MG is on a new electric vehicle price cut spree, this time bringing prices of its mid-spec 64 kWh MG4 variants down through a $4,000 factory bonus – less than a fortnight after MG cut the prices of the mid-spec variants of its ZS EV model.
The MG4 Excite 64 and Essence 64 variants that up until July cost $44,990 and $46,990 before on-road costs have now had their drive-away prices slashed to as low as $39,694 and $42,694 in jurisdictions such as the ACT.
Other states are also seeing drive-away prices reduced to around $41,000 driveaway for the Excite 64 kWh, while the Essense 64 kWh is seeing average driveaway pricing of around $44,000 across many states.
The MG4 64 kWh variants have a mid-sized battery, slightly smaller than the 77 kWh long-range variant.
This delivers up to 450 km of range on a single charge, which is over 99 km more than the base 51 kWh battery found in the Excite 51 variant.
The 64kWh battery also has faster charging with recharging speeds of up to 138kW. This means that a charge time of only 28 minutes from 10% – 80% when using a 150kW DC rapid charger.
When it comes to power, the MG4 64 kWh models are powered by a 150 kW rear-mounted motor which can help the car sprint from 0-100 km/h in 7.2 seconds.
The MG4 EV was the first EV from the brand to use the Modular Scalable Platform (MSP) that underpins the current generation of MG EVs.
It also features a rear-wheel drive powertrain which is uncommon for electric hatchbacks and delivers 50:50 weight distribution. Along with that, this platform also allows for thinner battery technology.
Last month, MG also set a new benchmark in Australia by offering an industry-leading 10-year or 250,000km warranty across its entire range, including the MG4.
This is up from the 7-year warranty the company previously offered on its vehicles.
MG4 has been the brand’s best selling electric car so far. With 2024 sales exceeding 3,300 in the first 8 months, these most recent factory bonus offer will help the brand maintain this momentum.
The factory bonus offer on the MG4 is expected to run through September.
Find all available EV options on our EV Models page, and the latest sales data here.
Riz is the founder of carloop based in Melbourne, specialising in Australian EV data, insight reports and trends. He is a mechanical engineer who spent the first 7 years of his career building transport infrastructure before starting carloop. He has a passion for cars, particularly EVs and wants to help reduce transport emissions in Australia. He currently drives a red Tesla Model 3.