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Hyundai has launched the electric Ioniq V in China in five variants, with a promotional starting price of 99,900 yuan, LFP batteries, and a WLTP range of up to 533 kilometers. The vehicle is currently available for order only in China, while the company has not specified when it will be introduced to global markets.
The Toyota bZ3X, produced through the GAC-Toyota joint venture in China, has been spotted undergoing testing in Thailand in a right-hand-drive version, strengthening the possibility of its launch outside the Chinese market. Toyota has still made no official announcement regarding the timing or markets where it will be available.
Toyota plans to produce its first extended-range electric vehicle in China starting in spring 2027, with a plan to produce 200,000 units during the same year and approximately 400,000 units in 2028. The company is betting on this type to avoid the price war in China’s electric vehicle market and benefit from local components and software.