I would say to use asia models, hot them up, with better spec and higher price. The R&D is located in Asia, sales marketing in Europe. Use people who have built devices for others before and people who knows people att team Android at Google. With right connection you can get an HTC one for half the prize. High end device can be sold for half prize in Europe and still break even. But none does that, so the current have great margins today.
Plus, you have no clue of the time table. The might have been working for a year or more