It's known for a while now that iQOO, vivo's sub-brand, is preparing to launch a more affordable version of the recently announced iQOO 3 smartphone called iQOO Neo3. It will be announced on April 23 and now the latest leak reveals a bit more about its pricing.

According to a Weibo post, the handset will start at CNY 2,998 (€390) making it the most affordable Snapdragon 865-powered smartphone
essentially matching the Redmi K30 Pro (CNY2,999). Yes, sure, it's not by much but according to the rumors, the iQOO Neo3 will boast a 144Hz screen posing a better value overall.
Surely nothing is confirmed for now so we have to wait for the official announcement to be sure. There's just over a week to go now.
Source (in Chinese)
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