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‘. 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 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. Xiaomi Qicycle is made of carbon fibre and packs a host of sensors while weighing only 7 kilogrammes.

The Qicycle is backed by a 250W 36V electric motor and it uses Torque Measurement Method (TMM) to assist the rider’s pedal-power.

Xiaomi Qicycle uses Panasonic 18650 mAh battery which can provide users cycle up to 45km. The company added that the Qicycle comes with battery management system (BMS) which is an electronic system that manages a rechargeable battery and protects it from operating outside its safe operating area. The system also does other related things such as monitoring state, calculating secondary data, reporting that data and controlling its environment.

Xiaomi Qicycle can be paddled with the aid of Shimano Gear Shifters even after the bicycle runs out of battery. The Chinese company confirmed that the Qicycle can measure fitness-related parameters such as calories burned, distance traveled, and traveling speed. Xiaomi is yet to reveal whether the Qicycle will launch outside China.