2026 GWM Tank 500 prices: Prado, Everest rival finally gets diesel power with new 3.0L

The GWM Tank 500 is now finally available in Australia with diesel power, and it's the brand's new 3.0-litre turbo-diesel four-cylinder.

It's priced at $65,990 drive-away in base Lux trim and $71,990 drive-away in flagship Vanta form.

GWM Australia is also offering a choice of either a $2000 discount ("cash bonus") or $2000 fuel card for vehicles purchased before October 30, 2026.

For context, the Tank 500 Lux undercuts the most affordable turbo-diesel V6-powered Ford Everest by $1000, while the Vanta is $5000 cheaper than the mid-spec Everest Sport V6. Even the cheapest Toyota Prado is priced at $73,200 before on-road costs.

GWM's own Tank 500 PHEV is currently priced at $79,990 drive-away in its single Ultra trim.

The new 3.0L Tank 500 is available to pre-order now, ahead of first customer deliveries via GWM dealerships from mid-September. GWM says it has already received more than 1000 expressions of interest.

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The Tank 500 was launched here in 2024 as a seven-seat hybrid SUV, with a five-seat plug-in hybrid (PHEV) version following in 2025. However, the 2.4-litre diesel and 3.0-litre turbo-petrol V6 engines offered overseas never made their way here.

The PHEV will remain part of the lineup, but the new seven-seat diesel will take the place of the hybrid.

The 3.0-litre turbo-diesel four produces 170kW of power and 620Nm of torque, down 14kW but up 20Nm on the 3.0-litre turbo-diesel V6 in the Ford Everest.

Fuel consumption on the combined cycle is a claimed 7.1L/100km, 1.4L/100km less than the (admittedly more powerful) hybrid it replaces, and the Tank 500 3.0L doesn't require AdBlue.

The entry-level Lux has a 78L fuel tank, while the Vanta upgrades to a 131L tank.

The new engine is mated with a nine-speed automatic transmission and a part-time four-wheel drive system with selectable low-range gearing and locking front, centre and rear differentials.

Braked towing capacity has been bumped up from 3000kg to 3500kg, and GWM says it has worked on optimising cruise control and transmission calibration when towing.