The company did not talk about its price, however, a teaser video revealed that the smartphone might feature four camera lenses.
The teaser also hinted at Huawei's continued camera partnership with Leica, The Verge reported.
Given that the size of the camera bump seems to have increased compared to the P40 Pro Plus, it seems reasonable that Huawei might have crammed some even larger sensors and lenses in the P50, the report said.
The P50 will likely ship with Huawei's new HarmonyOS operating system built-in, but it didn't confirm it in the video.
The company also unveiled Huawei Watch 3 Series that features a curved glass screen and 316L stainless steel case.
It comes with a brand-new 3D rotating crown that senses different levels of pressure and provides haptic feedback in response to user input and runs on HarmonyOS 2.0.
The Huawei Watch 3 Pro features an ultra-long battery life, which lasts five days in smart mode and 21 days in ultra-long battery life mode. It, in turn, has a battery life of three days in smart mode and 14 days in ultra-long battery life mode.
Along with that, the company also unveiled a new tablet -- Huawei MatePad Pro -- that features a 12.6-inch OLED FullView Display with a 90 per cent screen-to-body ratio.
Equipped with Kirin 9000 series chipsets, the Huawei MatePad Pro delivers incredible levels of performance. It also supports Multi-screen Collaboration with PCs.
The tablet can become a drawing board in Mirror mode and a monitor in Extend mode. It also supports cross-device file dragging and dropping, delivering a more efficient and collaborative multi-device experience.
The second-generation HUAWEI M-Pencil was unveiled together with the HUAWEI MatePad Pro.
It features a new platinum-coated nib for high-precision handwriting and ultra-low latency, accurately differentiating between 4,096 levels of force.