New Poll: American Voters Support Federal Investments in Electric Vehicles Broad, Bipartisan Support for EV Investments and Incentives that Lower Costs, Expand Access, and Help the U.S. Beat China in the Race for Auto Manufacturing WASHINGTON, D.C. – A new bipartisan national poll conducted by Meeting Street Insights and Hart Research finds broad public support …

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IM Motors is ready to enter Australia’s rapidly growing EV market, which, let’s face it, is already dominated by Chinese cars. However, the company is making a somewhat strange move with its branding: the vehicles will be marketed under the newly named IM Presented by MG Motor brand. We’ll let that name sink in for a moment—yeah, it doesn’t exactly trip off the tongue. But despite the curious moniker, the company plans to introduce two intriguing models locally.

The IM5 and IM6, which are already on sale in China under the names L6 and LS6, will be the vehicles taking center stage. There’s no official explanation for the name change in Australia, but what we do know is that both cars will be built in right-hand drive from the factory, thanks to a collaboration between SAIC, Alibaba, and Zhangjiang Hi-Tech.

Read: IM Motors LS6 Secures 10,000 Orders In One Week, Offered With Up To 787 HP

At this point, IM Presented by MG Motor—yes, we’re still trying to get used to that—hasn’t provided many specifics about the Australian versions of these cars. However, it’s safe to assume that they’ll likely be very similar to the models already available in China. The sleek IM5 will serve as a rival to the Tesla Model 3 and BMW i4, but is longer and wider than both of them, and has been tipped to start at around AU$70,000 (about $44,200 at current exchange rates) while topping out at AU$95,000 (~$60,000).

In China, IM sells the sedan and SUV with 400V, 800V, and 900V electrical architectures and 75 kWh, 83 kWh, and 100 kWh battery packs. Entry-level rear-wheel drive models pump out 290 hp (216 kW) and 332 lb-ft (450 Nm), while the flagship versions churn out a monstrous 776 hp (579 kW) and 590 lb-ft (800 Nm). The IM5 sedan can reportedly hit 100 km/h (62 mph) in just 2.74 seconds, while the SUV needs 3.48 seconds.

Like so many other new EVs out of China, the cabins of the two cars are very tech-focused and come outfitted with plenty of plush materials. Key standouts include a large screen on the console for the climate control, much like what you’ll find in a Porsche Taycan, and then a single panoramic screen for the gauge cluster and infotainment system.

There are also twin wireless phone chargers, cupholders, and several accessories, including a table and a large wireless charging pad that can hold devices or even reading lamps.

“We’re thrilled to introduce IM Presented by MG Motor to the Australian market, setting a new benchmark for luxury electric driving,” MG Motor Australia’s chief executive Peter Ciao said, according to Drive. “With cutting-edge innovation wrapped in elegant design, both the IM5 and IM6 deliver an uncompromising blend of performance, refinement, and range – offering drivers the freedom to go further in absolute comfort. This is the future of premium electric mobility, and we’re proud to bring it to Australia and further extend our EV offering to Australian drivers.”

Tesla was proudly proclaiming less than a year ago that it would be selling 20 million electric vehicles annually by 2030. Fast forward to today, and things have taken a sharp downturn. After seemingly abandoning this lofty goal mid-2024, the company has also seen its first annual sales decline in a decade. Now, Tesla’s sales are continuing to slide in several major markets, including Germany, Australia, and, of course, China.

Earlier this week, we reported that Tesla sales in Norway collapsed by 44.4% through January and February, despite the country’s overall EV market growing by 53.4%. Things are even worse in Germany. New data from the KBA – Germany’s Federal Motor Transport Authority – shows that in January 2025, Tesla sales plummeted by 59.5%, with just 1,277 new cars registered in the country.

Read: Tesla Sales Crash Up To 63% In European Markets, Is Musk Or New Model Y To Blame?

The situation only worsened in February. Sales were down a staggering 76.3% compared to February 2024, with just 1,429 units sold. Through January and February, Tesla has delivered 2,706 vehicles in Germany, marking a massive 70.6% drop from the same period last year. Tesla’s decline is even more pronounced when you consider that overall BEV sales in Germany climbed 30.8% in February.

Aussie Slowdown

Australia isn’t much better. Data from the nation’s Electric Vehicle Council shows that Tesla shifted 1,592 vehicles in February, a massive 71.9% decline from the 5,665 sold in February 2024. Through the first two months of the year, Tesla delivered 2,331 vehicles to Australians, a 65.5% decline from the 6,772 vehicles sold over the same two months in 2024.

It’s worth mentioning that the highly anticipated, heavily updated Model Y has just started being sold in Australia—though only in the premium (A$73,400) Launch Edition variant, with the standard version still unavailable. So, the sales slump isn’t entirely surprising.

Even so, the outgoing Model Y saw a 55.4% decline, shifting only 924 units. Meanwhile, sales of the refreshed Model 3 are down a dramatic 81.4%, with just 668 cars sold. It seems Australians aren’t quite as eager to embrace the “Tesla dream” as they once were.

Chinese Struggles

And then there’s China, where things are also looking grim for Tesla in one of its most important markets worldwide. Preliminary data from China’s Passenger Car Association reveals that Tesla built and sold 30,688 vehicles in February 2025—a 49.16% drop from the 60,365 cars moved in February 2024. This total includes both domestic sales and exports, but it’s clear that Tesla’s Chinese market share is shrinking. When you factor in competition from local EV manufacturers, the picture becomes even murkier.

It’s safe to say that Tesla’s global growth trajectory has hit some roadblocks. While the company remains a leader in the electric vehicle space, its once-unassailable dominance in key markets is showing signs of distress. Whether it’s product fatigue, the controversial nature of its CEO, market saturation, or just bad timing—especially with the transition surrounding its best-selling vehicle, the Model Y, the shine is definitely starting to wear off.