2024 MG Cyberster electric sports car price revealed for China

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The first new MG sports car in two decades is poised to become the company’s most expensive model ever – at more than $100,000 – when it arrives in Australia next year.


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The 2024 MG Cyberster electric sports car may be priced in excess of $100,000 – close to a base Porsche 718 Cayman – when Australian showroom arrivals begin late next year.

Order books for the Cyberster – the first new sports car from the Chinese-owned, British-in-name company in 20 years – have formally opened in China, where it is priced from 319,800 yuan ($AU69,500).

Three models are available, with up to 400kW, up to 580km of claimed driving range, and prices extending to 359,800 Chinese yuan ($AU78,000).

While these prices would put the MG Cyberster in the same price range as hot hatchbacks in Australia – based on a currency conversion – it is all but certain to be more expensive by the time it reaches local shores.

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Using other MG models as a reference – including the MG 4 XPower, which costs 168,600 yuan ($AU36,700) in China, or $59,990 plus on-road costs in Australia – the entry-level Cyberster may be priced from $100,000 to $120,000 plus on-road costs.

A top-of-the-range, all-wheel-drive model may be priced from $120,000 to $140,000 before on-road costs.

The wide estimate range is because the price difference between the MG 4 XPower in Australia and China is larger in percentage terms than other MG models.

In Australia the XPower costs 65 per cent more than it does in China – whereas a middle-of-the-range MG 4 is only 35 per cent dearer here than it is in China.

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At its estimated circa-$100,000 price, the Cyberster will be hit with Australia’s Luxury Car Tax (LCT) – which adds 33 per cent to every dollar above the LCT threshold, which for electric cars until 31 July 2024 is $89,332.

The MG Cyberster measures 4535mm long, 1913mm wide and 1329mm tall, on a 2690mm wheelbase.

It is 600mm longer than a Mazda MX-5 – the same difference in length between a Holden Commodore SS V8 sedan and Hyundai i30 hatch – and is similar in length, and slightly wider than a new Porsche 911.

The entry-level rear-wheel-drive model is powered by a 231kW/475Nm electric motor and a 64kWh battery pack good for 0-100km/h in a claimed 4.9 seconds, a 193km/h top speed, and 501km of claimed driving range in lenient Chinese CLTC lab testing.

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Buyers can opt for a larger 77kWh battery which increases driving range to 580km CLTC, and increases the motor’s power to 250kW/475Nm, for 0-100km/h in 4.9 seconds (likely due to the extra weight) and a 195km/h top speed.

The flagship all-wheel-drive, 77kWh model uses dual electric motors with 400kW and 725Nm, claimed to be capable of 0-100km/h in 3.2 seconds, 200km/h flat out, and a 520km CLTC range.

It is the most powerful and quickest-accelerating production road car the company has ever built.

Depending on model there are 19-inch or 20-inch alloy wheels, with Pirelli P Zero tyres, Brembo brakes, and – as the MG China brochure is eager to point out – suspension tuned by an engineering firm in Italy, rather than solely in-house in China.

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Inside, Chinese models receive an aircraft-style ‘yoke’ steering wheel – though versions sold overseas are expected to get a traditional round wheel – in front of one 10.25-inch and two 7.0-inch screens ahead of the driver.

According to Car News China, MG took more than 1000 pre-orders for the Cyberster in the 50 days before the price was announced.

The 2024 MG Cyberster is on sale now in China. It is due in Australian showrooms between October and December 2024.

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Alex Misoyannis has been writing about cars since 2017, when he started his own website, Redline. He contributed for Drive in 2018, before joining CarAdvice in 2019, becoming a regular contributing journalist within the news team in 2020.

Cars have played a central role throughout Alex’s life, from flicking through car magazines at a young age, to growing up around performance vehicles in a car-loving family.

Read more about Alex MisoyannisLinkIcon

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