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← Newsroom/EVs & hybridsChinese brands

Geely offers new EV incentive on its EX5 and EX2 models as competition heats up

Compiled by ADME Newsroom from 1 source

First reported by The Driven · 3 October at 2:59 pm

Who's covering this — 1 article

EV specialists
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Image: The Driven

The quick read

Full coverage

The Driven·EV specialists·3 October at 2:59 pm

Geely offers new EV incentive on its EX5 and EX2 models as competition heats up

Geely offers ultra-low finance rate offer to EX5 and EX2 models. The post Geely offers new EV incentive on its EX5 and EX2 models as competition heats up appeared first on The Driven IO.

Read at The Driven →

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The quick read

  • Geely is offering an ultra-low finance rate on its EX5 and EX2 EV models.
  • The move is a competitive response to increasing pressure in the Australian EV market.
  • The offer applies to the EX5 and EX2 models, which are likely to attract price-sensitive buyers.
  • Dealers may need to reassess their pricing strategies to remain competitive.

For dealers: Geely's aggressive pricing move on the EX5 and EX2 models poses a direct challenge to the margins and market share of other EV manufacturers in Australia.

AI-assisted summary of the coverage below — check the original reporting before relying on specifics.

ADME commentary

The ADME angle

Geely's ultra-low finance rate offer on the EX5 and EX2 models is a direct attack on the margins of other EV manufacturers in the Australian market.

This move is likely to put pressure on other Chinese brands to follow suit, potentially sparking a price war in the EV segment.

What it means for the order bank

Dealers holding stock of competing EV models will need to reassess their pricing strategies to remain competitive, particularly if they are carrying inventory of similar Chinese-made EVs.

The EX5 and EX2 models are now more attractive to price-sensitive buyers, which could lead to a surge in demand and increased showroom traffic for Geely dealers.

Competitor response

Other OEMs will need to respond quickly to Geely's aggressive pricing, either by matching the finance rate offer or by highlighting the unique features and benefits of their own EV models.

Dealers can expect a flurry of marketing activity from competing brands in the coming weeks as they try to counter Geely's move and protect their market share.

Taking action

This week, dealers should review their current EV inventory and pricing strategies to identify potential vulnerabilities and opportunities to stay competitive in a rapidly changing market.

Go deeper — ADME analysis

  • VFACTS May 2026: a Tesla outsells every ute, and the market keeps shifting →
  • How a Chinese brand became Australia’s #2 — BYD, Chery, GWM and the new top 10 →