Huawei, Honor and Motorola Push New Foldable Phones in China

(Bloomberg) — Huawei Technologies Co. Ltd., its spinoff brand Honor and Lenovo Group Ltd.’s Motorola introduced plans for new foldable phones in recent days, betting on the nascent form factor to win over the ultra-competitive Chinese market.

Each company is billing its upcoming device as a top-of-the-line handset, with Huawei pricing its P50 Pocket at 8,988 yuan ($1,410), Honor calling the Magic V its first foldable flagship and a Lenovo executive teasing Motorola’s third attempt at a Razr clamshell handset. Huawei is already selling its foldable device in China after announcing it in a streamed event on Thursday.