Alongside the Mi 11 Ultra and Mi 11 Pro, Xiaomi has also unveiled a budget-centric 5G smartphone at its virtual launch event today. The Mi 11 Lite 5G is the world’s first smartphone with the new Snapdragon 780G chipset under the hood. It boasts a design similar to the flagship Mi 11 smartphone from last year. Here’s everything you need to know about the Mi 11 Lite 5G:

The smartphone features an AG frosted glass panel on the rear and a 6.55-inch Full-HD+ AMOLED display on the front. The panel boasts a 2400 x 1080-pixel resolution, 90Hz refresh rate, 240Hz touch sampling rate, DCI-P3 color gamut, Dolby Vision, and HDR10+ certification. The device is only 6.81mm in thickness and weighs merely 159 grams.

There’s a triple camera system on the rear, helmed by a 64MP primary sensor. You also have an 8MP ultra-wide lens with a 119-degree FOV and a 5MP telephoto macro camera (same as the Redmi Note 10 Pro Max) onboard. The punch-hole cutout on the front includes a 20MP selfie camera.

The 8GB+128GB base variant of Mi 11 Lite 5G is priced at CNY 2,299 (~Rs. 25,500) while the higher-end 8GB+256GB variant has been priced at CNY 2,599 (~Rs. 28,775) in China.