Honor received a lot of IP after spinning off from Huawei. For example, the Qinghai Lake (SiC) Battery patent was originally filed by Huawei, and Honor has access to Huawei's 3D face unlock technology. They are also majorly overhauling their camera department this year. Luo Wei, the driving force behind the legendary Huawei P30 series, is part of Honor now, where he is helping develop their AIMAGE brand.
Honor was in a precarious position the last year due to the reemergence of Huawei as they are perceived by many in China to be the "little brother" of Huawei. This led to the sacking of many Huawei holdovers like CEO Eric Zhao, who was replaced with James Li. Now they seem to be taking a strategy of sacrificing profit margins for market share, and they are placing more emphasis on marketing as well.
The Honor 400 (mid-range photography) series has been a massive success, especially among women due to the endorsement of Xiao Zhan. Foldables have always been Honor's strong area, and that will continue. Hopefully, they can bring up their flagship sales this fall as they were a distant last in China last year.