Kia EV5 Released in China with a Price Drop of 10,000 yuan ($1,387) from Initial Announcement

Kia EV5 Released in China with a Price Drop of 10,000 yuan ($1,387) from Initial Announcement

After some speculation about higher prices, the Kia EV5 electric vehicle has finally been launched in China at a lower price. This announcement came during the Guangzhou International Automobile Exhibition 2023. The reduction in price amounts to 10,000 yuan.

Trim Levels and Specifications

The Kia EV5 is available in three trim levels in China: standard, long-range, and AWD. The standard trim option comes with a 160kW motor and a BYD LFP Blade battery with a capacity of 64.2Wh. It offers a range of 530km. On the other hand, the long-range variant is equipped with an 88kWh LFP battery and the same motor, allowing for a range of 720km. The AWD version of the EV5 features dual 160kW front motors and a 70kW rear motor, along with an 88kWh battery. Unfortunately, the range of the AWD trim has not been specified.

Interior Features

Inside the Kia EV5, you’ll find a modern and tech-forward cabin. The vehicle boasts three screens, including a 12.3-inch digital instrument cluster, a 5-inch climate control panel, and a 12.3-inch infotainment display. These screens provide easy access to various vehicle settings and entertainment options. Additionally, the EV5 offers Level 2 assisted driving with semi-automated lane changing and intelligent remote control parking.

Pricing and Availability

Initially, the Kia EV5 was expected to have a starting price of 159,800 yuan ($22,160). However, the company has revised the pricing, and the EV5 will now start at 149,800 yuan ($20,775). Kia is also offering a 5-year warranty for the EV5, which covers up to 100,000km of range. Moreover, the battery, motor, and electronic control system are covered for 8 years or 150,000km.

International Release

While the Kia EV5 has made its debut in China, the company has plans to release it in other markets as well. Canada, South Korea, and Australia are among the countries where the EV5 will be available in 2024. However, Kia has not yet specified the exact schedule for the international release or the prices of the model in these specific markets.

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