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Hyundai Elexio 2026 price and specifications: Chinese electric vehicle tuned by Australians is available under the Ioniq 5

Hyundai is launching its first Chinese-made model in Australia and the new mid-sized electric SUV will enter one of the most competitive segments Down Under.

The Hyundai Elexio The first electric vehicle (EV) is expected to appear here in the first quarter (January to March) of 2026 and will come onto the market in a single variant.

As part of an introductory offer for which there is no end date, the Elexio Elite is priced at $59,990 for both personal and fleet buyers.

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That puts it right between the small Kona Electric, currently on sale for $59,990 in Premium trim until March 31, and the midsize Ioniq 5. A recent reshuffle of the latter’s lineup also helped give the new electric SUV some breathing room, with the entry-level Ioniq 5 variant dropped and the base price before on-road costs increasing by $6,400 $76,200 rose.

At 4615mm long, it’s slightly shorter than the Ioniq 5 – its 2750mm wheelbase is 250mm shorter than the Ioniq 5 and the boot is 19 liters smaller, for a total volume of 506 litres.

However, the Elexio has a higher and more upright body overall and Hyundai promises “generous interior space”.

Like the Ioniq 5, the Elexio is based on a version of Hyundai Motor Company’s E-GMP platform, but with a 400V electrical system.