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OnePlus Ace 5 Ultra and Ace 5 Racing Edition launched, they might show up in India later

OnePlus Ace 5 Ultra and Ace 5 Racing Edition launched, they might show up in India later

India Today3 days ago

While the world awaits the OnePlus 13s to make its official debut, OnePlus has taken a slightly different route — quietly launching two new 5G phones in China under its Ace 5 lineup. These are the OnePlus Ace 5 Ultra and the Ace 5 Racing Edition. Both phones are powered by MediaTek's latest Dimensity 9400 series chipsets and come with solid hardware across the board — big batteries, fast charging, and high refresh rate AMOLED displays. And here's where it gets interesting: while the Ace series usually stays exclusive to China, one of these two devices is rumoured to launch in India as the Nord 5.advertisementOnePlus Ace 5 Ultra, Ace 5 Racing Edition: Price and availabilityThe OnePlus Ace 5 Racing Edition is the more affordable of the two, starting at CNY 1,799 (roughly Rs 21,300) for the base 12GB RAM + 256GB storage variant. It goes up to CNY 2,499 (roughly Rs 29,600) for the 16GB RAM + 512GB storage model.The OnePlus Ace 5 Ultra is positioned as the higher-end device. Its pricing starts at CNY 2,499 (roughly Rs 29,600) for the 12GB RAM + 256GB storage option and goes up to CNY 3,799 (roughly Rs 45,000) for the top-end model with 16GB RAM and a whopping 1TB of storage.
Both phones are already on sale in China. While there's no word yet on a global launch, rumours hint that one of these two phones might launch in India as the Nord 5. However, OnePlus hasn't officially confirmed this yet.OnePlus Ace 5 Ultra, Ace 5 Racing Edition: Specs and key featuresadvertisementThe OnePlus Ace 5 Ultra comes with a 6.83-inch AMOLED display featuring a variable refresh rate that goes up to 144Hz and a 1.5K resolution. It supports a peak brightness of up to 1,400 nits. Under the hood, there's the Dimensity 9400+ chip, paired with up to 16GB RAM and 1TB of UFS 4.0 storage. You get a 50-megapixel Sony IMX906 primary rear camera, paired with an 8-megapixel ultra-wide lens, and 4K 60fps video recording. There's also a 16-megapixel front camera for selfies.The Ace 5 Ultra runs ColorOS 15 atop Android 15, and features a 6,700mAh battery with support for 100W fast charging. You also get features like an in-display fingerprint sensor, stereo speakers, and Wi-Fi 7.Meanwhile, the OnePlus Ace 5 Racing Edition gets a slightly smaller 6.77-inch AMOLED screen with a FHD+ resolution, a 120Hz refresh rate and 1,300 nits brightness. It's powered by the Dimensity 9400e, and paired with up to 16GB RAM and 512GB storage. The camera setup is more basic here, with a 50-megapixel primary sensor and a 2-megapixel monochrome sensor. It still supports 4K 60fps video, and has the same 16-megapixel front camera.The Ace 5 Racing Edition's big highlight is its 7,100mAh battery, the largest in any OnePlus phone to date, paired with 80W fast charging. Other features like ColorOS 15 based on Android 15, Wi-Fi 7, stereo speakers, and an in-display fingerprint scanner remain the same as the Ultra.

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Ather Energy betters Q4 results where Ola Electric falters
Ather Energy betters Q4 results where Ola Electric falters

Time of India

time7 minutes ago

  • Time of India

Ather Energy betters Q4 results where Ola Electric falters

Ola Electric experienced a significant downturn in the March quarter, with revenue declining by 62% to Rs 611 crore and losses doubling to Rs 870 crore, attributed to registration process issues. In contrast, Ather Energy reported a 29% increase in operating revenue to Rs 676.1 crore and narrowed its losses by 17%. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The once industry leader, Ola Electric , reported a dismal March quarter, with a sizeable fall in its revenue and losses expanding twofold. In comparison, the recently listed Ather Energy posted a decent improvement in financials for the the quarter ended March, the Bhavish Aggarwal-led electric scooter maker reported a 62% decline in sales to Rs 611 crore, a precursor to the decline in market share two months later. The EV maker saw its loss double to Rs 870 crore, from Rs 416 crore in the year-ago Electric's financials were impacted by a one-time issue with the registration process, founder Bhavish Aggarwal on an earnings call. In February, Vahan data showed only 8,652 registrations for Ola Electric, while the company claimed sales of 25,000 units in its filings. The discrepancy was attributed to a temporary backlog caused by ongoing contract renegotiations with registration service providers Rosmerta and Shimnit India. The issues have been resolved in the current quarter, the CEO the only other listed pure-play electric two-wheeler manufacturer, reported a 29% increase in operating revenue to Rs 676.1 crore, up from Rs 523.4 crore in the same period last year. Its losses narrowed 17% year-on-year (YoY) to Rs 234.4 crore on the back of rising volumes and improved Electric had the lead in units sold at 51,375 scooters, but Ather managed a close 47,411 units. While the former has started deliveries on its Roadster X motorcycles, Ather is working on developing its own line, funded by a part of its IPO proceeds Ola Electric managed to reduce expenses by 31.6% to Rs 1,306 crore, largely due to a nearly Rs 1,000 crore cut in material costs. Ather on the other hand saw expenses rise 12.6% to Rs 922.2 crore from Rs 818.7 crore a year ago, mainly due to higher material costs, even as employee benefit expenses declined 29% to Rs 109.1 Ola S1 maker has guided for a better June quarter, though. 'If you look at our Q1 outlook, we are sharing a revenue forecast of about Rs 800-850 crore, about 65,000 deliveries and a gross margin of about 28–30%, which is much higher than Q4,' said Aggarwal in a post-earnings company will be careful with allocating capital and managing risk, Aggarwal had is targeting profitability, going forward. 'I think (there are) very strong levers for operating leverage in the coming quarters, which will hopefully get us to profitability soon. For us, profitability could happen at a lower scale than some of the other peers, given our more capital-light and more capital-efficient approach on business overall,' cofounder Tarun Mehta had said.

Gensol misses May payment for loan on BluSmart cabs: Report
Gensol misses May payment for loan on BluSmart cabs: Report

India Today

time25 minutes ago

  • India Today

Gensol misses May payment for loan on BluSmart cabs: Report

Gensol Engineering, promoted by two of the founders of electric mobility firm BluSmart, has missed a payment of about Rs 4 crore to its pass-through certificate (PTC) holders this month, reported The Economic Times (ET). The last successful repayment was made in April, said people familiar with the matter. Gensol had raised funds by issuing PTCs, which were offered to retail investors on the online platform Grip Invest. PTCs are loans given in exchange for an underlying asset, in this case, vehicles that run on the BluSmart loans were to be repaid using the cash earned by these electric cabs. But after BluSmart shut down its cab services and ongoing talks with Uber and other fleet operators failed to move ahead, repayments became Invest founder Nikhil Aggarwal confirmed the missed payment as quoted in the report. He said Gensol had raised a total of Rs 5.6 crore through the PTCs. So far, 56% of the principal has been repaid, but an amount of Rs 4.04 crore is still loans were secured against 76 electric vehicles. These vehicles are no longer in operation, as BluSmart has stopped its May 29, the Delhi High Court passed a final order, giving possession of these vehicles to the lessor, Vriksh Advisors, a subsidiary of Grip Invest. The court also allowed Vriksh to sell, operate or lease the vehicles. Aggarwal told ET that the vehicles have been inspected and found to be in good said Vriksh Advisors is now working on setting up charging stations and is in talks with fleet operators to re-deploy these vehicles on ride-sharing an industry insider pointed out that even if the vehicles begin running again, the terms of the original PTC agreement may change. He explained that revenues, commissions and pricing would differ on other platforms, and so the repayment plan would also need to be told ET that Vriksh Advisors is trying to find the best buyer or operator for the vehicles, in the hope that proceeds from the lease or sale will help repay the pending loan amounts.'People invested in BluSmart bonds and PTCs because they believed in the cab service, which had a good brand image, and they were also drawn by the high returns,' one investor told to a credit rating report issued by Care Edge Ratings on Tuesday, the bonds were issued in 2023, were due to mature in 2027, and offered a return of 13.6%.ET had earlier reported on April 21 that many BluSmart investors were expecting defaults on the bonds they had purchased through platforms like Yubi and Centricity. BluSmart had issued over Rs 100 crore worth of bonds over the past year. Of this, investors said that more than Rs 80 crore worth of non-convertible debentures (NCDs) are still due for troubles come as Gensol Engineering's promoters, brothers Anmol Singh Jaggi and Puneet Singh Jaggi, are under investigation. They are accused of diverting company funds for personal use. BluSmart has already stopped operations, and Gensol's bank accounts have been frozen following orders from the National Company Law Tribunal (NCLT) in Indian Renewable Energy Development Agency (Ireda), a government-run lender, said last week that it has moved the Debt Recovery Tribunal in Delhi against Gensol Engineering and its arm Gensol EV Lease, over a default of about Rs 729 crore. Ireda had earlier also filed an insolvency case against crisis began after market regulator Sebi launched a probe into Gensol Engineering following a stock manipulation complaint it received in June 2024. Sebi's investigation revealed that the Jaggi brothers had allegedly used loans meant for buying electric vehicles for personal In advertisement

From Rs 6 lakh to Rs 18 lakh to Rs 0 salary in one month: Indian techie shares heartbreaking job loss story
From Rs 6 lakh to Rs 18 lakh to Rs 0 salary in one month: Indian techie shares heartbreaking job loss story

Time of India

time33 minutes ago

  • Time of India

From Rs 6 lakh to Rs 18 lakh to Rs 0 salary in one month: Indian techie shares heartbreaking job loss story

In recent times, Reddit has become a popular place where people share real stories about their jobs. One such post by an Indian techie caught everyone's attention. He shared how his dream job at a US-based startup was taken away just days before he was supposed to start. His story is about hope, hard work, and an unexpected job loss. This young full-stack developer was working at an Indian startup, earning Rs 6 lakh per year. After a lot of effort, he got an offer from a US company that promised to pay him Rs 18 lakh per year. It seemed like a dream come true—but sadly, things didn't go as planned. From Rs 6 LPA to Rs 18 LPA: A huge salary jump The developer said he had worked hard and learned a lot in his first job. When he received the US job offer, it felt like all his hard work was finally paying off. 'I was a full-stack dev earning Rs 6 LPA. After a lot of hard work, I got an offer from a US startup with Rs 18 LPA,' he wrote. Excited about the opportunity, he resigned from his current job, completed all the joining steps for the new one, and served his notice period. But just before his joining date, things took a shocking turn. Job offer cancelled at the last moment Just as he was ready to begin the new role, the US startup informed him that they had to cancel the offer. They said it was due to changes in their company plans. But the techie believes they might have hired someone else instead. 'I saw a new person join their Slack group before I got the mail. I can't say for sure, but it felt like I was replaced,' he said. This left him without a job or any backup plan. 15 days' pay offered, but the pain remains The company gave him 15 days' pay as a kind gesture. But that didn't make things easier. 'Now I'm jobless. I've been applying non-stop, but getting no replies. It's been a hard fall—from a high to a low in just days,' he added. Life in startups: Big learning, but no stability The Indian techie had worked only with startups so far. While he learned a lot, he also realised that startup jobs can be risky. 'This would have been my third company. I want more stability now. A place where I can work for 2-3 years and grow,' he said. He also mentioned that he is always ready to learn and improve, but this time he wants some job security too. Here's the Reddit post Reddit community offers support and advice Many users on Reddit praised him for sharing his story. Some gave useful advice, while others related to his situation. Top suggestions from the community: 'Make a post on linkedin regarding this and mention you are available to join next day. Nice post btw, didn't feel like you were crying or something.' 'This is a bad situation. Those companies should be sued, but the government is not doing enough.' 'Can you send me your resume on DM? We have some openings for SWE-1 in our org I can try and help' 'It's okay, you've got the necessary skills, so you'll make it. Don't worry!' What can we learn from this? This story is a wake-up call for many young professionals: Don't resign until your new job is fully confirmed. Always research new companies before joining, especially startups. Keep some savings in case things go wrong. Build a strong network on LinkedIn, Twitter, or Reddit for support. Stay strong, stay prepared Many Indian techies aim for better jobs abroad or in high-paying startups. But this story shows that it's important to be ready for surprises too. A good salary is great—but job security and peace of mind matter just as much. If you're in a similar situation, don't lose hope. Keep applying, stay active on LinkedIn, talk to people in the industry, and most importantly, believe in yourself. And if you can help someone like this techie—with a referral, a job lead, or just some kind words—do it. It could make a big difference. To stay updated on the stories that are going viral, follow Indiatimes Trending.

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