Australian motorists seeking an affordable entry into the electric vehicle (EV) market now have a compelling new option, with the Forthing Taikon 5 SUV launching this month from an aggressive AUD$36,990 drive-away. The new mid-size electric and extended-range electric vehicle (EREV) from Chinese manufacturer Dongfeng, imported by the Ateco Group, is set to redefine the budget-friendly EV segment in Australia by offering the nation’s most affordable mid-size electric SUV and its cheapest EREV.
The arrival of the Taikon 5 in June 2026 intensifies competition, particularly against established players like the BYD Atto 3 and newer entrants such as the Geely EX5 and Leapmotor B10. This launch provides a tangible alternative for Australians looking to reduce their running costs amid ongoing fuel price volatility.
Aggressive Pricing Disrupts Mid-Size EV Market
The Forthing Taikon 5 is available in two powertrain options: a pure Battery Electric Vehicle (BEV) and a Range Extender Hybrid (EREV), both offered in ‘Luxury’ and ‘Exclusive’ trim levels. The pricing structure positions the Taikon 5 as a significant disruptor:
| Model Variant | Drive-Away Price (AUD) |
|---|---|
| Taikon 5 Range Extender Hybrid Luxury | $36,990 |
| Taikon 5 BEV Luxury | $38,990 |
| Taikon 5 Range Extender Hybrid Exclusive | $40,490 |
| Taikon 5 BEV Exclusive | $42,490 |
Metallic paint is the sole option, adding an additional $600 to the price. This pricing undercuts key rivals, with the BEV Luxury variant starting below the BYD Atto 3 Essential (from $39,990 before on-road costs) and the Geely EX5 (from $41,990). The EREV variant is also positioned below the Leapmotor B10 Style EREV, which starts at $37,888 before on-roads.
“The new Forthing Taikon 5 will be Australia’s most affordable mid-size electric SUV, and the country’s most affordable extended-range electric vehicle (EREV) bar none.”
Powertrain Options and Performance
Forthing offers two distinct powertrain choices to cater to different driver needs:
Battery Electric Vehicle (BEV)
The BEV variants are powered by a front-mounted electric motor delivering 150kW of power and 340Nm of torque. Equipped with a 64kWh Lithium Iron Phosphate (LFP) battery, the Taikon 5 BEV achieves a WLTP range of 427km. DC fast charging capabilities allow for a 30-80% charge in approximately 30 minutes, with a peak charging rate of up to 80kW.
Range Extender Hybrid (EREV)
For those with range anxiety or less frequent access to charging, the EREV model combines a smaller 31kWh LFP battery with a 120kW/340Nm electric motor. A 75kW/130Nm 1.5-litre four-cylinder petrol engine acts as a generator to charge the battery, providing an electric-only WLTP range of 170km and an impressive combined range of 937km. The EREV’s battery can be charged at up to 40kW DC.
Features and Safety
Both Luxury and Exclusive grades come well-appointed. Standard safety features include Autonomous Emergency Braking (AEB), Lane Departure Warning, Lane Keep Assist, Front and Rear Collision Warning, Rear Cross-Traffic Alert, Blind Zone Warning, Door Exit Warning, Adaptive Cruise Control, and Traffic Sign Recognition. Six airbags are also standard.
The Taikon 5 is similar in size to a Toyota RAV4, measuring 4600mm long, 1860mm wide, and riding on a 2715mm wheelbase. The BEV models are backed by a 7-year/200,000 km warranty, with servicing intervals set at 12 months or 20,000 km.
Notably, the Exclusive variants (both BEV and EREV) include a space-saver spare tyre, a rare inclusion for an EV, while Luxury grades receive a tyre repair kit.
Market Impact and Outlook
The immediate availability of the Forthing Taikon 5 from showrooms later this month, coupled with its aggressive drive-away pricing, is poised to accelerate EV adoption in Australia. This launch empowers more Australians to consider making the switch from petrol to electric, offering a practical and affordable option in a popular SUV segment. For first-time EV buyers, understanding the total cost of ownership, including charging, is crucial. For information on transitioning, refer to our guide: From Petrol to Plug: The Ultimate First-Time Buyer’s Guide to Switching to an EV in Australia 2026.
The expansion of affordable EV options also places increased importance on robust charging infrastructure. While home charging remains the most convenient option for many, public charging networks are continually expanding. For details on public charging options, see: Best Public EV Charging Networks in Australia 2026: Costs, Reliability & How to Plan Your Trips. For those with off-street parking, installing a dedicated home charger can maximise convenience and savings. Learn more about options here: Best EV Home Chargers in Australia 2026: A Buyer’s Guide to Costs and Installation.
The Forthing Taikon 5 represents a significant step towards making electric mobility accessible to a broader Australian audience, challenging existing price points and expanding consumer choice in the rapidly evolving EV landscape.