‘Aggressively priced’ new electric car confirmed: 2028 MG2 locked in for launch to rival BYD and GWM’s cheapest EVs: report

There’s a new entry-level electric car on the way, according to reports from the UK, and it’s one that could set the sales charts alight.

While the MG4 is currently the best-selling small electric car, and one of the best-selling small cars overall, a smaller and more affordable EV from the brand could rival the decently popular BYD Dolphin.

Set to be designed in the UK, the smaller MG electric car is likely to be called the MG2, according to reports from the British Isles, though it’s not likely to arrive for a while and when it does, Australia isn’t necessarily a lock-in.

MG UK boss, David Allison, told Autocar the new entry-level model would sit below the MG4 as the brand’s cheapest car to regain MG’s place as one of the most affordable offerings in the new electric car market.

“One of the things that we’ve always had is that affordable price position on EVs but we don’t have that any more,” he said.

“We are nowhere near the cheapest when it comes to EV sales, because so many other brands and so many other models come into that space now.

“So when I price that car, I will price it as aggressively as I can get away with and the view will be very much on affordability, very much on monthly payments.”

Because of its probable size and the slim popularity of light cars in Australia the MG2 isn’t necessarily a lock for the Australian market - the Toyota LandCruiser Prado alone was more popular than the entire light car segment, regardless of price, in the first half of 2025.

Autocar suspects the small MG EV will be benchmarked against the Renault 5 electric car, which uses a 110kW motor and a 52kWh battery in its higher spec, resulting in a claimed range up to 410km.

Allison told the UK outlet the popularity of the Renault 5 in the UK and Europe has shown the light EV segment is strong, and an entry into the segment from MG would need to be strong.

“The Renault 5 has made the job much more important,” he said.

“I’ve always felt that was the next market that was going to happen, because as Europe transitions towards EVs, inevitably the easiest way of making them more affordable is downsizing.”

In terms of timing, he said the model would likely be “probably a couple of years away”.

Between now and then more information should come to light, including the official name of the model and whether it becomes available in global markets like Australia.