Active chassis dynamics control has become increasingly important in recent years for achieving high-level automated driving of intelligent electric vehicles. To improve tracking performance of the commonly-used model predictive control (MPC) in extreme scenarios, such as emergency lane changing, an improved MPC motion stability controller (MPC_ISMC) based on sliding mode variable structure active steering control and differential torque yaw control is proposed. Firstly, an MPC-based trajectory tracking controller is designed to track the desired trajectory. Subsequently, active front-wheel steering (AFS) and direct yaw moment (DYC) controllers are designed by using the backstepping sliding mode variable structure and the adaptive super-twisting sliding mode variable structure, respectively. Moreover, a cooperative control law for the AFS and the DYC is formulated by the smooth switching function and intervention intensity factor with respect to vehicle stable state and trajectory tracking error. After that, a torque distribution scheme of four wheels is optimized to achieve the additional yaw moment target. Finally, the effectiveness of the proposed cooperative control strategy is validated using a hardware-in-the-loop platform. The results indicate that the proposed controller has better performance in trajectory tracking and vehicle stability under extreme conditions compared with traditional MPC and other methods.