The Y series of Huawei represents their budget segment of smartphones. Looks like inspired from the naming of this year's Huawei GR5, they revealed the all new Huawei Y5 2017 in their official website
It is the successor of the previous Huawei Y5 II. Huawei Y5 2017 specs include EMUI 4.1 based on Android 6.0 Marshmallow, 1.4 GHz Mediatek MT6737T 64-bit quad-core processor, 5 inch IPS HD display, 8 MP main camera with f/2.0 aperture and dual LED flash, 5 MP front cam with 84 degree wide angle lens, LTE, 2 GB RAM, 16 GB ROM, Bluetooth, WiFi, GPS and 3,000 mAh battery
As of this time, there is no info yet on the international SRP as well as the release date and availability by country
Via 1