The OnePlus 2 is one of the most anticipated devices of 2015, but it may not be the only new phone coming from the company this year. A new report from Bloomberg suggest the Chinese firm could also be working on a cheaper option as well.

Bloomberg reporter Rosalind Chin claims that the OnePlus 2 is set to launch in the third quarter of 2015, adding that a budget-friendly alternative is “due for release by the end of the year.” It’s unclear who at OnePlus confirmed the news, but the fact that the entire thing is revealed in a video filmed at the phone maker’s Chinese headquarters suggests this may be more than just a rumor.

The OnePlus 2 is expected to feature a similar design to the flagship One, while adding an updated processor, a 5.5-inch 2K display, and a bigger battery according to one recent report. We’ve also heard rumors that the new phone could feature a high-tech biometric scanner, potentially driving up the price compared to last year’s model. If that’s the case, it makes sense for the company to offer a cheaper option as well. Maybe a OnePlus One Mini?

Either way, it could be a while before OnePlus announces its next smartphone. The OnePlus 2 may not arrive until the fall, and the cheaper handset could take even longer. Hopefully we’ll learn more soon.