(Yicai Global) Sept. 27 -- Chinese smartphone maker Huawei Technologies sold CNY500 million (USD70 million) worth of its new flagship Mate 30 handsets in just one minute yesterday, after pricing the local model more cheaply than overseas.

The Shenzhen-based firm began selling the devices at 6.08 p.m. in stores, at authorized online retailers and on its own e-commerce platform Huawei Mall, the Securities Times reported. The USD70 million came via Huawei Mall alone.

The Mate 30 was unveiled in Germany last week with a European price tag of EUR799 (USD872) to EUR1,099, while the Chinese version sells for between CNY3,999 (USD560) and CNY6,299. That is about 60 percent to 70 percent of the international price, depending on the model.

Huawei has delayed the Mate 30's Europe release due to a US prohibition on supplying the firm, which several countries have touted as a threat to their national security. The ban prevents Huawei from running the Android operating system and offering Google's mobile apps, such as Play Store and Google Maps.

Huawei will launch the 5G version of the Mate 30 on Nov. 1, priced from CNY4,999. A special edition Porsche Design RS model will also hit shelves on Nov. 10, the day before China's biggest single-day shopping festival, priced at CNY12,999.

Editor: James Boynton