OnePlus 8 series launch event just announced recently meanwhile, the OnePlus 8 lite first look renders are revealed earlier seems that OnePlus working on the midrange flagships which is expected to be priced around Rs. 20,000 price segment. Similarly, OnePlus launched the mid-range flagships in their earlier period with the launch of OnePlus X. After that, OnePlus launched only flagship devices with an increasing price range each year.  Now OnePlus again planned to bring the mid-range price segment mobiles like OnePlus X so for that OnePlus might bring up the new series and which is be likely, named as OnePlus Z.  
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According to Max Weinbach, the source referred as OnePlus Z hardware matches with the OnePlus 8 Lite render designs. Also, Ishan Agarwal indeed confirmed that the OnePlus Z series smartphone will be launched later this year and it could an OnePlus midrange price segment smartphone around Rs. 25,000. So, OnePlus 8 Lite can be launched as OnePlus Z and we can expect the same specs & features of OnePlus 8 Lite. 

OnePlus 8 Lite Specifications

The OnePlus 8 Lite roughly measures in 159.2*74*8.6mm dimension and the rear panel made of curved glass design in gradient blue color variant as per the renders. The display sport 6.4-inch to 6.5-inch approximately also, its possibly based on super AMOLED display but it has flat type not a curved display at sides. However, the rear panel doesn’t exists with physical fingerprint sensor so, the OnePlus 8 Lite equipped with In-Display fingerprint scanning. 

Also, the display has center cutout at display with punch-hole design to house selfie camera. Similarly, on the rear side, it has similar design of camera module alike Galaxy S11e, Galaxy A51, Galaxy A71 & Vivo V17. The camera module contains dual camera sensors and LED flash also, in addition TOF (Time of Flight) sensor included. Likewise, the camera specifications are unknown so far. 
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The OnePlus 8 Lite version also, not equipped with 3.5mm audio jack having USB type-C port, SIM slot & speaker grille on the bottom side. Likewise, on the left, volume rockers and opposite to that power buttton & Alert slider located and on the top secondary microphone placed.