare as even more newcomers like Denza, Forthing, JMC, Lepas, Wey and others make their mark in the near future.
GWM's next radical hybrid 4WD exposed
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By Tom White · 12 Mar 2026
After an extended teaser campaign, GWM has fully detailed its Tank 700 Hi4-Z off-roader in its Chinese home market.The new version of GWM’s aggressively styled off-roader is notable for its new hybrid system, which is distinct from the Hi4-T system previously sold on existing versions of the Tank 700. A 2.0-litre turbo-petrol version of it is currently used by GWM in the Cannon Alpha in Australia. The Hi4-T system has an electric motor in the gearbox, and sends drive to the wheels via traditional mechanical links, theoretically maintaining hardcore off-road capability but limiting the available space for a battery.Instead, the new Hi4-Z system used in the new Tank 700 is closer in its design to BYD’s plug-in hybrid system used on the Denza B5, in that it replaces a mechanical link to the rear axle with an independent rear electric motor, using the space between the frame rails for a larger battery.As a result, the Tank 700 Hi4-Z has a massive 59kWh battery pack, which grants it a WLTC-rated electric driving range of 190km. This is boosted by a 2.0-litre turbocharged engine providing 185kW, maintaining a mechanical connection only to the front wheels.Interestingly, the new Tank 700 also scores an overhauled interior compared to the Hi4-T V6 version, featuring a larger multimedia screen, a new two-tone colour scheme and a redesigned centre console with fresh toggle-style switchgear, sinking cupholder designs and more buttons than before.It also features a drop-down entertainment screen for rear passengers, and aggressive new styling highlights, like a (fake) bonnet scoop and a rear spoiler. In China the 700 Hi4-Z is also available in a new array of colour schemes and features a LiDAR housing on top of its windscreen.While this new 2.0-litre turbocharged Hi4-Z option adds yet another appealing feature to the Tank 700 range, GWM’s Australian division has hinted in the past that it is more likely our market will receive the next-generation version of the Tank 700.This is because the versions which exist now don’t quite have the right features the brand is looking for in its Australian range. CarsGuide understands the 3.0-litre V6 twin-turbo Hi4-T version won’t be made available in a right-hand-drive configuration, and this Hi4-Z version isn’t as sought after by the Australian division due to its compromised towing and off-road capabilities.The Hi4-Z version is only capable of towing 2500kg, while the Cannon Alpha Hi4-T already sold here is certified to tow up to the industry standard 3500kg.Regardless, GWM’s Australian division has shown interest in bringing the Tank 700 in as a range-topping offering at some point in the future, importing left-hand-drive examples to be tested locally in 2025, and hinting that a future version could be offered with the brand’s upcoming 4.0-litre V8 in a plug-in hybrid set-up.However, the brand has also warned it wouldn’t be a bargain offering either, estimating starting prices well in excess of $100,000.At 5105mm long, 2061mm wide and 1985mm tall, the chunky modern-military-style 4x4 is more Toyota LandCruiser 300 Series or Mercedes-Benz G-Wagen rival than the sub-five-metre Denza B5 and Toyota Prado.The Tank 700 Hi4-Z is part of a new model blitz by GWM as it continues to fight for market share in China and across the world. The brand has also recently unveiled plans to build its Ora 5 electric crossover in both right-hand-drive and in hybrid form, and has also recently unveiled its Wey V9X luxury flagship SUV.Locally, the brand has plans to expand on its offering of Ora models to better compete in the EV space, as well as launch the Wey brand in the second half of 2026.Stay tuned for more on GWM’s local plans as the brand aims to hold its hard-fought top-ten position in Australia this year, against an aggressive BYD and Chery.
Chinese brand reveals big new model rollout
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By Tim Nicholson · 12 Mar 2026
Chinese giant GWM has its sights set on another bumper year in Australia in 2026, and it has bold plans on how to achieve its next ambitious sales target.GWM hit a high of 52,809 sales in 2025 landing in seventh place on the overall sales tally, just 400 sales ahead of BYD, but a hefty 8400 units behind sixth-placed Mitsubishi (61,198).Just five years ago in 2020, GWM’s combined sales in Australia were just 2600. To say the rise has been meteoric is an understatement.But GWM Australia and New Zealand Chief Operating Officer John Kett understands how hard it’s been to get to 50,000-plus sales and how much more of a challenge it will be to grow with an eye on the top five.“So we weren't making any outlandish statements of 100k and our premium brand will be 10k,” he told journalists in Melbourne recently in a not so subtle dig at rival BYD.“We just want to get to 75. So we set ourselves a target of a ‘six’ in front of our number this year.”Hitting a figure of 60,000-plus sales could mean unseating Mitsubishi by the end of this year, but it’s going to be a bigger task to get into fifth place, which is currently held by Hyundai (77,208 sales last year).Kett knows he faces an uphill battle to hit the longer-term 75,000 unit sales target but he said the team has studied its mainstream rivals to see how they got to their positions in the market.“It's even harder to get to 75 (thousand). We're looking at the Hyundais of the world that built scale and are sort of stuck in the 75k zone and have got aspirations to grow. We're looking at Kia, another… well managed business, trying to get from that 75 to 85, you just can't do it with one product, because it doesn't work.“We certainly looked at the history of Mitsubishi and Nissan, the things they've done so well. We've looked at the incredible consumer metrics that Mazda has always got.”Kett outlined improvements to GWM’s aftersales and customer service, with more customer service operators and investigators helping to solve product and quality issues. There’s also a focus on sharpening up the dealer footprint and expanding some spaces.But growth will largely come from continued strong sales of popular models like the Haval H6 and Tank 300, as well as a laundry list of new and updated product.GWM has already confirmed a plug-in hybrid version of the Ford Ranger-rivalling Cannon ute is coming this year, while a new 3.0-litre turbo diesel will soon be offered in the larger Cannon Alpha ute and the related Tank 500 large SUV.A plug-in Tank 300 arrives shortly, and the EV and PHEV compact SUV subbed Haval Jolion Max will also land before the end of the year.The slow-selling Ora EV range will get a boost with at least two new models landing in 2026, including the Ora 5 crossover. And GWM will finally launch its Wey semi-premium sub brand this year, likely starting with the G9 people mover.Kett admitted the brand could be doing more to talk about the hybrid and plug-in hybrid models in its line-up, especially in the Cannon ute stable.“I think with all the hybrids and super hybrids out there, we probably missed an opportunity to talk specifically about our confidence in Hi4-T (plug-in hybrid all-wheel drive powertrain). I mean Cannon Alpha is a ute, right? And we quietly let other brands beat us, and I totally respect that. But I feel like our Hi4-T story both in Cannon and Cannon Alpha will reveal itself as fit for purpose.”Combined sales of the Cannon and Cannon Alpha in the first two months of the year show GWM is ahead of the Mazda BT-50, Volkswagen Amarok, outgoing Nissan Navara and the LDV T60 for 4x4 pick-up sales.
Why you need to make the EV switch now
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By Tim Gibson · 10 Mar 2026
The global geopolitical climate is seeing significant pressures placed on Australia’s fuel infrastructure. Prices are rising and fuel availability is becoming more scarce, while EV sales numbers continue to climb.Does this make it the perfect time to take the plunge into the EV market? Petrol pricesThe average price for Unleaded E10 petrol in Australia has risen beyond two dollars, with many prices hitting the $2.30s and beyond.Increasing demand and decreasing supply for fuel means it's not just more expensive to buy, but now it's harder to source as many stations run out of fuel ahead of schedule.There is speculation the Federal Government may pause the fuel excise in Australia, potentially providing temporary relief, but doing so is an internal solution to an external problem. There remains uncertainty as to how long oil supplies will continue to be impacted by the war in the Middle East, meaning the availability and price of fuel will continue to be volatile. EVs are getting cheaper The first New Vehicle Efficiency Standard (NVES) period has seen some brands hike the prices of its internal combustion models to account for the fines soon to be incurred. Further, the price of electric vehicles has also dropped significantly, making it more affordable than ever to step into the market. The cheapest EV on the market is the BYD Atto 1, which starts from $23,990, before on-road costs. BYD’s bigger hatch offering, the Dolphin also starts from under $30K. GWM’s Ora hatch currently has a $2000 cash-back offer, meaning it starts from $33,990 (drive-away) until March 31. If you are looking for an SUV, Chery’s Jaecoo J5 starts from $35,990 (before on-roads). Other brands are also dramatically reducing the prices of some EVs, such as Hyundai with its Kona compact SUV, which has seen at least $13K shaved off the price. The previous year’s Hyundai Ioniq 5 SUV received a sizable discount, while the Volkswagen ID. Buzz van has also experienced a $15k price cut. Top 5 cheapest new EVs on sale in AustraliaEV driving range is increasingRange anxiety remains one of the biggest obstacles in the uptake of EVs. EV driving range has increased significantly, with battery technology improving constantly. Chinese manufacturers are leading the way, with many brands now boasting upcoming or future EVs with more than 1000km of range. This year in China Chery will launch its Exeed Liefeng shooting brake model, which has a range of 1500km. Driving range for Australian market EVs is getting better, with many offering a range of 400km or more. EV charging is faster and more availableThe EV charging landscape has changed in Australia over the past few years, with more than 1000 charging locations across Australia. Charging operators and infrastructure will continue to increase over the coming years as the government moves towards its plan to have five million EVs on the road by 2035. Major brands are also in talks to introduce more chargers in the network, such as Chinese carmaker BYD, which is looking to establish its charging presence in China. Late last year, the New South Wales government announced a program to deliver 159 new chargers in 48 locations.