Xiaomi Mix Fold 5 spotted in Mi Code ahead of August 2026 launch

Xiaomi is preparing to launch its next foldable smartphone just months after unveiling the Mix Fold 4 in July 2024. Early signs of the successor have surfaced in the Mi Code database, revealing details about the new generation foldable device from the Chinese tech giant.

The upcoming device is listed under model number 2608BPX34C with the codename “lhasa” and carries an internal designation of Q18-a number reserved for Xiaomi’s foldable phones. This strongly indicates the Xiaomi Mix Fold 5, though some rumors suggest it might be marketed as the Xiaomi 17 Fold instead.

A key highlight revealed in the code is Xiaomi’s upcoming custom processor, the Xring O3. This chip succeeds the Xring O1, which powered devices like the Xiaomi 15S Pro and Pad 7S Pro. Designing its own silicon for foldables demonstrates Xiaomi’s ambition to push hardware performance beyond typical Snapdragon or MediaTek options.

Leaks suggest the Mix Fold 5 could debut as soon as August 2026, with an initial launch expected exclusively in China. Pricing is anticipated to start around $1,399, placing it in direct competition with Samsung’s Galaxy Z Fold series and Huawei’s Mate X lineup, both leaders in the foldable smartphone segment.

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Although Xiaomi’s foldable market share remains smaller internationally compared to Apple and Samsung’s broader smartphone influence, the company’s aggressive innovation and competitive pricing could make the Mix Fold 5 a significant player in China’s expanding foldable market. How Xiaomi balances local exclusivity with plans for a global rollout will be an important development to watch over the coming year.