GAC Aion V pricing confirmed: $42,590 sticker for new Kia EV5, MG S5 electric rival

Sub-$50,000 driveaway price means Aion V isn’t the cheapest option, but long list of standard equipment and long range means it is competitive in Australia

Chinese newcomer to Australia GAC has released pricing for its key midsize electric SUV model, the Aion V — with the MG S5 EV rival set to launch in Australia later this month.

Priced from $42,590 plus on-road costs, the Aion V will be offered in two variants sharing one basic mechanical package: a 75.2kWh LFP battery providing 510km range (WLTP) and a 150kW/210Nm front electric motor.

That pricing, which will see the well-specified entry-grade of Aion V drive out of showrooms at a similar cost to the MG S5 EV Excite 62 ($44,990 driveaway), means the GAC is not the cheapest option in the segment but it will be competitive.

Also announced today was GAC’s warranty arrangements for Australia, which will see the company’s EV models covered with an eight year/unlimited kilometre warranty, though the battery has its own eight year/200,000 coverage.

Despite using a 400-volt electrical architecture, the Aion V will be easier to live for road-trippers than some rivals, with speedy DC charging speeds of 16 minutes (30-80 percent) or 24 minutes (10-80 percent) averaging 141kW and 131kW respectively. An 11kW onboard AC charger is standard.

GAC says the Aion V’s Magazine Battery 2.0, which incorporates flame-retardant electrolytes and double-layer liquid cooling plates, offers “industry-leading battery safety standards.”

Under the skin the Aion V is a relatively simple EV with single-motor front-wheel drive and a torsion beam rear suspension. Up front is a MacPherson strut-type front suspension while there are disc brakes all round.

Within GAC, Aion is positioned as a premium electric sub-brand sitting between eponymous GAC models (such as the petrol-powered Emzoom, which also launches in Australia shortly) and the high-perforamce Hyptec marque, which is set for an Australian debut later.

Two variants of the Aion V will be sold in Australia: the $42,590 Premium, and for $2000 more, the $44,590 Luxury — with the latter scoring a few additional conveniences.

Premium buyers nab 19-inch alloys, LED headlights, a panoramic sunroof with power sunshade, artificial leather seating with heating/cooling up front, dual-zone climate control with rear air vents, reclining heated second row seats, a heat pump and a wireless charger.

Other standard kit includes a 14.6-inch touchscreen with Apple CarPlay/Android Auto, DAB/FM radio, 8.8-inch digital instrument cluster, power tailgate, three USB ports, nine-speaker stereo, tyre pressure monitoring, and a 360-degree camera.

While car connectivity features are standard (supporting some online streaming media), no AM radio is available.

The additional $2000 spend on the Luxury grade sees genuine leather seating, massaging front seats, second row tray tables and a 6.6-litre refrigerator — which is claimed to fit 12 cans while using just 0.5kWh of electricity over 24 hours at a 4ºC temperature.

Unusually — and no doubt to the delight of many potential buyers — the Aion V’s standard tyre repair kit can be subbed out with an optional space-saver spare.

Any kind of spare wheel is an incredibly rare feature for an EV, and it is becoming a hard-to-find piece of kit on modern SUVs in general.

The Aion V measures 4605mm in length, 1854mm in width and 1686mm in height on relatively long 2775mm wheelbase. It weighs around 1880kg.

Buyers who order an Aion V before the end of 2025 will receive a further $1000 cashback on the driveaway price, a free three-phase (11kW/22kW) wallbox charger and $500 in EV charging credit.