Geneva Motor Show 2024: MG
The former British brand MG is today owned by SAIC. With more than 230.000 sales in Europe in 2023, it is the most successful Chinese car brand on this market (providing that Volvo is still considered as a European carmaker).
- MG 3: This vehicle might be MG’s biggest revelation. This B-segment HEV sedan is tailored for the mass market, and could be marketed at around 18.000 €, a very competitive price in Europe. It is remarkable that MG announced this model as a full-hybrid, as such cars have a rather flat market share in Europe and their market is strongly dominated by Japanese carmakers. This car will be in competition with the Toyota Yaris, Dacia Sandero, Opel Corsa, Renault Clio, Peugeot 208 and the VW Polo. Inovev estimates the European sales volume of the MG 3 at around 70.000 in 2030.
- MG Cyberster: This BEV Roadster will be probably marketed in 2024 and was already displayed on other shows. At Geneva Motor Show, MG will revel more details. Inovev estimates the European sales volume of the MG 3 under 1.000 in 2030.
- IM L6: MG will introduce its new sub brand IM (Intelligent Mobility) which will completely focus on BEVs and advanced technologies. IM will also revel the first model of its brand, the L6. From the so far published images, we conclude it might be a D or E segment sedan. Interesting is that the battery may come in two different configurations. It shall be available with a lithium-ion battery, which should enable 600 km range, or with a solid-state battery (or maybe semi solid), which should enable 800 km range, based on WLTP standards. As by now, very little is known about this model. Therefore the estimation of Inovev for the European sales volume of this model ranges between 2.000 and 8.000 units per year for 2030.