EV Daily | Tesla's Affordable Model Y Variant and Xpeng's G7 Compete in Budget EV Market

【Tesla】

A new Tesla prototype resembling a Model Y has sparked speculation among shareholders. It may be a smaller, stripped-down, more affordable version of the Model Y. Confusion exists around a canceled $25,000 Tesla model, as Elon Musk had earlier canceled two cheaper vehicles. Instead, Tesla is focusing on producing new vehicles on the Model 3/Y platform to combat demand issues. Tesla's latest earnings call reinforced these plans, confirming the development of affordable models similar to Model 3 and Model Y. These new variants aim to maintain production line utilization amid decreasing demand. Tesla confirmed 384,000 deliveries in Q2 2025, and its recent launches include the Oasis Supercharger with solar farm and off-grid batteries, and unveiling of its LFP battery factory.

【Xpeng】

Xpeng has launched the G7, a new electric vehicle positioned as a competitor to Tesla's Model Y, priced at $27,000.

【Others】

Aventon is offering discounts on their e-bikes during the 4th of July Sale, including the Pace 4 Step-Through Cruiser e-bike, with theft-deterring features, and other models like the Aventure 2 All-Terrain e-bike. Bluetti introduced its Elite 100 V2 Portable Power Station with significant discounts. Velotric's Fold 1 Lite e-bike received a price cut, making it more accessible. Rad Power Bikes has reduced the price of the RadTrike during their 4th of July Sale. Worx and Kärcher also offer discounts on their tools and appliances. Heybike launched the new Galaxy Series, consisting of five e-bikes for various purposes, featuring their self-developed Galaxy eDrive System, mid-drive motors, and advanced components. The bikes come with a focus on high-quality design and eco-friendly packaging. China has experienced a significant surge in electric bicycle sales due to a trade-in program, boosting sales significantly and reshaping the market with a focus on higher-quality models.