Xiaomi's first smart bike release date and time: Specifications, pricing of the bicycle

Xiaomi may be predominantly a smartphone maker, but it has started venturing into several other sectors, bringing out products like Ninebot, Mi TV, Mi Air Purifier, Mi Smart Scale and Mi Yeelight among others. Now, it is reportedly set to release its first smart bike, and the new bicycle is expected to have some interesting features.

According to Miui website (via BGR), Xiaomi has scheduled an event at 2:00 p.m. (local time) in Beijing (11:30 a.m. IST) on Thursday, and it is expected to launch its first-ever smart bicycle. The teaser of the bike shows an integrated mounted system that will most likely give information like speed, distance and Bluetooth connection to smartphone. Another teaser shows the tyre of the bicycle and the tail light. 

A report by The Wall Street Journal (via BGR) had reported in March that IRiding, a startup that Xiaomi has invested in, is manufacturing a smart bicycle made of carbon fiber, loaded with sensors and weighs only 7kgs. It reported that the bike would cost $3,000 (around Rs. 2,01,900).

The report went on to say that Xiaomi is also planning to make budget electric bicycle with battery that assists pedalling, and could be priced between $450-$550 (around Rs.30,200-Rs 37,000).