Chinese tech giant Huawei delivered its newly launched Mate XT, the world's first tri-fold phone, at a flagship store in Shanghai on Friday.
Huawei's Executive Director, Yu Chengdong, personally delivered the first batch of phones to users and unboxed the Mate XT during a live stream on China Central Television (CCTV).
Since its launch on September 10, Mate XT has received more than six million preorders online. Yu said Huawei is working overtime to expand production capacity to meet the high demands.
"The immense consumer support following the launch is our greatest encouragement. Many of the components in this phone use domestic technologies, chips, and production process. Since the sanctions were imposed, we have mastered key technologies independently as some of the components are no longer available," said Yu.
The Mate XT features a 10.2-inch (25.908 cm) screen and is just 3.6 millimeters thick when unfolded, making it the largest and thinnest folding screen phone on the market. To achieve this sleek design, the Mate XT incorporates a high-capacity battery constructed with the thinnest silicon anode material available globally, with each cell measuring an impressive 1.9 millimeters in thickness.
Mate XT offers a versatile design with single, dual, and triple-screen modes, allowing for flexible transitions between different forms. Yu noted that Huawei has dedicated five years to pioneering its innovative hinge mechanism, revolutionizing traditional designs by enabling inward and outward folding.
Mate XT is sold at a starting price of 19,999 yuan (about 2,800 U.S. dollars).
Huawei delivers newly launched Mate XT, world's first tri-fold phone, at Shanghai flagship store
Huawei delivers newly launched Mate XT, world's first tri-fold phone, at Shanghai flagship store
China in 2024 saw a faster transformation and upgrading of investment in manufacturing industry, a strong growth of investment in high-tech industries, and a rebound of investment in infrastructure construction, according to the latest data released by the National Bureau of Statistics on Saturday.
The investment in manufacturing industry grew by 9.2 percent compared to the previous year, or six percentage points higher than the growth rate of overall investment. In particular, investment in technological upgrades of manufacturing industry increased by eight percent, or 4.8 percentage points higher than overall investment growth.
Private investment in manufacturing grew by 10.8 percent, driving up overall private investment by 5.3 percentage points.
The structure of investment continued to optimize. Investment in high-tech industries rose eight percent compared to the previous year, which was 4.8 percentage points higher than the growth rate of overall investment. In particular, investment in high-tech manufacturing grew by seven percent, and that in high-tech service industry grew by 10.2 percent. Investments related to high-tech industries, such as aerospace equipment manufacturing and professional technical services, increased by more than 30 percent.
In 2025, China plans to moderately increase central government budgetary investments, issue ultra-long-term special treasury bonds and local government special bonds, and enhance efforts to support projects for implementing major national strategies and building security capacity in key areas, as well as implementation of large-scale equipment upgrades and consumer goods trade-in programs, with the aim of stimulating private investment activity through various measures, effectively leveraging government investment to drive social investment, improving investment efficiency, and promoting steady growth in investments.
Transformation, upgrading of China's manufacturing investment accelerates in 2024