Chinese tech manufacturer Lenovo has just released yet another budget smartphone, and it appears to be a rather interesting device. Dubbed the Lenovo K3 Note, the latest device features high-end specs at a reasonable price.

According to Christian Today, the specs of the new Lenovo smartphone listed by anTuTu should certainly tempt customers into purchasing the device, rather than going for the many available high-end devices.

The Lenovo K3 Note sports a dual-standby dual-SIM capability, and comes with features like a 64-bit Mediatek MT6752 chipset, in addition to an octa-core processor that's clocked at 1.7GHz. The device also has 2GB of RAM with an internal storage of 16 GB, which can be expanded up to 32 GB via its built-in microSD slot.

However, the USP of the latest Lenovo K3 Note is an ultra powerful battery - having a 3000mAh battery capacity inside a 7.6 mm-thin body.

Apart from these specs, the new Lenovo smartphone comes with a 13-megapixel primary rear shooter featuring a dual-tone LED flash. On the other hand, the device's selfie shooter is 5-megapixels.

As far as the specs of the latest Lenovo device is concerned, it may directly challenge the other Chinese mobile manufacturer Meizu M1. In fact, the Lenovo K3 Note is among the most reasonably priced smartphones on the market so far, as it will be priced $145 when released.

At the Mobile World Congress 2015 in Barcelona, Spain, early this month, the Chinese tech behemoth unveiled a number of devices including the Lenovo A7000, the Lenovo Vibe Shot, and the Lenovo Pocket Projector, the Lenovo Tab 2 AIO-70, as well as the Lenovo Tab 2 A8, among others.

Initially, Lenovo will sell the K3 Note only in China after its launch. However, it is expected to be made available in other emerging markets like India too. As of now, Lenovo has not announced if the new mid-range device will also be available in the U.S. and the U.K.