ZACKS·2025-07-08 16:06Core Insights - XPeng Inc. has commenced deliveries of its G7 SUV shortly after its official launch, with local demand reportedly exceeding that of Tesla's Model Y [1][7] - The G7 is available in three variants, priced significantly lower than Tesla's Model Y, and has already received over 10,000 confirmed orders within minutes of its launch [2] - The G7 features XPeng's proprietary Turing AI chip, boasting the highest computing power in any smart EV to date [3] Product Details - The G7 comes in three variants: 602 Max (RMB 195,800), 702 Max (RMB 205,800), and 702 Ultra (RMB 225,800), making it more affordable compared to Tesla's Model Y, which starts at RMB 263,500 [2] - The G7's dimensions are 4,892 mm in length, 1,925 mm in width, and 1,655 mm in height, making it larger than the Model Y [3] Sales Projections - XPeng aims to sell approximately 100,000 G7 units annually, with a target of 55,000 units projected for the second half of 2025 [4][7] - In June, XPeng delivered 34,611 vehicles, achieving a total of 197,189 deliveries in the first half of the year, representing a 279% year-over-year increase [4]