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The price for the GWM Tank 300 Hi4-T PHEV 2026 is significantly lower than the Denza B5

GWM will be one of only two car brands to offer petrol, diesel, hybrid and plug-in hybrid (PHEV) versions of the same model when the company launches the first PHEV versions of its large off-road SUV from next month.

The GWY Tank 300 Hi4-T will arrive in Australian showrooms in March in flagship Ultra trim, with the entry-level Lux model following in early April.

The Lux costs $55,990 drive-away, while the Ultra costs $59,990 drive-away. GWM states that these are “time-limited special offer prices,” but does not confirm when they will end.

That means the Lux PHEV is $7,000 more expensive than its diesel counterpart, while the Ultra costs $9,000 more than its petrol equivalent, $7,000 more than the diesel and $3,000 more than the hybrid.

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The gap gets even bigger as GWM is offering $1,000 discounts on the entire Tank 300 range through the end of February.

The Tank 300 is the latest GWM model to have a PHEV powertrain option in Australia, following the larger Tank 500, Haval H6 mid-size SUV and Cannon Alpha ute.

The Tank 300 Hi4-T combines a turbocharged 2.0-litre four-cylinder petrol engine with a 120 kW electric motor, providing a total system output of 300 kW and 750 Nm of torque, an electric range of up to 105 km on the NEDC cycle and a combined fuel consumption of 1.9 l/100 km.

GWM says a 30 to 80 percent charge will take 24 minutes using a 50kW DC fast charger, while Vehicle-to-Load (V2L) capability allows you to power external electrical devices with up to 6kW.