Kia is set to showcase its newest electric vehicle, the EV5, at the upcoming annual Chengdu Motor Show in China. Aimed squarely at the Tesla Model Y, this compact electric SUV is expected to have a starting price of approximately 50 million won (around $40,000).
The EV5 concept was initially introduced in March, just a week after Kia revealed its flagship EV9, as part of the company’s expansion into new segments. The vehicle is heavily influenced by Kia’s “opposites united” design philosophy, which has been gradually emerging throughout its lineup. As part of a rebranding effort into the new electric era, Kia’s design language now boasts sharper sculpted lines, a powerful stance, and modern upgrades compared to previous generations. The EV5 showcases a new “Digital Tiger Face” at the front, replacing Kia’s signature Tiger Nose Grille, exemplifying the brand’s commitment to innovation.
Inside the EV5, Kia has focused on creating a “space of coexistence” to enhance the interaction between occupants, nature, and technology. While the concept’s interior is likely to be modified for the production version, the exterior is expected to retain a similar design, as seen in previous concepts that successfully made it to production.
Karim Habib, the executive vice president and head of Kia Global Design Center, expressed that the EV5 is intended to inspire customers on every journey while providing sustainable and environmentally responsible solutionsāa testament to Kia’s commitment to eco-friendly mobility.
Although specific details about the EV5 were not released, Kia confirmed that the electric SUV would be available in China later this year and would be priced within the standard 50 million won range (approximately $40,000). According to sources, the base version will come with a larger battery capacity than the current Kia EV6, potentially reaching up to 82 kWh, resulting in an impressive long-range model expected to exceed 600 km (372 mi) in range.
Unlike other Hyundai Motor Group EVs built on the E-GMP platform using an 800V system, the EV5 will be based on a 400V system, allowing Kia to offer the electric SUV at a more competitive price. For the Chinese version, Kia will use LFP batteries, while overseas markets will receive NCM batteries.
The Chinese electric vehicle market is highly competitive, with players like BYD and Tesla steadily increasing their market share. Kia’s EV5, priced at around $40,000, squarely competes with Tesla’s Model Y, which starts at approximately $36.9K (263,900 yuan) in China and offers a CLTC range of 545 km (338 mi). The long-range version of the Model Y, starting at $43.9K (313,900 yuan), boasts an impressive range of nearly 400 miles.
With its upcoming debut at the Chengdu Motor Show, the Kia EV5 is poised to make a significant impact in the ever-evolving world of electric vehicles, catering to environmentally-conscious consumers seeking innovative and competitively priced electric SUV options.
