Huawei Technologies Co. unveiled its latest foldable smartphone, the Mate Xs2, on Thursday night, as Chinese heavyweight technology aims to increase its consumer appeal through new technological upgrades. This is the fifth generation of foldable smartphones introduced by Huawei in the last three years. Returning to Huawei’s original inward-folding design and lower price than ever before, it marks the company’s latest move to strengthen its capabilities in the highly competitive foldable smartphones market, as rivals bet heavily on the class to expand their presence at high levels. -finished products. Yu Chengdong, CEO of Huawei Appliance Group, said the company continues to innovate and innovate in foldable smartphones and aims to offer a unique experience to consumers. Priced at 9,999 yuan ($ 1,500) in China, the price of the Mate Xs 2 is a big drop from the original Mate Xs, which was released at 16,999 yuan two years ago. The Mate Xs 2 uses the same exterior folding design as its predecessor, which made it unique in the market, with most competitors opting for the inward folding design. It has a 7.8 inch screen. The move is Huawei’s latest push to revitalize its smartphone business, which has struggled with chip shortages due to US government restrictions.