OnePlus and MediaTek held a press event in China to confirm key details about the upcoming Ace 5 series. The duo confirmed that the Ace 5 lineup will debut next week, but the exact date remains unclear. The lineup will comprise two models: OnePlus Ace 5 Racing and OnePlus Ace 5 Ultra (aka Supreme/Extreme). The event confirmed the chipset that will power both devices.
OnePlus Ace 5 key details confirmed

The OnePlus Ace 5 Racing and Ace 5 Ultra are officially confirmed to feature the Dimensity 9400e and Dimensity 9400+ chipsets, respectively. Therefore, the Ace 5 Racing Edition will debut as the world’s first phone to feature the D9400e chip.
The Dimensity 9400e is a refined version of the existing Dimensity 9300 Plus. Therefore, it inherits the D9300 Plus’ CPU and GPU and promises optimised gaming performance. The D9400e is expected to power the likes of the Realme GT 7 (global), Realme Neo 7 Turbo (China), OnePlus Nord 5 (global), Vivo X200 FE (global), and Vivo S30 Pro Mini (China).

According to reports, the OnePlus Ace 5 Ultra will feature a 6.83-inch flat LTPS OLED panel that offers a 1.5K resolution and a 144Hz refresh rate. Under the hood, the device will have the D9400+ chip, up to 16GB of LPDDR5x RAM, up to 1TB of UFS 4.0 storage, and a 7,000mAh battery with 100W charging. For photography, it may feature a 16-megapixel front camera and a 50-megapixel dual-camera setup.
On the other hand, the Ace 5 Racing Edition is said to feature a slightly smaller 6.77-inch flat LTPS OLED 1.5K resolution screen. It will have a 16-megapixel front camera and a 50-megapixel dual-camera setup. It is likely to house a 7,000mAh battery with 80W charging support.