Lexus Rz vs GWM Tank 300

What's the difference?

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Lexus Rz
Lexus Rz

2026 price

GWM Tank 300
GWM Tank 300

$46,190 - $59,990

2026 price

Summary

2026 Lexus Rz
2026 GWM Tank 300
Safety Rating

Engine Type

Turbo 4, 2.0L
Fuel Type
-

Unleaded Petrol/Electric
Fuel Efficiency
-

1.9L/100km (combined)
Seating
-

5
Dislikes
  • Numb steering
  • No spare
  • F Sport's jerky ‘Manual Drive’

  • Throttle calibration is awful
  • Menu-driven cabin
  • Some driver aids require polishing
2026 Lexus Rz Summary

When the Lexus RZ launched in Australia just over two years ago CarsGuide questioned the Japanese luxury brand’s relatively late arrival to the EV party.

And since then, this large, premium, battery-electric, five-seat SUV has proved something of a niche player with less than 100 sold in 2024 and a similar number in prospect for 2025.

But there’s been movement at the RZ station. This comprehensively updated model features a revised powertrain, retuned suspension, tweaked AWD system and the availability of things like steer-by-wire and a tricky manual mode in the auto transmission.

And yes, Lexus claims it’s more refined than its already smooth and near-silent predecessor. 

Scheduled to hit local showrooms in the first half of 2026, we were invited to take a first drive at its global launch. So, read on to see if this could be your next electrically propelled, performance luxury, family favourite.

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2026 GWM Tank 300 Summary

Sometimes it really is all a matter of timing.

GWM was always going to offer up the plug-in hybrid version of its Tank 300 4X4, but for it to arrive in showrooms right now must be being looked on as some kind of blessing at GWM HQ.

Consider the circumstances: The Tank 300 Hi4-T PHEV (to give it its full name) not only saves fuel by making use of plug-in hybrid tech, but the fossil stuff it does use is petrol, not diesel with that fuel’s buck-a-litre cost penalty right now.

And with the planet on a knife’s edge waiting for the next increase in brinkmanship from those referred to as our world leaders, overseas travel has never seemed sketchier to the average Aussie. Which is when keeping it local and hitting the outback in a four-wheel drive suddenly looks really, really good. Except for the cost of fuel, that is, which is where we circle back to square one.

All of which means the GWM Tank 300 Plug-in hybrid concept could not really have come at a better time. But does the reality match the promise?

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Deep dive comparison

2026 Lexus Rz 2026 GWM Tank 300

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