ASUS on Saturday announced a new smartphone called the Pegasus 2 Plus X550, which brings some decent specifications to the table for what will likely be an affordable price point.

The new smartphone, which is the successor to the company’s budget-friendly Pegasus X002 smartphone, comes with a 5.5-inch 1920 x 1080 display, a 64-bit octa-core Qualcomm Snapdragon 615 processor, 3GB of RAM, a 13MP rear-facing camera and an 8MP front-facing camera. It also has a dual-SIM card slot, a 3030mAh battery, and runs ASUS’ Zen UI atop Android 5.1.1 Lollipop. While the phone’s pricing and availability has yet to be announced, it will be available in both Rose Gold and White color options.

Considering the number of low-end specifications the ASUS Pegasus X002 brought to market, this new model is definitely a worthy successor to the first generation device. We’re not sure if the Pegasus 2 Plus will make its way out of China, but we’ll be sure to inform you once we receive more details from the company.