The ZTE PF200 LTE/HSPA+ phone is the leader of the duo, with a 4.3" qHD screen, 1.5GHz dual-core Snapdragon and all other connectivity options you can think of - an MHL port, DLNA, Wi-Fi, Bluetooth, GPS and even NFC capability.
As for the ZTE N910, it takes care of the LTE/EVDO combo networks, but dials it down a notch with 480x800 pixels screen and 5MP camera on the back, losing the NFC chip. Mr. He Shiyou, the Executive Vice President and Head of the Terminal Division of ZTE commented:
Exciting stuff, but we are sure the ZTE PF200 and ZTE N910, if that's what they end up being named, will be quite the budget alternatives with a fairly modern spec sheet.