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Folding screen mobile phones have been developing in the market for about 6 years. In 2018, the world's first folding screen mobile phone came out, released by Royole Technology. Nowadays, most mobile phone brands have launched their own foldable screen mobile phones, such as Huawei, Xiaomi, OPPO, vivo and other mobile phone brands. However, current folding screen phones still have mild creases, so folding screen technology has only been optimized in recent years and has not made major breakthroughs. With the support of technology, the folding life has been significantly improved, from the initial 100,000 folds to the current 600,000 folds.

The domestic foldable screen mobile phone market is still relatively optimistic. In the first quarter of 2024, the shipment volume was about 1.86 million units, and it increased to 2.57 million units in the second quarter, a large increase. In the second quarter alone, Huawei accounted for 41.7% of the market share, while vivo accounted for 23.1% and Honor accounted for 20.9%. The three major brands are the main force in the domestic foldable screen mobile phone market, and the number of new phones released is increasing. Huawei launched its first Huawei nova Flip in early August, positioning it in the mid-range market. Honor and vivo also launched mid-range foldable screens this year, so the market for foldable screen mobile phones is even larger.