MediaMarkt is selling the phone at that price. It's known under several banners in different regions, including the Maimang 6 in China.
It's also going to be known as the Huawei Nova 2i and may be known as the Huawei Mate 10 Lite to other parts of the world.
That quad-camera Huawei Maimang 6 with a 2:1 slim-bezeled 5.9-inch screen is out in China, likely coming soon to the rest of the world as the Mate 10 Lite.
It's no flagship phone, but the Huawei Maimang 6 looks ready for primetime with a sleek design and robust specs, four cameras included.