V8-like power for under $60K: 2026 GWM Tank 300 PHEV pricing confirmed as cut-price Jeep Wrangler rival with 300kW, over 100km of EV range and proper off-road credentials that could put a Toyota LandCruiser and Nissan Patrol on notice

The 2026 GWM Tank 300 Hi4-T line-up starts at $55,990 drive-away for the entry-level Lux trim and extends to $59,990 drive-away for the top-spec Ultra trim.

GWM claims this is a “limited-time special launch offer” and after February 28 pricing will rise $2000 if the offer isn’t extended.

For now however the Lux PHEV is priced the exact same as the Ultra Hybrid, and the Ultra PHEV is the new flagship trim in the entire Tank 300 line-up.

Powering the Tank 300 Hi4-T PHEV is a 2.0-litre turbocharged four-cylinder engine with an 120kW electric motor integrated into the nine-speed automatic transmission, bringing total system outputs to 300kW and 750Nm. This is 45kW and 102Nm more than the existing Tank 300 Hybrid.

For context, the Nissan Patrol with its 5.6-litre V8 engine produces 2kW and 190Nm less than the Tank 300 Hi4-T PHEV.

A key part of the electric motor being integrated into the automatic transmission is it allows for the Tank 300 Hi4-T PHEV to retain a mechanical four-wheel drive system with a low-range transfer case. There’s also both front and rear locking differentials, as well as a number of off-road terrain settings.

Like the rest of the Tank 300 line-up, the PHEV versions have a 3000kg braked towing capacity. It’s unclear what the payload capacity is just yet.

Additionally GWM claims the Tank 300 Hi4-T PHEV can do up to 115km of electric range, according to lenient NEDC testing, thanks to its 37.1kWh battery pack.

It’s capable of being fast-charged at rates up to 50kW, allowing for a 30 to 80 per cent charge in 24 minutes.

There’s also vehicle-to-load (V2L) capability at rates up to 6kW, allowing you to power external devices and appliances.

Full specifications are set to be detailed close to the Tank 300 Hi4-T PHEV’s local launch.

The addition of this new PHEV powertrain brings the number of engines the Tank 300 is now offered in to a total of four: a 2.0-litre turbo-petrol, 2.4-litre turbo-diesel, 2.0-litre hybrid and a 2.0-litre PHEV.

It’s unclear how long GWM will continue to offer all four of these powertrains in the Tank 300. When it launched the PHEV option in the Cannon Alpha dual-cab ute it discontinued the hybrid powertrain.

Historically the 2.4-litre turbo-diesel engine has been the best-selling powertrain in the Tank 300. It’s unclear how this will change with the introduction of the PHEV.

“With the Tank 300 Hi4-T PHEV, we’re continuing to expand our cutting-edge plug-in hybrid technology providing genuine off-road strength, all at a highly competitive price point,” said GWM Australia and New Zealand COO John Kett.

“As demonstrated across our other PHEV variants, we remain committed to delivering vehicles where customers can benefit from strong EV-only range, fast charging, V2L and true mechanical 4×4 capability.

“As the New Vehicle Efficiency Standards (NVES) are likely to change the Australian automotive landscape like never before, GWM stands ready to deliver more technology for less.”