Core Viewpoint - Huawei has officially launched the new Mate XTs foldable smartphone, priced at 17,999 yuan, which is 2,000 yuan lower than its predecessor, marking a significant development in the foldable smartphone market [2] Group 1: Product Features - The new Mate XTs features a new hinge system called "Tiangong Hinge," which reduces the thickness of the outer fold axis by 23% and the inner fold axis by 16% compared to single-sided foldable phones [2] - The device has a lightweight metal frame design and introduces eSIM functionality, eliminating the need for a physical SIM card slot. Its thickness is only 3.6mm when unfolded, making it 15% thinner than Samsung's Galaxy Z Fold 7 [3] - The screen is the largest foldable display in the industry, utilizing 30μm ultra-thin UTG glass, which enhances impact resistance by 30% through the use of non-Newtonian fluid materials [3] Group 2: Market Performance - Huawei has achieved a historical milestone by becoming the first Chinese brand to exceed 10 million cumulative shipments of foldable smartphones, with a market share of 75% in the foldable smartphone segment [4] - According to IDC data, the foldable smartphone market in China is expected to reach 4.98 million units in the first half of 2025, reflecting a year-on-year growth of 12.6% [4] Group 3: Supply Chain Insights - The hinge system's value is approximately 1,000 yuan, with suppliers including Kosen Technology, Jingyan Technology, and Yian Technology [2] - The metal frame's value is estimated to be between 800-1,000 yuan, with the supplier being AAC Technologies, which also provides speaker and motor components [3] - The display suppliers include BOE and Visionox, while the UTG flexible glass is sourced from Kaisheng Technology and Changxin Technology, indicating an increase in material costs due to upgrades [3]

Group 1 - Huawei officially launched the new Mate XTs foldable phone on September 4, with a starting price of 17,999 yuan, which is a reduction of 2,000 yuan compared to the previous generation, indicating a shift from "high-end trial" to "mainstream" foldable devices [1][3] - Huawei remains the only brand in the industry to achieve mass production and iteration of the tri-folding phone since the release of the world's first commercial tri-folding phone last year, with key technologies in hinge systems, screens, and structural components [3][8] - The new Mate XTs features a new Tian Gong hinge system that reduces the thickness of the outer folding axis by 23% and the inner folding axis by 16%, with the hinge value remaining around 1,000 yuan [8][9] Group 2 - The phone's structural components include a lightweight metal frame design and the introduction of eSIM functionality, eliminating the need for a physical SIM card slot, with a thickness of only 3.6mm when unfolded, making it thinner than Samsung's Galaxy Z Fold 7 by 15% [8][9] - The display of the Mate XTs is the largest foldable screen in the industry, utilizing 30μm ultra-thin UTG glass, which enhances impact resistance by 30% through a non-Newtonian fluid material that hardens upon impact [8][9] - Following the pre-sale launch, the Mate XTs sold out in less than half an hour, indicating strong market demand, with initial stock estimates ranging from 400,000 to 600,000 units [9][11] Group 3 - According to IDC data, the foldable phone market in China is expected to reach 4.98 million units in the first half of 2025, with a year-on-year growth of 12.6%, and Huawei's shipment volume reached 3.74 million units, capturing 75% of the market share [11]