The MG Cyberster electric convertible could cost over $100,000 when it arrives in Australia in the fourth quarter of 2024, based on the new model’s pricing in the UK.

This week, MG in the UK announced the Cyberster will be sold there in two variants: the single-motor rear-wheel drive Trophy and flagship dual-motor all-wheel drive GT.

Pricing for the Cyberster Trophy starts from £54,995 (A$105,250) before on-road costs, while the Cyberster GT begins at £59,995 (A$114,800).

It’s unclear whether MG will offer both variants in Australia, but the company has previously indicated the Cyberster will start at over $100,000 locally but top out below $140,000.

That would make it far and away the most expensive model the brand has offered here since coming under Chinese ownership.

A direct currency conversion of UK pricing doesn’t tell the full story, given it excludes on-road costs while the UK also has a 20 per cent Value Added Tax (VAT) compared to Australia’s 10 per cent Goods and Services Tax.

Take the MG 4 XPower, for instance. It’s priced from £36,495 before on-road costs in the UK, which converts to A$69,850 in Australia.

By comparison, the same car costs $59,990 drive-away in Australia, 14 per cent less than in the UK even before adding its on-road costs.

The UK-spec MG Cyberster Trophy is powered by a rear-mounted electric motor, which produces 231kW of power and 475Nm of torque, fed by a 77kWh battery – though a smaller 64kWh unit is also available in China.

Flagship Cyberster GTs are dual-motor all-wheel drive, increasing outputs to 400kW and 725Nm, and reducing the convertible’s 0-100km/h sprint time to just 3.2 seconds.

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