vivo wasn't content with just announcing the V5 Plus today. Instead, the Chinese company also took the wraps off the V5 Lite, which is the third model in the V5 family and the lowest-end of them all. Thus, we expect it to be the cheapest V5 you can buy, even if pricing has unfortunately not been unveiled yet. The V5 Lite doesn't have the V5 Plus' unique dual front camera arrangement, but it does keep the "selfie softlight" flash for its 16 MP f/2.0 snapper. The rear camera is a 13 MP unit with f/2.2 aperture, and it has a LED flash. This device is powered by an unnamed 64-bit...
Source: http://www.gsmarena.com/vivo_v5_lite_unveiled_too_with_lowerend_specs-news-22832.php