The G2 Lite (model number LG D295) is smaller than the G2 mini, while also offering less advanced features. For starters, its display is a 4.5-inch one with 480 x 800 pixels, so we can already conclude that we’re dealing with an entry-level handset here. The G2 Lite further features dual SIM capabilities, a quad-core 1.2 GHz Qualcomm Snapdragon 200 (MSM-8212) processor, 1 GB of RAM, 4 GB of expandable internal memory, and a 1900 mAh battery. The smartphone has an 8 MP rear camera, and a VGA front-facing camera. It seems to us that this G2 Lite is nothing more than a rebranded LG L Fino, which was officially announced last month.
The G2 Lite should be available in Brazil pretty soon, running Android 4.4 KitKat out of the box. It will cost 615 Brazilian Reais, which means about $269. Mind you, smartphone prices in Brazil are higher than in most other countries (for example, last year’s Motorola Moto G costs around $300 there). The G2 Lite / LG L Fino will be available in other markets in the near future, though you shouldn't expect to see it in North America.