Reportedly, Xiaomi plans to leverage the Snapdragon 8 Gen 1 Plus for half a dozen smartphones. The list includes the Redmi K50S Pro, along with the Xiaomi 12T Pro, which should both be cheaper alternatives to the upcoming 12 Ultra and MIX Fold 2.
https://www.notebookcheck.net/Xiaomi-to-release-up-to-six-smartphones-with-the-Qualcomm-Snapdragon-8-Gen-1-Plus-chipset.615613.0.html