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Smartphone brand Honor, a former Huawei sub-brand, on Monday announced its first foldable smartphone called the Honor Magic V that will go on open sale in China on January 18.

Its price starts at 9,999 Yuan (nearly $1,569) for the 256GB storage model in three colors: orange, silver, and black.

The Magic V runs Qualcomm Snapdragon 8 Gen 1 paired with 12GB of RAM and 256GB or 512GB of storage.

The device offers a 7.9-inch internal folding screen with a resolution of 2272 x 1984 and a refresh rate of 90Hz, which is slightly bigger than Samsung’s Z Fold 3.

The external screen is slightly larger than the Z Fold 3 at 6.45 inches (compared to 6.2 for Samsung) and a 120Hz refresh rate.

When folded, the Magic V measures 72.7mm wide, 14.3mm thick, and has a height of 160.4mm.

When unfolded, the device expands to 141.1mm wide and is 6.7mm thick.

The Honor device offers have three 50MP sensors on the rear. It has a pair of 42-MP selfie cameras..

The device offers a 4,750mAh battery that can be charged at up to 66W – claiming to give you a 50 percent charge in 15 minutes.

The device runs Honor’s Magic UI 6.0 software on top of Android 12.

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