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.

Due to arrive in showrooms from later this month (June 2026), the Taikon 5 has been priced from $36,990 drive-away in entry-level Range Extender Hybrid Luxury guise, with the BEV Luxury priced at $38,990 drive-away.

The extended-range variant undercuts the recently announced EREV version of the base Leapmotor B10 Style, a smaller SUV, priced at $37,888 before on-roads. The electric (EV) version undercuts the $39,990 plus on-roads price of the BYD Atto 3 Essential, which BYD classifies as a mid-size SUV despite it being smaller than the B10.

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Both the Taikon 5 EREV and EV will also be offered in Exclusive trim, priced at $40,490 and $42,490 drive-away respectively. You can now lodge expressions of interest on the Forthing Australia website.

EV versions combine a 150kW/340Nm front-mounted electric motor with a 64kWh lithium iron phosphate (LFP) battery offering 427km of WLTP range. They can be fast-charged at up to 80kW on DC power.

EREV versions, which Forthing is marketing as Range Extender Hybrid vehicles much as Leapmotor recently rebranded its ‘REEVs’ to Hybrid EVs, combine a smaller 31kWh LFP battery with a less powerful 120kW/340Nm electric motor.