Lu Weibing has now confirmed that Xiaomi is ending production of the Redmi K30 Ultra. The Redmi K30 Ultra was launched alongside the Mi 10 Ultra and was also never sold outside China, despite fans asking for a global release. The Redmi K40 will succeed it and there are reports it could sport the Dimensity 1200.
https://www.notebookcheck.net/Xiaomi-bids-farewell-to-the-Redmi-K30-Ultra-with-the-Redmi-K40-possibly-lined-up-for-a-Dimensity-1200.514934.0.html