USB4 Version 2.0 is in the works and when launched, it will allow for double the speeds of the current USB4 specification with existing USB-C cables.
USB4 on MacRumors
Intel announces outline of 'next generation Thunderbolt' based on USB 4 Version 2.0, realizing maximum 80 Gbps bidirectionally and maximum 120 Gbps one way for external display - GIGAZINE
USB4 Version 2.0: Double the Speed from USB4
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USB4 Version 2.0: Double the Speed from USB4
Intel announces outline of 'next generation Thunderbolt' based on USB 4 Version 2.0, realizing maximum 80 Gbps bidirectionally and maximum 120 Gbps one way for external display - GIGAZINE
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Satechi USB4 Multiport Adapter - 100W USB-C PD Charging, Gigabit Ethernet, USB-C Data, up to 8K HDMI – Compatible with 2022 MacBook Pro M2, 2021 MacBook Pro M1 Pro & Max
USB4 Version 2.0 unveiled with double the transfer speeds
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USB4 2.0 supports up to 80Gbps [Technical Articles]