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.
Perhaps, as it is linked in the last sentence of the above article, the web page at https://thedriven.io/ev-models/ could be updated to reflect the information in the above article, with the heading, immediately under the words “EV Models” having the text ” Last updated on (date of last updating) and information is correct to the best of our knowledge, as of this date”.
In the above article, is this;
“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.”
At
https://thedriven.io/ev-models/#Currently_Available_MG
the MG4 Excite 51 is shown to have a range of 350km,
the MG4 Excite 64is shown to have a range of 450km,
the MG4 Essence 64 is shown to have a range of 435km,
the MG4 Long Range 77 (77kWh battery) is shown to have a range of 539km
the MG ZS EV Excite (60kWh battery) is shown to have a range of 320km,
the MG ZS EV Essence (72kWh battery) Long Range is shown to have a range of 440km
These figures appear to be all over the place, with massive inconsistencies in range per kWh of battery capacity.
As the (in)famous Pauline Hanson was oft to say, “Please explain”.
Those figures seem right to me. The Excite 64kWh range is 450km and the 51kWh is 350km
Uggghhhh
First Tesla cut prices because of bad management. Now MG.
Change the MG CEO already!
MG is SAIC which is a state-owned enterprise.
source: https://en.wikipedia.org/wiki/SAIC_Motor
It would benefit MG if they cleaned up their range, stopped the factory bonus bollocks and price this car sensibly. It is a small hatchback and shouldn’t see $40k on road, except the fastest one. It’s only $10K cheaper than a Tesla, should be $20k cheaper. There is a reason they don’t sell that well, know you know why, it doesn’t represent good value.
The MG CEO isn’t a brand negative. Elon is. End of.
I like the price cuts, makes cars more affordable, Tesla is still selling on a good margin, dont know about MG tho, but happy as a customer
How could it not have a massive margin. MG gets CCP payments and subsidy for every EV they make, they have economies of scale and an established distribution network already setup in Australia plus high service fees. The MG ZS EV is a flimsey looking thing that is way over priced.
All these minor price adjustments isn’t good for the brand given they have hybrids and other ICE vehicles to make money from.
Good news is each one sold is costing the CCP then. How good is that!?
Seriously, disinformation. Have you ever owned or even driven a ZSEV? I’ve owned two over the last few years – the first one 2019, then the 2023 facelift. Both had zero issues & were hassle-free, easy to own. Price drops & 10 year warranty makes it even better value. A perfect round-town car in terms of size, storage, visibility, comfort, even motorised blind for the pano roof and flat floor in the rear. Half the price of a Volvo XC-40 & few discernible differences in practice.
Since then have upgraded to a Mach-E, another level altogether & I guess you can diss that one again (with zero experience) & with the usual Tesla-like bullying. Sydnay?
It doesn’t appear to have the build quality and solidity of rivals like Mazda CX5, Subaru Forester and other cars in that category. The wheels, wheel archers, stance don’t inspire confidence and the reviews i have read are not in the cars favour. It’s great that you have had a trouble-free experience but adding a 10-year warranty is like what Mitsubishi did decades ago trying to get people into their cars, it didn’t work that well. I thought of getting one for my mum but kind of a step down from the likes of a BYD Atto 3.
The Mach E is an excellent car but suffering from poor equipment levels / specs in the range plus it’s priced too high.
That’s good news. 64kWh is a good option that allows for both city and interstate driving (with some planning).
Over production and not selling, Chinese government has cut back on subsidiaries and will only pay them for cars sold not made.
Excellent news. We need more EV hatchbacks instead of the flood of new SUVs coming to market in Australia.
They definitely want those Aussie dollars.
I complained about having to sign in each time and it has been fixed. I’m sure it wasn’t my message that did it, but thanks nonetheless. Now get rid of the capchas ha!
This articleis misleading – I don’t think Riz read the fine print. The $4k off is only for 2023 builds…
The Driven has the best coverage of all the Australian reviews.
BUT please get rid of that horrible floating green circle asking for comments. It would be much better if it was placed at the end of each article where it would not be so detracting and annoying!
Riz, obviously you know the story wouldn’t have got as many clicks if you told the real story, that MG have reduced the prices on only 2023 MG4 build vehicles, (which so many manufacturers are doing currently) typical 2024 journalist, no wonder John Cadogan has such a following, tells it as it is.