Redmi has just announced the Redmi K30 5G Racing Edition. But asides from that, the Chinese brand is also set to launch a new 5G smartphone this month.

According to information from Lu Weibing, the General Manager of the Redmi brand, and Wang Teng, the Redmi Product Director, the brand will use the MediaTek Dimensity 800 5G chip soon. The Dimensity 800 5G chip is MediaTek’s dual-mode 5G chip for the mid-market.

Considering the fact that the Dimensity 800 chip is quite cheap, the new smartphone may be the cheapest 5G device from Redmi out there. We do not yet know what the name of the device will be. However, according to sources, it will be in the Note 9 or Note 10 series. If the device launches in standard and Pro versions, then the former may use the Dimensity 800 chip while the latter uses the Dimensity 800+ chip.

There is no official information yet from Redmi about which device will use the Dimensity 800 SoC. In fact, with the rate at which Xiaomi has been rebranding its smartphones, we cannot tell if it will just be a rebranding of an older phone.

The new Redmi Note series may come with a price range of 1599 Yuan ($225) – 1999 Yuan ($282). This would probably make it cheaper than the Redmi K30 5G Racing Edition with its 1,999 Yuan ($282) price tag.