Update: OnePlus has clarified to Engadget that it will have one of the first 5G smartphones with Qualcomm Snapdragon 855 next year, and not the absolute first. We have updated our article to reflect this correction.​​​​​​​

OnePlus is well-known for building some stunning and affordable flagships and there was no doubt about the company’s use of the Snapdragon 855 in its next smartphone.

OnePlus is now looking to take the lead and compete with the bigwigs of the smartphone industry. Further, OnePlus has also revealed that it will be leading the 5G wave in Europe and has partnered with telecom giant EE to announce that its upcoming Snapdragon 855 SoC-powered will be the first 5G-ready smartphone to launch in Europe.

We are taking the next step in our journey to the top of the global flagship market! OnePlus and @EE will join forces to deliver a #5G ready flagship in early 2019. https://t.co/NYppNZ6nYF #SnapdragonSummit pic.twitter.com/bXo0hulRmo

Lau also revealed that the OnePlus 5G phone will be around $200-$300 expensive than their current lineup and the company is currently testing out other unique features that may help it justify the increased price tag. Also, the Chinese giant doesn’t expect to see huge sales for their 5G smartphone but instead, wants to be at par with its competitors.