An industry insider just confirmed that OnePlus is expected to release two new budget smartphones in October 2020. Both phones are billed to be a part of OnePlus' Nord series and are called the OnePlus Nord N10 5G and Nord N100. The devices are expected to hit international markets like the United States and cost between US$200 to US$300.
https://www.notebookcheck.net/Low-cost-OnePlus-Nord-N10-5G-and-OnePlus-Nord-N100-to-be-launched-later-this-month.496771.0.html