The Le 2 is the upgraded-generation version of the Le 1s, and was released about a month ago in the Chinese market.
It is expected to be launched in India at a price of Rs 13,000-14,000.
However, cutting the price of the Le 1s to Rs 9,999 suggests that the Le 2 will be priced around the Rs 13,000 mark.
The Indian version of the phone will come with an ultra-powerful Snapdragon 652 chipset and contain 3 GB of RAM. Unlike the Le 1s, its successor will have a 16 MP camera at the back and an 8 MP shooter at the front, which will make it superior to other models like the Meizu M3 Note (Rs 9,999) and the Xiaomi Redmi Note 3 (Rs 11,999).
As we have noted earlier, it is also about 50-60% more powerful than the Redmi Note 3 and the Meizu M3 Note.
Other specifications include support for advanced LTE, support for USB Type C, 32 GB of internal memory and 3 GB of RAM.
The phone will also compete with Yu Yunicorn, which was unveiled today at Rs 12,999. The Yunicorn is priced at Rs 12,999, and offers 4 GB of RAM.
However, the model falls short as far as power is concerned as it is built around the Helio P10 chipset. However, when compared to the Le 2, the Yunicorn does score higher on battery capacity due to its 4 Ah unit compared to the 3 Ah battery inside the LeEco model.
In fact, both the Redmi Note 3 and the Meizu M3 Note come with 4 Ah batteries.
The Yunicorn also comes with support for expandable storage, while the Le 2s has no MicroSD card slot to augment the built-in 32 GB of storage.
LeEco will also launch its Le Max 2 phone next Wednesday.