This paper proposes a novel dual-consequent-pole Vernier memory machine (DCP-VMM) featuring alternatively arranged NdFeB and low coercive-force (LCF) magnet poles on the rotating and stationary sides, respectively. Due to the presence of LCF magnets that can be repetitively magnetized or demagnetized via a simple current pulse, the extra-high torque density at low-speed, and excellent high-efficient high-speed flux-weakening performance can be simultaneously realized. The configuration and operating principle, as well as the design considerations of the proposed machine are introduced, respectively. The finite element method (FEM) coupled with a nonlinear analytical hysteresis model for LCF magnets is employed to investigate the electromagnetic performance of the machine, which verifies the effectiveness of machine design and the feasibility as a competent candidate for automotive applications.