Hyundai Ioniq 5 vs MG Mg4 Urban

What's the difference?

VS
Hyundai Ioniq 5
Hyundai Ioniq 5

$42,449 - $92,950

2024 price

MG Mg4 Urban
MG Mg4 Urban

$29,990 - $32,990

2026 price

Summary

2024 Hyundai Ioniq 5
2026 MG Mg4 Urban
Safety Rating

Engine Type
Not Applicable, 0.0L

Fuel Type
Electric

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Fuel Efficiency
0.0L/100km (combined)

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Seating
5

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Dislikes
  • Awkward exterior door handles
  • No spare wheel
  • Big turning circle

  • Active safety tech still needs work
  • Ride feels too firm at times
  • Cheap but not the cheapest EV
2024 Hyundai Ioniq 5 Summary

What is it about single letters and performance cars? 

BMW has M, Volkswagen has R, Lexus has F, and with only 23 choices left Hyundai opted for N - which stands for Namyang, site of the brand’s sprawling proving ground and development centre in South Korea, and Nurburgring, the famous German racing circuit where its performance cars are fine-tuned.

And like BMW M Sport, VW R-Line and Lexus F Sport, the Korean giant has N Line as a ‘lite’ option. Sporty models that add a little more punch and visual flair without crossing the line into hardcore hot-rod territory. 

And this is one its latest examples, the pure-electric Ioniq 5 SUV in top-spec Epiq AWD trim and equipped with the N Line Option Pack as well as the tricky Digital Mirror Pack.

In this configuration it slots into the $90K price band, which means it has a lot to live up to in terms of performance, safety, driving dynamics, value and more. 

So, stay with us to see if this premium five-seater is the kind of sporty EV SUV that gets your heart racing.

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2026 MG Mg4 Urban Summary

MG needs a win, and the MG4 Urban may be the right car at the right time to give the Chinese brand a major boost.

It has been a rough few years for MG, with sales in decline for the past two years, which has seen it tumble from Australia’s favourite Chinese car maker to a distant fourth place behind BYD, GWM and Chery

Part of that could be because of its rapid expansion, both in terms of its total number of models but also the size of the vehicles it’s offering. The larger QS SUV and U9 ute have both received underwhelming responses from the car-buying public.

So, MG has returned to its roots - small, affordable cars. The MG4 Urban, not to be confused with the MG4 Hatch, is its new price-leading electric car and the company’s new management hopes it leads a sales revival.

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Deep dive comparison

2024 Hyundai Ioniq 5 2026 MG Mg4 Urban

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