Honor, Formerly Owned By Huawei, Sells V40 Phone for the First Time After being sold by Huawei, its parent company, Honor launched its first-ever smartphone device. As CNBC noted, Huawei sold the budget smartphone company to a group of 30 owners called Shenzhen Zhixin New Information Technology last year. It wasn't an easy decision for the tech giant, but the deal was necessary to keep its budget smartphone lineup afloat. "This move has been made by Honor's industry chain to ensure its own survival," says Huawei in a statement. Honor V40 Price, Specification Honor V40 is a budget smartphone that assembles a massive HD + OLED 6.72-inch display with three color variants: rose gold, silver, and titanium black. Supporting the next-gen 5G technology, Honor V40 uses Taiwan's MediaTek chip and is supported by 8 GB RAM.