GWM Tank 500 2026: plug-in hybrid pricing confirmed ahead of PHEV Toyota Prado and Ford Everest rivals launch, as GWM beats BYD Denza B5 to market

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Update 8th October 2025

GWM has officially launched its hotly anticipated Tank 500 plug-in hybrid, with pricing confirmed to start at $79,990 drive-away.

The Tank 500 will initially be marketed in just one trim grade — ‘Ultra’ — with an identical equipment list to its hybrid counterpart. The two models differ in one category, number of seats, with the plug-in strictly developed as a five-seater.

GWM’s new plug-in hybrid drivetrain promises more power, better fuel economy, and electric-only driving capability over the current plugless Tank range. 

For a limited time, Tank 500 PHEV customers will benefit from a $2000 launch offer drive-away discounts, bringing the drive-away price to $77,990.

An SUV alternative to the brand’s own $56,990 DA Cannon Alpha PHEV (currently discounted to $53,490 DA), the Tank 500 PHEV plays largely in a class of its own — with BYD not yet offering an SUV version of its $59,400 DA Shark 6 plug-in hybrid ute.

The Tank 500 offers an electrified alternative to Australia’s most popular large off-road four-wheel drives such as the $79,990 Toyota Landcruiser Prado GXL, and $67,290 Ford Everest Trend 4WD. Prices are before on-road costs.

Both segment leading rivals have significantly less power than the 500 PHEV, with no capacity for hybrid-only driving, and of course, no plug-in hybrid drivetrain options. 

The $79,990 drive-away sticker price of the Tank 500 Ultra PHEV means plug-in power commands a $6000 premium over the equivalent plugless Ultra, which starts at $73,990 drive-away.

No word yet on other Tank 500 trim grades also receiving plug-in power. GWM currently offers a sharply priced Lux HEV base model for $65,490 drive-away, and range topping Vanta HEV for $75,990 drive-away. 

BYD is looking to add plug-in hybrid off-roaders to its stable, too, under the luxury Denza brand with B5 (Prado/Tank 500 size) and larger B8 under consideration. 

Tank 500 plug-in hybrid technical specifications

The Tank 500 PHEV vitally retains the same equipment level and three-differential-lock mechanical four-wheel drive system as featured on current 500 models, but will exchange the standard seven-seat configuration for five seats to accompany the larger PHEV battery. 

The fuel tank is reduced from 80 litres to 70 litres for the same reason. 

Under the skin, the Tank plug-in features the same 180kW/380Nm 2.0-litre turbocharged four cylinder engine, nine-speed conventional automatic, and full-time four-wheel-drive system as its mild-hybrid counterparts.

It differs, however, with a larger transmission-integrated electric motor, producing 35 percent more power over that found in the MHEV. Battery size also increases dramatically, up from 1.76kWh to a 37.1kWh NMC unit. 

Resultantly, the combined output of the new Tank 500 plug-in is 300kW/750Nm – a 15 percent increase over the MHEV – with GWM claiming an improved 0-100km/h time of 6.9 seconds (up from 8.5sec), a combined fuel consumption of 2.1L/100km, an EV-driving range of 120km, and a total combined range of 950km. 

All figures presented by GWM are held to lax NEDC testing standards.

The Tank’s new PHEV system is compatible with 50kW rapid DC charging, with a 30-80 percent charge taking 24 minutes, or ‘from empty’ AC charging taking around 6.5 hours. The Tank 500 PHEV supports vehicle-to-load too, says GWM, supporting discharge up to 6.0kW.

2026 Tank 500 price index and standard features:

GWM Tank 500 variant	Price drive-away
Lux HEV	$65,490
Ultra HEV	$73,990
Vanta HEV	$75,990
Hi4-T Ultra PHEV	$79,990

Standard equipment for Lux grade Tank 500 models includes:

• LED headlights with DRL + auto headlights
• 18-inch alloy wheels
• Sunroof
• Fixed side steps
• Black Faux leather interior
• Eight-way power driver seat with lumbar support
• Four-way manual front passenger seat
• Heated seats – front
• 14.6-inch screen infotainment
• Wired Android Auto
• Eight-speaker audio system
• 12.3-inch digital cluster
• 360° camera
• Under carriage protection plate
• Electronic rear diff lock
• Driving modes – Snow, Sand, Rock, Mud, etcetra
• Seven airbags
• A suite of driver safety aids

Stepping into Ultra grade Tank 500 models grants:

• Auto levelling headlights
• Chromed exterior door handles
• Panoramic sunroof
• Side steps – electric
• Black Nappa leather interior
• Heated steering wheel
• Ambient lighting 
• Front seats: memory + welcome function
• Front seats: heated + ventilated + massage
• Six-way power front passenger seat
• 2nd row outer seats: heated + ventilated
• 2nd row window shade
• 3rd row seats: electric folding
• Head Up Display (HUD)
• 12-speaker Infinity audio system
• Soundproof glass (rear door)
• Electronic front diff lock
• Puddle lamps

Vanta graded 500 models add:

• Gloss black front grille and Tank badge
• Black-finished front bumper inserts
• Black headlight internals
• Blacked-out rear detailing including taillight surrounds, spare wheel cover, tailgate door, and rear diffuser
• Gloss black door handles, roof rails, and window trim surrounds
• Bespoke 18-inch black alloy wheels with red brake calipers
• Black door scuff plate