BARCELONA, Spain (AP) — China's leading smartphone maker, Xiaomi, has unveiled its new flagship device, the Mi 5, which it says is particularly fast and lightweight.

Xiaomi presented its newest phone Wednesday on the sidelines of the Mobile World Congress trade show in Barcelona.

The Mi 5 comes in three versions. The Mi 5 Pro, with more memory and a ceramic body, will cost 2,699 yuan ($354). The cheapest version will cost 1,999 yuan ($262). They will go on sale in China on March 1.

Hugo Barra, Xiaomi's vice president of international operations, says the Mi 5 is "faster and lighter that you ever imagined."

Xiaomi (pronounced schow-MEE) led China in smartphone sales in 2015, according to research firm IDC.

It sells its phones in China, India and a few other countries.