Perodua has announced that following a major localisation shift, which has resulted in better efficiency, it has revised the price of its QV-E electric vehicle. When it was introduced in December last year, the QV-E – which stands for Quest for Visionary Electric Vehicle – was priced at RM80,000 on-the-road without insurance, but that was excluding the EV battery, which is leased to car owners in what Perodua calls Battery-as-a-Service (BaaS) at RM275 a month (RM297 with tax applied).
The new price for the QV-E will be RM93,999 to own the vehicle outright (with the car and battery sold together as one unit, fully owned by the customer) or RM69,999, with a lowered monthly RM215 for the BaaS package (inclusive of tax, and for nine years) – the latter means that for that avenue, there is a RM10k reduction in the vehicle price on top of the lower subscription price for the battery leasing.
However, Perodua president and CEO Datuk Seri Zainal Abidin Ahmad said that for a limited time, the automaker was introducing a special RM6,500 rebate for the vehicle. As such, effective immediately, the price is RM87,499 to completely own the QV-E or RM63,499 with the BaaS package (again with a monthly fee of RM215 per month for nine years).
The automaker said the special price offer with the RM6,500 rebate runs until September 30, 2026. If you consider it, the rebate given is conveniently 10% of the price (for the BaaS leasing), essentially offering a “full loan” approach for the car, Incidentally, you’ll note that the full price list below lists the road tax being exempted – this is an oversight, as there is road tax for EVs now, and so RM240 should be added on to the price somewhere.
As for existing QV-E customers, Zainal said the existing QV-E customers will see their monthly BaaS fee reduced to RM215 per month from RM275 previously. The new monthly payment of RM215 will come into effect on their next payment cycle. He added that customers will be given a special refund, and they will be contacted by their respective sales advisors soon.
He stated that BaaS is offered to give customers peace of mind by allowing Perodua to manage the EV battery throughout their ownership experience during the nine-year leasing period. “For those who want to buy the QV-E on outright purchase, Perodua does offer to buy the battery when comes the time to dispose of it (the battery),” he added.
Coverage for the battery under the BaaS leasing plan is unlimited mileage with minimum 70% battery state of health (SoH) guaranteed throughout the leasing period. For outright purchase, the battery is covered by a limited eight-year or 160,000 km warranty with minimum 70% battery SoH guaranteed.
If you’re wondering if existing customers under a BaaS model can convert to a full purchase arrangement, the answer is no. Customers who wish to own both the vehicle and battery will have to trade in or sell their current QV-E and purchase a new unit under the full ownership option.
Zainal said that due to localisation, the automaker was able to further optimise its operations and was now sharing those benefits with customers. He added that the company has also managed to increase production of the EV to above 500 units a month.
“Perodua and its local vendors have been able to manufacture a significant number of parts locally, and this means that we will be less dependent on foreign technology and supply chains, This development is important as we can now build a more resilient inventory of spare parts – especially the car body parts – to ensure that customers can rely on readily available domestically produced items when they need it,” he said.
This approach to lower the price after enhancing localisation is in stark contrast to the Proton eMas 5, which had its prices go unchanged despite going from CBU China to CKD in Malaysia.
Of course, you have to take into account the massive differences between the two models. While the Proton is mass produced in massive numbers in China (where the Geely Xingyuan has been the best selling car there for a year running), the Perodua is, in relative terms, closer to a low volume boutique production in comparison. With that in mind, it makes sense for Perodua to have far lower costs with localisation in place, whereas it could be the complete opposite for the eMas 5.
GALLERY: Perodua QV-E
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AI-generated Summary ✨
Comments generally appreciate Perodua's move to offer an affordable EV with flexible BaaS options, acknowledging the positive price adjustments and local industry support. Some express skepticism about early buyers, safety concerns, and the practicality of features compared to competitors. Others criticize the pricing still being high or question the battery leasing system, but overall, there is cautious optimism that this move could improve sales and industry viability.