The Huawei Ascend W1 is said to be equipped with a 4 inch WVGA display while a dual-core 1.2GHz processor drives the device. 512MB of RAM is on board along with 4GB of native memory. There will be rear and front-facing cameras of 5MP and .3MP respectively and a 2000mAh battery keeping the lights on.
You might recall that recently Huawei and ZTE were accused of spying for the Chinese government. Huawei denied the charges while there was talk that Canada could ban the manufacturer from the country. Meanwhile, the company presses on with its new phones.
source: Twitter (1), (2) via WPCentral