On December 20, Zhou Yan, common supervisor of SAIC’s MG model, indicated that MG will launch two new fashions in 2025, particularly, a compact pure electrical sedan and a plug-in hybrid giant 5-seater SUV. Each automobiles may have “much less British type and extra Chinese language type” with the intention of “letting Chinese language automobiles run world wide”, in line with Zhou.
It isn’t clear at the moment whether or not these two fashions will probably be launched globally along with the Chinese language market.
Earlier this month, Zhou stated on social media that one among MG’s new fashions launched subsequent yr will probably be outfitted with semi-solid state batteries. This new mannequin could possibly be both the sedan or SUV.
At the moment, MG’s mannequin lineup consists of the EXE181 electrical hypercar; the Cyberster electrical roadster; 4 sedans: the MG5, MG6, MG5 Scorpio, and MG7; the MG4 EV hatchback; and three SUVs: the MG One, MG ZS, and MG ES5. As well as, in line with abroad media stories, MG is anticipated to launch a 7-seater SUV within the Australian market in 2025 and title it “MG QS”, which could be the Roewe RX9’s sister car and is anticipated to undertake a 1.5T plug-in hybrid energy system.
MG originated within the UK in 1924. In 2005, it was first acquired by China’s Nanjing Vehicle Group. Then in 2007, SAIC acquired Nanjing Vehicle. MG was formally integrated into SAIC and have become a home Chinese language model.
Information reveals that MG’s gross sales within the world market are rising steadily. Nonetheless, in distinction, the gross sales in China are declining yr by yr. From 2019 to 2023, MG’s world annual gross sales have been 298,000, 310,000, 470,000, 660,000, and 840,000 models, respectively, ranked first in China’s single-brand vehicle exports for 5 consecutive years, accounting for about 70% of SAIC abroad gross sales.
Quite the opposite, MG’s home gross sales have been 159,000, 80,000, 110,000, 180,000, and 100,000 models, respectively. Particularly, in 2019, home gross sales accounted for 53.3% of MG’s world gross sales, however by 2023, this make-up have dropped to solely 11.9%.
Equally, from 2019 to 2023, SAIC’s gross sales fell from 6.238 million autos to five.021 million autos. The gross sales in 2023 fell by 28% from the height of seven.052 million autos in 2018. Within the Chinese language home vehicle market, joint ventures and home manufacturers are rising their funding to compete for restricted market share, particularly within the new vitality car (NEV) phase. In 2023, SAIC launched the “Three-Yr Motion Plan for the Growth of NEVs”, aiming to attain annual gross sales of three.5 million NEVs by 2025.
Will MG’s gradual electrification transformation assist revive the declining gross sales?
Supply: MG, Zhou Yan Weibo, Autohome
