The South Korean tech giant showcased the Galaxy Z Fold 2 at its Galaxy Unpacked online event on August 5, along with the Galaxy Note 20 phablet, Galaxy Watch 3 smartwatch, Galaxy Buds Live wireless earbuds and Galaxy Tab S7 tablet.
The company did not explain detailed specs of the Galaxy Z Fold 2, as well as its price and launch date, reports Yonhap news agency.
So far, Samsung has confirmed that the Galaxy Z Fold 2 features a 7.6-inch screen when unfolded, while having a 6.2-inch cover display, both larger than its predecessor's 7.3-inch and 4.6-inch displays.
It packs a 4,500mAh battery.
The latest foldable handset comes in two colours: mystic black and mystic bronze.
The Galaxy Z Fold 2 is the follow-up to Samsung's original foldable smartphone, the Galaxy Fold, which was launched last year.
The company added "Z" in the name to consolidate its foldable smartphones under one brand. The Z lineup currently includes the Galaxy Z Flip, a vertically folding phone.
Like the Galaxy Z Flip, Samsung said it will also release the limited edition of the Galaxy Z Fold 2 in partnership with fashion brand Thom Browne.