MG Im5 vs MG MG5

What's the difference?

VS
MG Im5
MG Im5

$60,990 - $77,990

2026 price

MG MG5
MG MG5

$15,999 - $28,888

2024 price

Summary

2026 MG Im5
2024 MG MG5
Safety Rating

Engine Type
0.0L

Turbo 4, 1.5L
Fuel Type
Electric

Unleaded Petrol
Fuel Efficiency
0.0L/100km (combined)

5.9L/100km (combined)
Seating
5

5
Dislikes
  • Awkward rear seating position
  • No physical spare wheel
  • Some over-zealous active safety

  • Lacks safety tech
  • Low-speed manners
  • Road noise
2026 MG Im5 Summary

Yep, it’s like deja vu all over again! Yet another fresh name in the Aussie new-car market, but this time in the form of a sub-brand from a carmaker that itself feels like it’s only been around for five minutes (but has in fact been in market here for a decade or more).

We’re testing the MG IM5 Performance, the IM badge standing alone in other markets. There, as here, signifying a new level of equipment, performance and quality.

And we’ve been steering this top-spec, dual-motor AWD version of the pure-electric, five-door liftback IM5, priced and specified to challenge a rapidly expanding group of high-performance mid-size EV sedans now occupying local showrooms.

 So, read on to see if this premium electric performer has what it takes to tempt you into a new option from the latest challenger brand to jump into the ever-intensifying, no-holds barred contest for your new-car dollars.

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2024 MG MG5 Summary

MG has a knack for bucking market trends. The MG3 hatch currently makes up more than a quarter of the brand’s sales at a time when the ‘light car’ category is in gradual decline. Electric cars are too expensive? Here comes the MG4 for less than $40K.

So is this, the MG5, here to resuscitate the sedan? A market segment that’s on the way to flatline here in Australia (aside from the Tesla Model 3's relatively niche appeal)?

If it does, it’s going to do it the same way MG has before. Low pricing. Both MG5 variants come in at less than $30K drive-away and convincingly undercut rivals… but at what cost?

MG delivers a strong value proposition with its small sedan, but it largely only comes with the essential safety features needed to be sold in Australia.

Does the MG5 bring enough to the table to be worth considering without common active safety features like lane-keep assist or rear cross-traffic alert? Let’s find out.

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Deep dive comparison

2026 MG Im5 2024 MG MG5

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