Farizon has announced a sub-$50,000 starting price for its all-new V7E compact electric delivery van, which joins the larger SV van and H9E light truck in the Chinese commercial vehicle’s growing EV lineup.

The 2026 Farizon V7E will be available in two variants, with the entry-level Standard Range variant with a 50kWh battery priced at $49,990 drive-away, and the 66kWh version priced at $53,990 drive-away.

That means both grades significantly undercut the prices of the V7E’s only two direct rivals in the compact electric van segment: the Renault Kangoo and Peugeot Partner.

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The Peugeot E-Partner Pro long-wheelbase is priced at $59,990 before on-road costs, and the Renault Kangoo E-Tech is available in both short- and long-wheelbase forms priced from $61,990 plus on-roads.

However, Australian Farizon distributor Jameel Motors says the V7E will offer “payload, cargo capacity and real-world usability on par with or better than entry-level ICE vehicles, while quietly being 100 per cent electric”.

The petrol-powered Partner lineup starts at $39,990 plus ORCs, while the Kangoo range opens from $44,990, and Volkswagen Caddy prices start at $46,500.

Full specifications are yet to be announced ahead of first customer deliveries from May, but Jameel Motors says the V7E will compete directly with combustion-powered compact commercial vans with a 1338kg payload, 6.95m³ of cargo volume, and real-world usability “in a right-sized, agile urban commercial”.