We told you last week that Huawei was planning to release its 6.1-inch smartphone, the Ascend Mate, for about $500, a much lower price than what we initially thought it’d be offered for. Now are you ready for some even better news?

Following the launch of the quad-core phone yesterday in its home country, Huawei has announced that the Ascend Mate will carry an official price tag of 2,688 Yuan. In other words, those in China can grab the supersized phone for about $430.

Of course, you’re going to have to wait for a few more days to see the Mate in store shelves, as it will only be released on March 26 at 10 a.m.

As a refresher, here’s a quick roundup of its pretty darn fine specs. The Ascend Mate comes with a 6.1-inch HD IPS+ display, a quad-core 1.5GHz K3V2 processor, 2GB RAM, 32GB onboard storage, microSD slot (up to 32GB), 8-megapixel camera, 1MP front-facing cam, 4,050mAh battery, and Android 4.1 Jelly Bean.

For those in Europe, the Ascend Mate is listed on Amazon Germany for €499, though the listing doesn’t say anything about its availability. In the meantime, check out our hands-on video above.