Car Buyer's Guide
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Overview

The iCaur V23 is a four-seat B-segment electric SUV launched in Malaysia in 2025. It suits buyers after a compact EV with a choice of 360 km or 430 km claimed range, rather than those needing five seats. Prices start from RM119,800 for the 2WD model.

V23 in 2026 — what's new

For 2026, the V23 gains Malaysian CKD assembly in AWD-only form. The CKD AWD model carries over the CBU specification, with 211 PS and a 430 km NEDC range, while retaining its tax-free RM133k headline price. A Retro Edition styling pack is also available, adding chrome exterior trim; it was introduced at RM18,888 for the first 88 customers. The V23 has a five-star ASEAN NCAP rating under the outgoing 2021-2025 protocol.

Variants (2)

RM119,800–RM132,800 · est. from RM1,225/mo

Which variant to buy

Most buyers should take the RM119,800 2WD if 360 km of range covers their routine and the lower entry price matters most. It has a 59.93 kWh battery, 134 hp and four seats. Pay the RM13,000 more for the RM132,800 iWD if longer trips are a regular part of the brief: its 81.76 kWh battery brings a 430 km range and 208 hp. The 2026 CKD model is AWD-only, so confirm the equipment list and drivetrain of the car being ordered.

iCaur V23 2WD 2025 · 59.93 kWh · 360 km range · 134 hp · Single Ratio Automatic · 4 seats · CBU RM119,800 RM1,225/mo est.
iCaur V23 iWD 2025 · 81.76 kWh · 430 km range · 208 hp · Single Ratio Automatic · 4 seats · CBU RM132,800 RM1,355/mo est.
2WD vs iWD

Colours

across the range — availability varies by variant

  • Army Green Metallic
  • Carbon Crystal Black Metallic
  • Gravel Grey Metallic
  • Khaki White Metallic
  • Off-road Orange Metallic
  • Slate Silver Metallic

Verdict

The V23 is an unusual proposition in the electric-SUV field: a four-seater with a substantial jump in battery size and range between its two versions. The 2WD matches the RM119,800 starting prices of the Aion Y Plus and iCaur 03, while the iWD asks RM13,000 more for 70 km of extra claimed range and stronger output. Its five-star ASEAN NCAP result is reassuring, though it was awarded under the outgoing 2021-2025 protocol.

Buying a new V23? Sell your old car, get paid in 24 hours

Rivals to consider

same class, similar money

V23 vs Aion Y Plus V23 vs Neta Neta X V23 vs MG S5 V23 vs Chery O5

iCaur V23 FAQ

How much is the iCaur V23 in Malaysia?

The iCaur V23 costs RM119,800 in 2WD form and RM132,800 as the iWD. The 2026 Malaysian CKD AWD model carries a RM133k headline price.

Which iCaur V23 variant should I buy?

Choose the 2WD for the lowest price and 360 km claimed range. Choose the iWD if you need its 81.76 kWh battery, 430 km claimed range and 208 hp; the RM13,000 gap is chiefly for those mechanical gains.

How many seats does the iCaur V23 have?

All Malaysian V23 variants have four seats. Buyers who regularly carry five people should consider a different SUV.

Does the iCaur V23 have a safety rating?

Yes. The iCaur V23 has a five-star ASEAN NCAP safety rating, assessed under the outgoing 2021-2025 protocol.

Latest iCaur V23 news