Yu Chengdong, executive director and chairman of the board of directors of the Consumer Business Group of Huawei, displays the world's first commercial tri-fold smartphone, the Mate XT, during a new products release event in Shenzhen, south China's Guangdong province, Sept. 10, 2024. [Photo/Xinhua]

Chinese technology giant Huawei on Tuesday launched an industry-first tri-fold smartphone in south China's Shenzhen, with a number of technological breakthroughs such as a dual-hinge system and screen-bending features.

Yu Chengdong, Huawei's executive director, said that constant technological innovation is the primary driving force in the development of folding-screen smartphones, an industry segment with high technology density.

China's foldable mobile phone market saw a growth of 114.5% in shipments in 2023, with the number of shipments surpassing 7 million, according to global market research firm International Data Corporation (IDC).