The Nord is OnePlus' inaugural midrange phone from a brand-new line by the same name. Here's how it stacks up against flagship handsets for this year: the OnePlus 8 and OnePlus 8 Pro.

OnePlus unveiled its more affordable Nord handset on Tuesday, marking the official launch of a brand-new phone line that company executives have described as a "new beginning" for the Chinese phone maker. It comes about three months after OnePlus debuted its flagship line for the year, the OnePlus 8 series, amid the coronavirus pandemic.

OnePlus hasn't given exact pricing details yet, but it has said that the Nord will cost under 500 euros, allowing more cost-conscious shoppers to get their hands on a OnePlus phone without breaking the bank, after the company has steadily increasing its phones' price tags over the years. It's also a possible indicator that OnePlus is heading in a more affordable direction when it comes to pricing its phones. This year's OnePlus 8 and 8 Pro, which start at $699 and $899, respectively, are some of the company's most expensive handsets to date. While that's still below the $1,000 mark, it's a far cry from the $299 price tag of 2014's OnePlus One, which was the company's first device.