The phone has a huge 5,000mAh battery with support for 33W fast charging and a 90Hz display.
This flip phone will be powered by MediaTek Dimensity 8050 chipset, has a circular cover screen, dual rear camera and it's coming out this year.
The brand used a premium watch manufacturing process to create the eye-catching camera deco, which they've named the Glory Halo Design.
The Xiaomi 13T Pro will be powered by MediaTek Dimensity 9200+ and has a 6.67-inch OLED display with a 120Hz refresh rate.
This year Z Flip5 is a major step up compared to its predecessor in a number of ways.
But the Chinese consumer electronics giant is at the third place when it comes to global market share.