在美欧主流市场摩托罗拉更是实现份额突破。长期以来，西欧折叠屏智能手机市场由三星的 Galaxy Z 系列和荣耀的 Magic V系列定义。而 2025 年上半年出现了转折，摩托罗拉的 Razr 与谷歌的 Pixel Fold 系列凭借在主要运营商渠道更优的上架表现、具有竞争力的定价策略以及兼顾时尚与实用的设计理念， 成功跻身出货份额前列。 回顾2024年上半年，荣耀 Magic V2 和三星 Galaxy Z Flip5 各自占据了超过 20% 的出货份额，使得这两 款机型跃居排行榜高位。2025 年上半年市场则发生了巨大的格局变化，联想摩托罗拉 Razr?60 以 15% 的份额领跑，若加上其前代机型 Razr 50，两款机型合计份额约达27%，与去年冠军机型的水平相当。 来源：Counterpoint 折叠屏智能手机市场追踪报告 Counterpoint最新报告显示，2025年第三季度全球折叠屏出货量同比增长14%，创下该品类出货量的季 度历史新高，其在全球智能手机出货量中的占比已达到2.5%。 在这一轮市场扩张中，联想摩托罗拉凭借 Razr 60 系列的亮眼表现，成为翻盖式折叠屏赛道的重要推动 者，出货 ...

Core Insights - Honor's new foldable flagship Magic V5 was launched in London, featuring the world's first on-device voice large model for efficient AI call translation, marking a new offensive in the European high-end market [1][10] - Honor is leveraging foldable screen products to establish competitiveness in the global high-end market, with a projected 377% year-on-year sales growth in the European foldable screen market in 2024, increasing its market share to 34%, second only to Samsung [2] - The success in Europe reflects not only product breakthroughs but also the strategic logic and execution capabilities of Chinese brands in the global high-tech market [4] Market Strategy - Honor's strategy in the high-end foldable screen market is based on technological innovation and differentiated design rather than price competition, directly challenging existing market structures [8] - The European high-end foldable screen market has been dominated by Samsung's Galaxy Z series, which has established a strong brand recognition and service system [6][7] - Honor's approach combines foldable screens with AI technology to create new value spaces in niche scenarios, shifting consumer focus towards innovation and experience rather than brand history or price [13] Product Features - The domestic version of Honor Magic V5 is recognized for its lightweight design and high performance, being referred to as a "PC that fits in your pocket," making AI terminals a reality [9] - The overseas version of Magic V5 features the world's first on-device voice large model, enabling offline AI call translation, enhancing cross-language communication [10][15] - The innovative features of Magic V5 cater to the extreme demands of European high-end users for portability, durability, and user experience [11] Global Expansion - Honor's strategic breakthrough in the European market is part of a broader global strategy, with significant growth in Southeast Asia and the Middle East, where smartphone shipments increased by 121% and 95% year-on-year, respectively [3][18] - The company's multi-market strategy allows for risk diversification and enhances long-term growth potential, with different regions serving distinct strategic functions [20] Brand Positioning - Honor's brand narrative has shifted from "Made in China" to "Innovation from China," emphasizing its technological advancements and unique value propositions [5][34] - The integration of foldable screens and AI capabilities not only enhances user experience but also drives hardware, software, and service innovation, forming a comprehensive competitive advantage [30][29] - Honor's marketing strategy includes leveraging social media, local KOL partnerships, and community operations to convey its brand story, enhancing international recognition [24][25] Future Outlook - As foldable screen technology matures and AI integration continues, Honor has significant expansion opportunities in the European and global high-end markets [26] - The company plans to deepen user engagement, expand experience store coverage, and continuously innovate while adjusting product offerings to meet regional market demands [27] - Honor's comprehensive strategy demonstrates that sustainable internationalization involves creating unique value through technology, user experience, and academic validation, rather than relying solely on product exports [35]