On Thursday, Motorola unveiled three new flagship mobile phones in China, namely moto X30 Pro, moto S30 Pro and the latest foldable smartphone moto razr 2022, in a bid for a bigger pie slice of the world's largest smartphone market.

Priced at 5,999 yuan ($890.3), the moto razr 2022, which can fold to the size of a wallet and fit in people's pockets or bags, is equipped with a 6.7-inch OLED foldable display on the inside of the phone and a 2.7-inch external touchscreen display. 

Users can make video calls, send texts, take pictures and access their favorite apps without opening the foldable smartphone.

Priced at 3,499 yuan, the moto X30 Pro is the world's first smartphone that features a 200 megapixel camera sensor. It is also equipped with 50 megapixel ultra-wide angle lens that is paired with a 12 megapixel telephoto shooter. 

Global consultancy Counterpoint Research said in a report that foldable phones are still the fastest growing smartphone product category this year.

The shipment of foldable smartphones worldwide will grow 73 percent on a yearly basis to 16 million units this year from 9 million units last year and is expected to continue to see robust growth next year. The figure is foreseen to grow to 26 million units by 2023.