Hyundai Adds China-Built Elexio to Australian EV Lineup for Q1 2026
Elexio is priced at AUD 59,990 ($40,200), directly competing with the BYD Sealion 7, Kia EV5 and Tesla Model Y in the mainstream electric SUV segment.
Latest in EV news, technologies, data and insights from China market
Elexio is priced at AUD 59,990 ($40,200), directly competing with the BYD Sealion 7, Kia EV5 and Tesla Model Y in the mainstream electric SUV segment.
Chinese car companies have already formed a cluster investment trend in the local market.
Data indicates the company achieved sequential quarter-on-quarter sales growth for three consecutive quarters.
This article provides a closer look at what Chinese automotive companies brought to the CES 2026
China’s auto market cooled in December 2025, with total passenger car retail sales falling 13% YoY. NEVs stood out as the key stabilizer, with retail sales rising 7% and penetration standing above 60%.
This marks another international honor following the “NeurIPS 2025 Test of Time Award”.
NEVs are gaining traction across regions, with battery electric vehicles driving faster growth in northern China.
Chinese giants CATL and BYD have firmly secured the top two spots globally, with their combined market share accounting for over 50%.
Officials revealed the company has assembled a nearly 1,000-strong automotive team, continuously expanding as operations progress steadily.
The updated Qin PLUS DM-i and Qin L DM-i will be officially unveiled on January 8, while the new Seal 05 DM-i and Seal 06 DM-i are set to launch on January 9.