Perodua QV-E racks up 1,700 bookings after price revision, says Hong Leong research report

It’s not all monotone for Perodua's push into the electric vehicle segment. In fact, it appears to be gathering quite a bit of verve and momentum with a recent research report by Hong Leong Investment Bank found that the QV-E has amassed around 1,700 bookings, according to a report by the New Straits Times.

The report follows the QV-E's revised pricing strategy, which was introduced on June 15. The compact EV is now priced from RM63,499 with the brand's battery leasing programme, requiring a monthly payment of RM215 for nine years. 

However, buyers who prefer outright ownership can now opt for the full purchase price of RM87,499. Both prices include a RM6,500 promotional rebate, which is available until the end of September.

By contrast, the model’s original (and sole) ownership proposition at its launch in December 2025 was a dearer RM80,000 upfront with the 108 month battery leasing (Battery As A Service, or BaaS) programme costing RM275 per month.

Back to the bookings, it remains unclear whether the reported 1,700 figure represent cumulative orders since the QV-E's original launch on December 1, 2025, or only those placed after the revised pricing took effect in mid-June, though our guess would be that bookings took a steep increase since last month.

Registration figures suggest there is still plenty of room for deliveries to catch up as JPJ’s online registration database lists just 80 units, though this might also include around 40 units allocated as showroom display and test-drive vehicles. 

The HLIB research note also highlighted that Perodua's overall order backlog has fallen to around 43,000 units, a significant reduction from the peak seen in previous years. Meanwhile, the newly launched Traz continues to enjoy healthy demand, with registrations surpassing 9,200 units.

Looking ahead, the bank expects further sales momentum if the government's proposed vehicle scrappage incentive is implemented and embraced by the public. The programme is expected to offer a combined RM4,000 incentive towards the purchase of a new national car, while tax exemptions for Perodua taxis and improving after-sales business are also seen as positive catalysts for the automaker.

As a quick recap, the QV-E represents Perodua's most ambitious project to date, having been developed as the company's first ground-up battery electric vehicle with significant local engineering input. Built on a dedicated EV platform jointly developed with Magna Steyr, it is powered by a 52.5 kWh lithium iron phosphate (LFP) battery that delivers a claimed range of up to 445 km on the NEDC cycle, equivalent to approximately 380 km under the more realistic WLTP standard.

Driving the front wheels is a single electric motor producing 204 PS and 285 Nm of torque, making the QV-E the most powerful model Perodua has ever built. The electric crossover is capable of accelerating from 0-100 km/h in just 7.5 seconds, giving it performance that comfortably surpasses anything previously offered by the national carmaker.

Styling-wise, the QV-E combines a sleek coupe-inspired silhouette with elevated crossover proportions, giving it a modern and athletic appearance. Inside, the cabin is equipped with a fully digital instrument cluster alongside a 10.25-inch infotainment display that supports wireless Apple CarPlay and Android Auto connectivity.

Safety has also been given top priority, with the QV-E featuring six airbags, a comprehensive suite of advanced driver assistance systems (ADAS) and active safety technologies. The package has earned the EV a full five-star rating in the ASEAN NCAP crash safety assessment.