Electric car launches spark a price war in Australia

An electric vehicle price battle is emerging after MG revealed plans to launch the cheapest electric car in Australia days before one of its biggest rivals was expected to do the same.

The Chinese automaker unexpectedly cut $6000 from the cheapest price for its MG4 electric vehicle on Monday, announcing the release of an entry-level model at $38,990.

The vehicle will be the first electric car to launch in Australia for less than $40,000.

The move comes three days before rival BYD…

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