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ERNIE 4.5 vs MiniMax M2

MiniMax M2 leads the LLM Stats Score 27.3 to -12.9. MiniMax M2 is 2.5x cheaper per token.

Baidu · MiniMax · Updated for 2026

Which is better?

MiniMax M2 leads the overall LLM Stats Score 27.3 to -12.9, ranking #129 overall.

In the 2 individual benchmarks reported for both models, MiniMax M2 wins 2; this is a narrower head-to-head signal than the composite indexes.

On price, MiniMax M2 is roughly 2.5x cheaper per token on a blended 3:1 input/output basis, which adds up quickly at production volume.

MiniMax M2 also accepts a larger context window (1,000,000 input tokens), making it the stronger choice for long documents and large codebases.

Based on current LLM Stats indexes, shared benchmarks, pricing, and model metadata for 2026.

Choose ERNIE 4.5

  • you want predictable pricing at $0.40/M input and $4.00/M output

Choose MiniMax M2

  • overall performance matters — it scores 27.3 and ranks #129 on LLM Stats
  • your work emphasizes reasoning — it leads those capability indexes
  • you value its reported benchmark strengths — it wins 2 of 2 exact shared results
  • cost matters — it's about 2.5x cheaper per token
  • you process long inputs — it offers a 1,000,000 token context window
  • you want the most recent training data — it shipped Oct 2025
  • you need open weights you can self-host or fine-tune

At a glance

The differences that matter most.

Core performance indexes
-12.9
#347
27.3
#129
-12.9
#341
27.0
#128
Cost, coverage & limits
Benchmark wins
0 of 2
2 of 2
Input price
$0.40 / M
$0.30 / M
Output price
$4.00 / M
$1.20 / M
Context window
128,000
1,000,000

Capability indexes

Additional strengths measured across groups of related public benchmarks

1 shared
Index
ERNIE 4.5
MiniMax M2
-15.8#311
20.0#149
Conservative TrueSkill rating · higher is betterHow scores work

Individual benchmarks

20 reported for ERNIE 4.5 · 16 for MiniMax M2

2 shared

ERNIE 4.5 outperforms in 0 benchmarks, while MiniMax M2 is better at 2 benchmarks (GPQA, MMLU-Pro).

MiniMax M2 significantly outperforms across most benchmarks.

Sun Aug 30 2026 • llm-stats.com

Human preference

Blind head-to-head votes and playground preference scores

Pricing Analysis

Price comparison per million tokens

MiniMax M2 costs less

For input processing, ERNIE 4.5 ($0.40/1M tokens) is 1.3x more expensive than MiniMax M2 ($0.30/1M tokens).

For output processing, ERNIE 4.5 ($4.00/1M tokens) is 3.3x more expensive than MiniMax M2 ($1.20/1M tokens).

In conclusion, ERNIE 4.5 is more expensive than MiniMax M2.*

* Using a 3:1 ratio of input to output tokens

Lowest available price from all providers
Sun Aug 30 2026 • llm-stats.com
Baidu
ERNIE 4.5
Input tokens$0.40
Output tokens$4.00
Best providerNovita
MiniMax
MiniMax M2
Input tokens$0.30
Output tokens$1.20
Best providerMiniMax
Notice missing or incorrect data?Start an Issue

Model Size

Parameter count comparison

209.0B diff

MiniMax M2 has 209.0B more parameters than ERNIE 4.5, making it 995.2% larger.

Baidu
ERNIE 4.5
21.0Bparameters
MiniMax
MiniMax M2
230.0Bparameters
21.0B
ERNIE 4.5
230.0B
MiniMax M2

Context Window

Maximum input and output token capacity

MiniMax M2 accepts 1,000,000 input tokens compared to ERNIE 4.5's 128,000 tokens. MiniMax M2 can generate longer responses up to 1,000,000 tokens, while ERNIE 4.5 is limited to 65,536 tokens.

Baidu
ERNIE 4.5
Input128,000 tokens
Output65,536 tokens
MiniMax
MiniMax M2
Input1,000,000 tokens
Output1,000,000 tokens
Sun Aug 30 2026 • llm-stats.com

License

Usage and distribution terms

ERNIE 4.5 is licensed under a proprietary license, while MiniMax M2 uses MIT.

License differences may affect how you can use these models in commercial or open-source projects.

ERNIE 4.5

Proprietary

Closed source

MiniMax M2

MIT

Open weights

Release Timeline

When each model was launched

ERNIE 4.5 was released on 2025-06-25, while MiniMax M2 was released on 2025-10-27.

MiniMax M2 is 4 months newer than ERNIE 4.5.

ERNIE 4.5

Jun 25, 2025

1.2 years ago

MiniMax M2

Oct 27, 2025

10 months ago

4mo newer

Knowledge Cutoff

When training data ends

Neither model specifies a knowledge cutoff date.

Unable to compare the recency of their training data.

No cutoff dates available

Provider Availability

ERNIE 4.5 is available from Novita. MiniMax M2 is available from MiniMax, Novita.

ERNIE 4.5

novita logo
Novita
Input Price:Input: $0.40/1MOutput Price:Output: $4.00/1M

MiniMax M2

minimax logo
MiniMax
Input Price:Input: $0.30/1MOutput Price:Output: $1.20/1M
novita logo
Novita
Input Price:Input: $0.30/1MOutput Price:Output: $1.20/1M
* Prices shown are per million tokens

Outputs Comparison

Notice missing or incorrect data?Start an Issue discussion

Judge for yourself.

Run your own prompts against ERNIE 4.5 and MiniMax M2 side-by-side, then vote on the output you prefer.

ERNIE 4.5
✓ Preferred
MiniMax M2
Open in Playground

FAQ

Common questions about ERNIE 4.5 vs MiniMax M2.

Which is better, ERNIE 4.5 or MiniMax M2?

MiniMax M2 leads the LLM Stats Score 27.3 to -12.9. ERNIE 4.5 is made by Baidu and MiniMax M2 is made by MiniMax. The best choice depends on your use case — compare their capability indexes, individual benchmarks, pricing, and limits above.

How does ERNIE 4.5 compare to MiniMax M2 in benchmarks?

ERNIE 4.5 scores GPQA: 74.0%, ARC-E: 60.7%, PIQA: 55.2%, Winogrande: 51.3%, CLUEWSC: 48.6%. MiniMax M2 scores Tau2 Telecom: 87.0%, LiveCodeBench: 83.0%, MMLU-Pro: 82.0%, AIME 2025: 78.0%, GPQA: 78.0%.

Is ERNIE 4.5 cheaper than MiniMax M2?

MiniMax M2 is 1.3x cheaper for input tokens. ERNIE 4.5 costs $0.40/M input and $4.00/M output via novita. MiniMax M2 costs $0.30/M input and $1.20/M output via minimax.

What are the context window sizes for ERNIE 4.5 and MiniMax M2?

ERNIE 4.5 supports 128K tokens and MiniMax M2 supports 1.0M tokens. A larger context window lets you process longer documents, conversations, or codebases in a single request.

What are the main differences between ERNIE 4.5 and MiniMax M2?

Key differences include LLM Stats Score (-12.9 vs 27.3), context window (128K vs 1.0M), input pricing ($0.40 vs $0.30/M), licensing (Proprietary vs MIT). See the full comparison above for benchmark-by-benchmark results.

Who makes ERNIE 4.5 and MiniMax M2?

ERNIE 4.5 is developed by Baidu and MiniMax M2 is developed by MiniMax.