Kamvas 13 (Gen 3) USB-C cable compatibility question

I'm pretty tech illiterate so I just want to make sure my laptop is capable of supporting the single cable function before spending the extra $20 on a cable. Here are the specs for my USB-C port:

USB 3.2 Gen 2 Type-C® (2) (supports data transfer, power delivery, HP Sleep & Charge; DisplayPort™ 1.4a

out up to 4 K @ 60 Hz through adapter; HDMI 2.1 out up to 4 K @ 60 Hz with HDCP 2.2 through adapter)

The USB-C port on my laptop also has a lightning bolt printed next to it.

https://preview.redd.it/hs82x1zu29be1.jpg?width=2343&format=pjpg&auto=webp&s=9cc4313200c76498169e54b1fe1e46a0b8ebe18d

If anyone with good tech knowledge could please let me know if this is sufficient for being able to connect the Kamvas 13 (Gen 3) with the single USB-C cable option. Thanks so much!