The next generation of Xbox was revealed at the 2019 Video Game Awards show.

The next Xbox, formerly codenamed Project Scarlett, will be called Xbox Series X. The console itself was also shown (seen in the trailer below), as well as a trailer for the newly announced Senua’s Saga: Hellbade 2 from developer Ninja Theory, which Head of Xbox Phil Spencer said was designed to take advantage of the new system’s power.

Spencer was on stage during The Game Awards, saying Series X is “our fastest, most powerful Xbox” and will set a new bar for performance, speed, and compatibility.

Spencer also said Microsoft’s 15 first-party studios were working on “the largest and most creatively diverse lineup of exclusive games in our history.

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The Xbox Series X will come with a new Bluetooth-enabled controller which includes a rechargeable battery that Microsoft says has “up to 40 hours” of life. Microsoft is also selling the controller on its own for $179.99.Microsoft has not yet announced a price for the console itself. The unveiling comes a couple of months after Sony confirmed that its next console, the PlayStation 5, will also launch in 2020 for the holiday season. 

Microsoft has not yet announced a price for the console itself. Insiders believe it will retail for $500 at launch.