Honor has started the MWC 2025 party in Barcelona, announcing the Watch 5 Ultra among a slew of AI-focused updates. Although Honor isn’t typically a brand we associate with flagship smartwatch launches, it’s followed Chinese rival Xiaomi—who announced the Watch S4 global edition earlier today—by bringing its latest wearable to the show. The €279 Watch 5 Ultra represents a significant step up from the standard Honor Watch 5 that debuted at IFA last September, too, as the name would hint. Its octagonal case, reminiscent of the Huawei Watch GT 5 models launched in 2024, is made from aerospace grade 5…