Chinese electric car importers race to the bottom with large discounts.

Motor Torque with David Berthon

For the seventh time this year MG Motor Australia has slashed the price of its
electric MG4 hatchback with incredible savings on its five-model range during the
month of December – the entry MG4 Excite 51 now $32,990 drive-away, a saving
of up to $8,457, the higher grade Excite 64 from $34,990 drive-away, some $10,910
cheaper than before. And similar savings are available on the Essence 64 and 77
grades as well as the topflight XPower all-wheel drive. The Chinese importer
suggesting the December only deals proving it is continuing to lead the way
forward for buyers wishing to make the switch to EV motoring – however this
race to the bottom in EV pricing gives little thought to those who bought the MG4
at much higher prices earlier this year whose resale values have now been blown
out of the water. I’m David Berthon

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