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Xiaomi has launched a new Smart Bike in China called QiCycle, which is a foldable electric bike to make commuting easier. The QiCycle is priced at Yuan 2,999, which comes to around Rs 30,699. QiCycle has an integrated electric motor, which can be used for propulsion. The bike is powered by 250W-36V electric motor, and uses Torque Measurement Method (TMM) to assist the rider’s pedal-power. It comes with Shimano Gear Shifters to let users switch gears based on the terrain. It also has a bike computer display to show all the fitness-related parameters such as calories burned, distance traveled, speed, etc.