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The ultimate bang for buck? MG4 XPOWER electric hot hatch priced in Australia, delivering bonkers performance and super sharp pricing

The MG4 XPOWER flagship will arrive priced from $59,990.

The MG4 XPOWER flagship will arrive priced from $59,990, giving the Chinese brand what just might be the ultimate EV performance bargain in our market.

That cost undercuts rivals like the Kia EV6 GT ($99,590), the dual-motor Tesla Model 3 ($71,900) and the Polestar 2 dual-motor Performance ($79,272).

The MG4 XPOWER gets twin electric motors (unlocking all-wheel drive), which produce a combined 320kW and 600Nm — 150kW at the front, and 170kW at the rear.

That’s plenty of power. And enough to unlock a sprint to 100km/h of 3.8 seconds —  or what MG describes as “supercar performance”.

“The MG4 XPOWER has supercar performance packed with features including launch control and a track mode inspired lap timer showing that a compact EV can be affordable, practical and spirited to drive,” says MG Motor Australia and New Zealand CEO, Peter Ciao.

“We expect it will appeal to customers looking for a true performance car with plenty of technology and space to match.

The MG4 XPOWER flagship will arrive priced from $59,990. The MG4 XPOWER flagship will arrive priced from $59,990.

“The MG4 XPOWER EV also retains the generous safety equipment levels, as well as practical hatchback features, of the award-winning MG4 range.”

The brand is promising some significant performance upgrades, too. That starts with Dynamic Cornering Control System that debuts here, and delivers a locking e-diff and torque vectoring to for more mid-corner traction.

There’s also a ride and handling upgrade, with retuned suspension, stiffer anti-roll bars and sharper steering, all of which increase the vehicle’s overall stiffness by 25 percent.

The MG4 XPOWER gets twin electric motors which produce a combined 320kW and 600Nm. The MG4 XPOWER gets twin electric motors which produce a combined 320kW and 600Nm.

Finally, there’s been a brake and tyre upgrade, with ventilated 345mm discs in each corner, and Bridgestone Turanza rubber.

The MG4 XPOWER is fitted with a 64kWh battery set up for 140kW DC charging, meaning it can go from 10 to 80 percent charged in less than 30 minutes. All up, you can expect a 385km WLTP driving range.

Pre-orders for the MG4 XPOWER open tomorrow.