SAIC Motor opened pre-sales for the new MG4 EV, starting at just over $10,000 in China. The Chinese automaker confirmed a new MG4 model, powered by a semi-solid-state battery, is set to launch next month.
When will the MG4 with a semi-solid-state battery launch?
Pre-sales for the new MG4, SAIC’s new flagship model, opened on Tuesday, starting at just 73,800 yuan, or about $10,000.
The new MG4 EV is available in four variants, but SAIC promises a semi-solid-state battery will be added soon. SAIC will reveal prices for the new semi-solid-state model next month, with deliveries expected by the end of the year.
For now, the new electric hatch is offered in Comfort, Ease, Freedom, and Smart trim options. It’s available with two LFP battery options: 42.8 kWh and 53.9 kWh, rated with CLTC ranges of 437 km (272 miles) and 530 km (330 miles), respectively. Prices range from 73,800 yuan ($10,000) to 105,800 yuan ($15,000).
Advertisement – scroll for more content
The new MG4 is 4,395 mm long, 1,842 mm wide, and 1,551 mm tall, with a wheelbase of 2,750 mm, which is slightly larger than the BYD Dolphin.
The all-new MG4 EV (Source: SAIC MG)
Although it may be small, the electric hatchback is packed with advanced technology and features. SAIC stated that the new MG4 is the first to feature OPPO’s Smart Driving connectivity system, enabling car-to-vehicle integration, AI voice assistance, and more.
The interior features a relatively good-sized 15.6″ floating entertainment screen. With OTA updates, the vehicle will gain new features, such as remote parking and safety upgrades.
The all-new MG4 EV interior (Source: SAIC MG)
SAIC will reveal prices for the MG4 with a semi-solid-state battery in September, with deliveries set to begin by the end of 2025. The company claims its engineers “have broken the material monopoly and overcome technical barriers” for the new battery tech, turning “the impossible into mass production.”
(Source: SAIC MG) *Translated from Google Translate
The new MG4 will be one of the first production EVs to launch globally with a semi-solid-state battery. We will learn more details and prices next month.
In the first half of 2025, SAIC Motor sold over 2.05 million vehicles. Although sales were down 12% from the first half of last year, SAIC claims its “new three-driving force” is paying off. In June alone, the company sold 365,000 vehicles, representing a 22% increase over the same period last year. It was also SAIC’s sixth consecutive month with higher sales.
Lucid Motors (LCID) will continue offering the $7,500 federal EV tax credit for Gravity buyers until the end of the year. Lucid’s interim CEO, Marc Winterhoff, said the electric SUV has “so many orders” and it doesn’t want buyers to lose out on the savings.
Are orders for Lucid’s Gravity SUV picking up?
Apparently, demand for Lucid’s new Gravity SUV is picking up. A recent Automotive News report claimed that Lucid registered just nine Gravity models in its first six months on the market, but the company was quick to shut down the rumors.
Lucid’s communication boss, Nick Twork, told Electrekin an email that the report was “completely inaccurate,” adding “a quick review of social media postings from our customers shows that those numbers are simply not credible.”
According to Twork, Gravity deliveries are “well into the 3-digit range.” In the second half of the year, Lucid expects the SUV to account for the majority of deliveries and production.
Advertisement – scroll for more content
Winterhoff confirmed on Lucid’s second-quarter earnings call that production of the Gravity SUV was “beginning to ramp up” after resolving most of the supply chain issues that had limited output in the first half of the year.
Lucid Gravity Grand Touring in Aurora Green (Source: Lucid)
Since it started offering test drives while adding Gravity models to its studios, Lucid’s interim CEO said the daily order rate for the electric SUV has nearly doubled.
During a new interview with Brew Markets on Tuesday, Winterhoff suggested that the Gravity is quickly attracting buyers. Lucid’s chief confirmed it will honor the $7,500 federal EV tax credit for Gravity buyers until the end of the year “because we have so many orders and we don’t want to tell order holders, you know what, you’re out of luck, we didn’t deliver in time.”
The Lucid Gravity (Source: Lucid)
Winterhoff also said that Lucid expects a limited impact on sales from the loss of the credit due to its market position and pricing.
Lucid views the German luxury brands, including Mercedes, BMW, and Audi, as its primary competitors. Although it does view Tesla as a competitor, “we see ourselves a little bit of a notch higher than Tesla,” Winterhoff said, when comparing the interior, materials, and luxury.
The interior of the Lucid Gravity (Source: Lucid Group)
Despite several luxury brands recently pulling back on their electrification plans, like Porsche, Lucid will remain a pure EV company and still believes electrification is the future.
Lucid’s vehicles currently start in the $70,000 to $80,000 range, but the company is working on launching its midsize platform in late 2026, which will bring the price down to around $50,000. The midsize platform will wear at least three “top hats,” including a crossover SUV, a more rugged variant, and a third, rumoured to be a midsize sedan aimed at the Tesla Model 3.
FTC: We use income earning auto affiliate links.More.
Photo: Nevada Division of Environmental Protection
The Trump administration is seeking to acquire a 10% stake in Nevada’s upcoming lithium mine, operated by Lithium Americas (LAC).
Lithium Americas (LAC) has a flagship lithium mining project, Thacker Pass, located in Nevada.
With the Biden administration, the company had secured a $2.26 billion government loan to advance the project to production. However, since taking office, Trump has been attempting to claw back many loans related to the energy transition.
Last night, reports began to circulate about the Trump administration attempting to renegotiate the terms of the loans to include a 10% stake in the project.
Advertisement – scroll for more content
It sent LAC’s stock surging by as much as 80% in after-hours trading.
The reports forced the company to issue a comment. Lithium Americas confirmed being “in discussions” with both the Department of Energy, which issued the loan, and General Motors, which holds a 38% stake in the company and a right to buy the lithium from the mine, about drawing from the loan:
The Company is in discussions with the DOE and General Motors Holdings LLC (“GM”), its joint venture partner in the Thacker Pass lithium project (“Thacker Pass” or the “Project”), regarding first draw on the DOE Loan. The topics of these discussions include certain conditions precedent to draw on the DOE Loan and associated loan specifics, as well as incremental requests from the DOE for potential further conditions to first draw and/or potential amendments to the DOE Loan and associated transaction documents, including corresponding consideration. The Company continues to work with the DOE and GM regarding proposals for a mutually agreeable resolution.
This would be the latest example of the Trump administration taking direct stakes in companies and using “national security” as the reason.
Electrek’s Take
The Biden administration was attempting to establish a North American battery supply chain, but Trump has significantly hindered that effort over the last few months.
However, this is a good move.
The loan would have likely worked as well, but direct ownership is essentially how China operates, and it has worked out quite well for them. There’s a word for this, but Trump’s base hates it.
My main issue with how Trump is doing these market-moving announcements and leaks looks a hell of a lot like insider trading.
Even with this move on LAC, there was suspicious short-term option trading on the stock leading up to this.
The US is in its era of grifters.
FTC: We use income earning auto affiliate links.More.
A Lithium Americas worker processes lithium at the company’s Reno, Nevada R&D lab.
Lithium Americas stock doubled Wednesday as the Trump administration is seeking an equity stake in the mining company, which is based in Vancouver, British Columbia.
The White House proposed the equity stake as Lithium Americas renegotiates the terms of a $2.2 billion loan from the Department of Energy for its Thacker Pass mine in Nevada, a Trump administration official told CNBC. Reuters first reported the equity stake proposal.
Lithium Americas’ shares hit a session high of $6.23, up more than 100% over Tuesday’s close of $3.07. The miner has a market cap of about $1.5 billion.
It is the latest move by the White House to take direct ownership in the mineral supply chain critical to U.S. interests, but the first such stake proposed for a Canadian company. Lithium Americas trades on both the Toronto Stock Exchange and the NYSE but is incorporated and domiciled in Canada.
The Department of Defense took a 15% equity stake in rare earth miner MP Materials in July. Shares of Las Vegas-based MP Materials have more than doubled since the deal.
Thacker Pass in northern Nevada is expected to become one of the largest sources of lithium in North America with the first phase of the project scheduled to start operations in late 2027. The project is a joint venture between Lithium Americas and General Motors.
Lithium Americas has a 62% stake and operates the mine. GM has a 38% stake and has agreed to buy offtake from the mine when it is operational. Lithium is a critical material for electric vehicle batteries.
Lithium Americas and GM had to renegotiate the terms of the loan for Thacker Pass because they did not meet the conditions for the first disbursement, the Trump administration official said. During negotiations with the Department of Energy, they requested to push out part of the loan repayment into later years, the official said.
“If we’re going to push out part of the repayment into later years, then the administration would like a very small stake of equity to create essentially a cash buffer and eliminate some risk on behalf of taxpayers,” the official said.
A deal has not been finalized but the Trump administration supports the project and the discussions are positive, the official said. The investment could need Canadian approval as well given the company’s jurisdiction.
Lithium Americas confirmed Wednesday that it is in talks with the Energy Department and GM on the loan for Thacker Pass. GM declined CNBC’s request for comment.
Interior Secretary Doug Burgum revealed in April that the Trump administration was considering taking equity stakes in miners to back them against state-sponsored competition in China.