Xiaomi, as teased, has unveiled its first ever electric bicycle at an event in China. Dubbed Qicycle Electric Folding Bike, the anticipated 'Mi Smart Bike' has been priced at CNY 2,999 (approximately Rs. 30,000).
At the launch event, Xiaomi stressed that it was not just a "smartphone company" but a "technology company." The Chinese company already has a lot of products under its belt including smartphones, tablets, wearables, Internet-connected air and water purifiers, television models under the Mi TV series, Yeelight bedside lamps, Mi Power Banks, Mi Wi-Fi nano wireless routers, Yi Action Camera, Mi Rainbow 5 AA batteries, and two-wheeled self-balancing scooters among others.
The latest Qicycle (bicycle) is made of carbon fibre and packs a host of sensors while weighing only 7 kilogrammes. The Chinese company touted that the bicycle obtained the Red Dot Design Award 2016. Xiaomi claimed that since the Qicycle was foldable, people can now keep a bicycle in their cars without it taking up a lot of space.
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