Super Hybrids arrive as an alternative to Toyota's dominance
The new Super Hybrid term, used by Chinese brands such as Geely, Chery and MG, attempts to rebrand plug-in hybrid electric vehicles (PHEVs) as a more powerful and capable cousin to regular hybrid vehicles offered by the likes of Toyota.
It's a great idea.
PHEVs have struggled to cut through the noise in Australia market, and may not have been helped by brands like Mitsubishi putting huge 'EV' badges on cars that also require petrol.
Recognising the runaway success of conventional hybrids such as Toyota's RAV4, Camry and Corolla, Chinese brands have ditched PHEV terminology in favour of 'Super Hybrid', reflecting the superior power, efficiency and range – as well as the higher price – of plug-in hybrid models.
Geely is about to launch its first Super Hybrid in Australia, giving the brand a petrol-electric alternative to the only other car in its showrooms, the battery-powered EX5.
Sold in China as the Starship 7, Geely's contender is known as the Starray EM-i.
That stands for E-Motive Intelligence, which makes it sound like this wagon is particularly sensitive to thoughts, feelings, and the emotional wake it leaves in the river of life.
You can see why marketing departments have banded together to make 'Super Hybrid' happen.
MORE: Geely EX5 arrives in Australia
Geely says the Starray's 'Super Hybrid' technology combines a 1.5-litre, 73kW/125Nm petrol engine with a 160kW/262Nm electric motor to send a combined 193kW of power to the front wheels.
That last one is a big number.
The hybrid system is fuelled by a 50L petrol tank and an 18.4kWh battery that deliver almost 950km of driving range, and 2.4L/100km claimed efficiency.
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Like all plug-in hybrids, that fuel figure is not an accurate reflection of what you will see in the real world. Official fuel economy figures come from a standardised test run in controlled conditions on the car equivalent of a treadmill for a short distance.
The Geely has up to 80 km of electric range with a fully charged battery, so if you drive for short trips, you might not use any petrol at all.
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But longer trips – or journeys that start without a fully charged battery – will drain the fuel tank.
The Starray will be available with luxury touches including a panoramic sunroof, massive touchscreen, and seats that are both heated and cooled.
Geely hasn't announced prices for the machine, which should cost less than $50,000 when it arrives later this year.
MORE: Chinese car makers caught in cash scandal
The brand hopes Aussies will be more than familiar with 'Super Hybrids' by the time it arrives, thanks to rival companies that have already rebranded PHEV machines such as the
MG HS Super Hybrid.
The standard MG HS petrol model makes 125kW and 275Nm, the regular hybrid has 165kW and 340Nm of combined power, while the Super Hybrid offers 220kW and 350Nm.
On the fuel efficiency front, the petrol MG claims 6.9L/100km efficiency, the hybrid uses 5.2L/100km and the Super Hybrid claims a fanciful 0.7L/100km.
MORE: What is the best car of the 21st century?
That's because the plug-in hybrid model has a 24.7kWh battery with 120km of electric range, so if you start each journey with a fully charged battery and a full tank of fuel, you won't use much petrol at all – but if you don't plug the car in, you can expect to use far more petrol than it's sticker suggests.
In MG's case, the standard HS starts from about $36,000 drive-away, while the conventional Hybrid+ model is $32,990 drive-away and the Super Hybrid is $50,990 drive-away.
Drivers who want a bigger car – for less money – can consider the seven-seat Chery Tiggo 8 Super Hybrid.
The Chery combines a 1.5-litre four-cylinder turbo petrol engine that makes 105kW/215Nm with an 18.4kWh battery and an electric motor that has 150kW/310Nm, claiming 1.3L/100km efficiency and 1200km of combined range.
It starts from $45,990 drive-away, which isn't a huge step up from a petrol Chery Tiggo 8 that costs $38,990 drive-away and uses 8.1L/100km to make 180kW and 375Nm. Read related topics: China Ties Life
Australia's answer to the dramatic sci-fi universe Westworld has been unveiled and it has to be seen to be believed. Life
The battle for the dollar of the everyday Aussie between some of China's biggest manufacturers has exploded amid profanity-laced tirades and accusations of copycat products.

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SBS Australia
41 minutes ago
- SBS Australia
Over $93 million: Why banks are paying back low-income customers
Banks charging excessive fees to low-income Australians have committed to paying back another $60 million to more than 770,000 customers across the country. The commitment is part of a broader review into financial harm incurred through dishonour, overdraw and account-keeping fees on transaction accounts, released by the Australian Securities and Investments Commission (ASIC) on Tuesday. Following the latest review, banks have now committed to paying more than $93 million in total refunds to more than 920,000 low-income customers. "Despite the improvements banks have made during our surveillance, there is clearly work to be done," ASIC chair Joe Longo said. "It should not take an ASIC review to force $93 million in refunds or make banks assess their processes to ensure the trust and expectations placed in them are justified." Last July, ASIC released a report highlighting excessive fees charged through transaction accounts to low-income First Nations customers, finding at least two million who relied on Centrelink payments had been kept in high-fee accounts. The report also included action taken by the four participating banks — ANZ, Bendigo Bank, Commonwealth Bank of Australia (CBA) and Westpac — including promises of $28 million in refunds and the migration of over 200,000 low-income customers from high to low-fee accounts. Banking practices 'A much wider problem' ASIC's latest report casts a broader net over the banking sector, reviewing the products and processes across 21 banks, including the same four banks as its previous report. Among the other banks included were AMP, Bank Australia, Macquarie, National Australia Bank and Suncorp Bank. It's understood responses were sought from the banks, including how they were responding to recommendations from ASIC's earlier report. "What started as an initiative focused on addressing avoidable bank fees for low-income customers in regional and remote locations, particularly First Nations consumers, revealed a much wider problem affecting customers nationwide," ASIC commissioner Alan Kirkland said. What did the 2025 report find? According to the latest report, the four banks have paid over $33 million in refunds to the cohort of customers from the previous report — an increase on the $28 million that was promised. The banks also committed to over $60 million in further refunds to more low-income consumers. This includes three of the four participating banks — ANZ, Bendigo Bank and Westpac — committing to around $57 million in further refunds to over 730,000 customers. The approach of these banks was varied, including the types of accounts and fees subject to remediation. Seven additional banks committed to paying back $3.6 million, benefiting an extra 45,000 customers. When it comes to improving customer access to low-fee accounts, ASIC said three of the participating banks had worked to migrate over 815,000 more low-income customers from high to low-fee accounts. This included Westpac, ANZ and Bendigo Bank, while CBA was planning to launch a new nominal fee account. Seven additional banks had reviewed and improved their migration processes, while an extra nine had made it easier to access low-fee accounts, ASIC said. This includes five banks removing the requirement to attend a bank branch to show a Commonwealth Seniors Health Care Card, Health Care Card or Pensioner Concession Card. Nine additional banks have also improved their internal processes to serve First Nations customers, the report says. This included six banks collecting information on customers who identified as Aboriginal and/or Torres Strait Islander to inform their service delivery. "Our intervention has forced many banks to take action, but more needs to be done to ensure financially vulnerable consumers are not put in this position again," Kirkland said. "We encourage consumers to challenge their banks to ensure that they are in the best account for their needs. More importantly, we encourage banks to do more to proactively identify low-income customers and move them to low-fee accounts." How have banks responded? A spokesperson for ANZ said it has implemented a number of changes since ASIC's first report last year. "As part of our further work, ANZ has also taken a deliberate decision to expand our remediation payments, leading to a larger cohort of customers being refunded fees and interest. This applies to a broad set of customers, not just First Nations customers," they said. "ANZ believes taking an expansive approach to remediation is the right thing to do. We've already refunded thousands of customers and expect these payments to be completed by mid 2026." Also among ANZ's changes are automatically moving customers who receive particular payments into an ANZ account into a low-fee account, unless they prefer otherwise, improvements to its account opening process for these customers and setting up a dedicated support line for First Nations customers. A spokesperson for CBA said it "acknowledges ASIC's concerns and the importance of fair and accessible banking for vulnerable and concession customers". They said CBA had paid over $25 million to approximately 87,000 First Nations concession customer accounts in "goodwill payments" — not as remediation for any contraventions. Approximately $270 million in fees charged to about 2.2 million low-income customers between July 2019 and October 2024, referenced in the report, were "disclosed to customers and were charged in accordance with their terms and conditions," the spokesperson said. "The concession customer group is a diverse cohort, including customers with varying levels of income, savings and home ownership. "Our approach focuses on delivering suitable options for this broad range of needs, providing sustainable, full-service banking for all Australians — particularly those in regional and remote communities." The spokesperson said plans to migrate customers to its new nominal account are "temporarily paused pending the consideration by the ACCC of the proposed new authorisation for the Banking Code of Practice". SBS News also contacted Westpac and Bendigo Bank for comment.

ABC News
41 minutes ago
- ABC News
Analysts say 'greed is good' is back, as euphoria emerges in global financial markets
Analysts say global financial markets are entering a euphoric but potentially dangerous speculative phase. Such phases are typically characterised by investor mania for so-called meme stocks, made popular on the share market by social media posts. But investors are also chasing after cryptocurrencies, gold and small-cap stocks, or stocks with relatively low prices. Adelaide woman Lisa, who only wants to use her first name for privacy reasons, buys so-called penny stocks in small companies trading on the share market. She trades stocks in the resources, information technology and pharmaceuticals sectors. "And also because of their small nature, often they're overlooked by the larger managed funds, superannuation funds, for example." Lisa first bought $500 worth of shares in 2001, and now has a $100,000 share market portfolio returning 18 per cent per annum. A typical stock market return, according to analysts, is anywhere between 7 and 10 per cent per annum. Lisa shares trading ideas with other investors on several social media platforms. "One of my favourites would be Straw Man, which is a private investors club where people share ideas of companies that they've researched," she said. "I also look at a couple of others like Hot Copper, Inside Trader, The Motley Fool and MSN News, occasionally, just to give me ideas, and then I'll take those ideas and do my own research." In January 2021, retail investors bought American meme stock GameStop, after positive reviews of the company went viral in an online investing forum on Reddie . Marcus Today senior portfolio manager Henry Jennings said this type of frenzied trading activity was popping up again. "Shorting" stocks is when big investment firms borrow stocks they see as overpriced, only to sell them. They buy the stock after the share price falls, and return it to the owner, having made a profit. GameStop was being heavily shorted in the market in 2001, so when retail investors bought it up, the big investment firms started to lose money on their "shorts" as the price stopped falling and began rising. "And if there's enough of them, do that at one particular time, they can push stocks to outrageous gains and outrageous moves," Mr Jennings said. "So it is, I guess, a sign of irrational exuberance to some extent." Roger Montgomery, who runs Montgomery Investment Management, is also seeing meme-stock mania. "Last week we saw, for example, the share prices of Wendy's, GoPro and others jump," he said. "I think Krispy Kreme was the other one to jump by as much as 80 per cent just in a couple of days. "That's telling you that things are getting a little bit hot again." Mr Jennings warned investor euphoria is taking hold again in financial markets, making "Star Entertainment look like a Sunday afternoon bongo club." "I guess primarily the reason is the animal spirits are running pretty hot at the moment," he said. "You know, we've got markets around the world at all-time highs. "Despite the news from tariffs, the optimism is high, but Trump is making America great again and greed is good. While that may sound concerning, Mr Montgomery said investors were buoyed by the amount of cash coming from central banks. He said this was supporting stocks and other financial markets' assets. "The Chinese Central Bank has injected something like 10 trillion renminbi into the market over the last six months," Mr Montgomery said. "And because there could be a slowing economy from Trump's tariffs, the US Federal Reserve is expected to engage in Quantitative Easing [money printing], or more Machiavellian versions of that, and inject more liquidity into the market as well." There is, however, no shortage of risk facing investors across the globe. Analysts point to problems from US President Donald Trump's Big Beautiful Bill, uncertainty around global tariffs, and the health of China's economy — all of which have the potential to drag markets down again. Rising bond yields, which can hurt stock prices, are also a concern. But Mr Jennings said the risks investors did not see presented the most danger to financial markets and the economy. "It's not really the risks that you can see that are going to trap us and trip us up," he said. "It's the ones that you can't see. Locally, Australian companies are yet to report their full-year earnings for the 2024/25 financial year, so analysts are not yet able to compare stock prices to recent valuations. But the ABC understands the broad expectation is that Australian companies will remain profitable. There is also hope of several interest rate cuts, which would boost overall demand in the economy by early next year. Lisa, for one, is holding onto her stocks. "Even if they're down for six months, a year, two years, they will go back up again to what they were at, [or] … above what their previous high was." Australian investors may also react to second-quarter inflation figures due from the Bureau of Statistics on Wednesday, which could determine whether the Reserve Bank cuts interest rates again next month.

ABC News
41 minutes ago
- ABC News
Donald Trump says he plans to increase US's 10pc 'baseline' tariff to 15-20pc
Donald Trump says the minimum tariff imposed on the US's trading partners, including Australia, could soon double. Speaking at a press conference in Scotland, the US president said he was planning a new tariff "for the world". Asked how high it would be, he said: "I would say it'll be somewhere in the 15 to 20 per cent range." "I just want to be nice," he said. "Probably one of those two numbers." Most of the US's trading partners, including Australia, are currently subject to America's 10 per cent "baseline" tariff. Mr Trump announced higher "reciprocal" tariffs for many countries in April. However, they are not in effect because Mr Trump paused them to allow time to negotiate new trade deals. Australia was not hit with a higher "reciprocal" tariff. But Mr Trump's comments in Scotland suggest Australian exports could be hit with the new, higher world tariff. "We're going to be setting a tariff for, essentially, the rest of the world," he said. "That's what they're going to pay if they want to do business in the United States, because you can't sit down and make 200 deals." The ABC has requested further detail from the Trump administration but has not yet received a response. Before Mr Trump announced his sweeping tariff plans on "Liberation Day" in April, Australia had been trying to negotiate an exemption from tariffs. Prime Minister Anthony Albanese has said the Australia-US free trade agreement, and Australia's longstanding trade deficit with the US, means there should be no tariff on Australian imports. But the US has taken issue with what it calls "non-tariff barriers" to trade with Australia. They include requirements for social media platforms to pay Australian media outlets for news content, and the Pharmaceutical Benefits Scheme that requires drug-makers to negotiate prices with the government rather than individual buyers. In his April tariffs announcement, Mr Trump also criticised biosecurity controls that blocked the sale of American beef to Australia. Last week, the Australian government said it was lifting those restrictions.