Report: MG Cyberster electric sports car may have lower price in China than anticipated

Title: Leaked Pricing Reveals MG Cyberster Electric Sports Car Cheaper Than Expected in China

Introduction

In a surprising turn of events, leaked information regarding the pricing of the upcoming MG Cyberster electric sports car in China suggests that it may be cheaper than initially anticipated. An internal document shared on social media platforms and Chinese website Autohome indicates that the Cyberster could be priced from 239,800 yuan ($AU50,000) in its home market. This figure contradicts earlier predictions of 300,000 yuan ($AU62,000). The leaked prices are significantly lower than the previously reported starting price of £55,000 ($AU106,000) for the UK market. Although the Chinese prices seem affordable, it’s important to note that China applies a 15% tariff to imported vehicles, thus affecting the price comparison with other models like the Toyota GR86.

Lower Than Anticipated Pricing for MG Cyberster in China

The leaked image suggests that the Chinese base price for the MG Cyberster is approximately 46% higher than that of the top-of-the-range MG 4 64kWh electric hatchback, which costs 163,800 yuan ($AU34,000) in China. In Australia, the same MG 4 64kWh electric hatchback is priced at $47,990 plus on-road costs. This difference in pricing indicates that the starting price for the MG Cyberster in Australia may be closer to $70,000 or $80,000, potentially excluding on-road costs, when it reaches local showrooms next year or in 2025.

Leaked Pricing Details for MG Cyberster in China

According to the leaked information, the MG Cyberster will be available in three variants in China. The base model, priced at 239,800 yuan ($AU50,000), comes with a 64kWh rear-wheel-drive configuration. It is equipped with a 230kW electric motor and claims a driving range of 501km based on lenient Chinese CLTC testing standards. The mid-trim version of the Cyberster offers increased power output of 250kW and is available with a 77kWh rear-wheel drive, giving it a claimed range of 680km. The range-topping variant features dual electric motors, a 77kWh battery pack, and a power output of 400kW sent to all four wheels.

Comparison with Competing Models

When compared to its competitors, the pricing of the MG Cyberster seems quite reasonable. For instance, the Toyota GR86 coupe, priced from 338,600 yuan ($AU71,250) in China, is in a higher price range due to a 15% tariff on imported vehicles and additional taxes on vehicles with engines larger than 2.0 liters. Similarly, an entry-level 2.0-liter Porsche 718 Boxster costs 585,000 yuan ($AU123,000) in China, further establishing the competitive pricing of the MG Cyberster.

International Pricing Details and Availability

While pricing details for the MG Cyberster in global markets are yet to be officially announced, this leak provides some insight into the potential affordability of the electric sports car. The MG Cyberster has been confirmed for the Australian market, and pricing information is expected to be revealed in the near future. With its sleek design and promising performance, the MG Cyberster is becoming an eagerly anticipated electric vehicle worldwide.

Conclusion

If the leaked pricing information is accurate, the MG Cyberster electric sports car is set to be more budget-friendly than expected in China. The alleged prices, starting from 239,800 yuan ($AU50,000), make it an attractive option for consumers looking for an affordable electric convertible. However, it is crucial to consider the different tariffs and taxes associated with imported vehicles in China. The leaked prices indicate that the MG Cyberster’s starting price in Australia may be around $70,000 or $80,000, excluding on-road costs. With its three variants and impressive performance capabilities, the MG Cyberster is poised to make a significant impact in the electric sports car market.

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