Eurokars Group bets big on MG as part of $47 million showroom and facility revamp

Mr Karsano Kwee and his daughter Charmain Kwee will launch the new IM EVs in Singapore by the third quarter of 2025. ST PHOTO: CHONG JUN LIANG

Lee Nian Tjoe

UPDATED Jan 10, 2025, 04:00 PM

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SINGAPORE – In 2025, half of all electric vehicle (EV) registrations will be from Chinese brands, wit h premium European brands taking the other half. This is the projection by Mr Karsono Kwee, executive chairman of multi-franchise motor dealer Eurokars Grou p.

Speaking to The Straits Times in an exclusive interview on Jan 9 at the MG’s exhibition booth at Suntec Singapore Convention and Exhibition Centre, the 76-year-old motor tycoon is driven to take a sizeable chunk of the Chinese EV pie in Singapore.

He is doing this by rejuvenating the Chinese-owned MG brand with new products an d showrooms, as part of the refresh to two of his company’s properties, which is expected to cost between $45 million and $47 million.

The MG distributorship, which Eurokars clinched for Singapore in 2020, has been a steady sales performer, being the second biggest-selling Chinese brand in the country. MG offers E Vs and petrol-hybrid models in Singapore, giving it a broader appeal than other Chinese brands tha t have only EVs.