The OnePlus 2 will officially be revealed on July 27. The Chinese smartphone manufacturer confirmed the date of the much-talked about virtual reality launch, which features a new kind of technology that will allow viewers feel as if they are beside the team and the next Flagship Killer.

Headlining the OnePlus2's confirmed specs will be 4GB of LPDDR4 RAM, something that will deliver twice the performance of the previous LPDDR3 RAM.

Despite the expected increase in bandwidth, the RAM bump will use a lower operating voltage. The company added that the 64-bit Snapdragon 810 processor would maximize the 4GB of RAM, raising the expectations of buyers seeking a fast and efficient handset.

But perhaps the most important feature of the OnePlus 2 is its price. According to OnePlus CEO Pete Lau, the device will retail for $450. Other features include a full-metal body, a type C-USB port and that it will be smaller than the OnePlus One.

Regarding the overheating issue associated with the Snapdragon 810 SoC processor, OnePlus said this had been addressed and should not become a concern for buyers.

Other specs that have yet to be confirmed but will more likely be present include a 5.5-inch display, a 3,300 mAh battery and a fingerprint scanner which is reportedly better and faster than Apple's patented Touch ID sensor.

For those planning to take part in the virtual reality event, get hold of the OnePlus Google Cardboard VR headset.Those who haven't may try getting one here.

Founded on December 16, 2013 by former Oppo vice president Pete Lau, the company unveiled its first device, the OnePlus One, on April 23, 2014. 

In December 2014, alongside the release of the OnePlus One in India exclusively through Amazon, OnePlus also announced plans to establish a presence in the country and open 25 official walk-in service centres across India. 

OnePlus entered Southeast Asia last January 23 and is expected to expand this year throughout the region. On March 9, 2014, the company decided to expand its operations to all European Union countries and is now serving more than 35 countries and regions all over the world.