motorola first watches, The Moto 360 back in 2019 but it wasn't manufactured by them. After seeing some level of success, that company is planning for more Motorola branded watches in the upcoming months.
The company laid out a roadmap for its product releases in 2021. The roadmap below shows that a “Moto G Smartwatch” will arrive in June followed by “Moto Watch & One” devices, which appear to be two additional watches.
The Moto G Smartwatch could hint at an affordable offering, only because the Moto G line is Motorola's mid-range line of devices. This will include a chipset from Qualcomm the Snapdragon Wear 3100 which we advise you to run as from fire and to wait for the adoption of the new Snapdragon Wear 4100 which follows.
As for the Moto Watch and Moto One wearable, they'll slot in the category of smart fitness watches that have become quite popular in recent years. They run custom fitness-focused software instead of Wear OS, offer multi-day and week battery life, and limited smarts, but do track all of the health metrics.