Previously it was leaked that the new Xiaomi Redmi K30 would be the Speed Edition, it appears something got lost in translation, and the new phone is officially called Redmi K30 5G Racing Edition.

This will be the first phone to feature the brand new Qualcomm Snapdragon 768G chipset which will offer up to 15% performance improvements from the previous Snapdragon 765g.

The all-new Snapdragon 768G chipset which is built on a 7nm EUV process and has an integrated Snapdragon X52 modem that supports dual-mode 5G (SA and NSA) with MultiLink. It has an octa-core configuration, with the Prime Kryo 475 core clocked up to 2.8GHz instead of 2.4GHz.

All the other specs stay the same, including a  6.67-inch FHD+ IPS display with an oval punch-hole cutout for the 20MP selfie shooter and 2MP depth sensor. The back features a circular camera cutout housing the Sony IMX686 64MP main lens alongside the 8MP ultrawide and 5MP macro lenses. The battery comes in at 4,500mAh and supports 30W fast wired charging.

The Redmi K30 5G Racing Edition is already up for reservation in China for CNY 2,000 (£228/$282) in a single 6 GB RAM and 128GB storage configuration. Official sales are scheduled to begin on May 14.

None of the Redmi K30 phones has landed in the UK officially, but the Redmi K30 Pro will be launched tomorrow as the Poco F2 Pro. The Redmi K30 5G is available via grey import on eBay for as low as £224.