Yesterday, as per a WSJ article, we reported that Xiaomi was going to announce a brand new bicycle under the brand name, the QiCycle, sometime this week. Now, one of the Xiaomi’s official weibo accounts has revealed the new smart bike called as the QiCycle R1. This particular bicycle will be enter crowdfunding stage on March 22 at 10PM.

This could be one of the products from the company’s ecosystem, but as of now, Xiaomi has not yet officially revealed how the product is associated with the company. However, we can expect a lot more details when the bike is up for crowdfunding on March 22.

The QiCycle R1 will be the company’s most expensive product to date, retailing at a whopping 19999 Yuan ($3000). According to previous information, the Xiaomi Bike will be made out of lightweight carbon fiber body, weighing about 7kg. There will be a bunch of motion sensors on board to measure the output. Given the exorbitant price tag, you can expect only professional bikers and enthusiasts to actually consider purchasing the QiCycle R1.

In case you are feeling left out, there is a rumor going around that a cheaper Xiaomi Bike, costing between $450 to $550 will be released soon. If that’s within your budget, then you could soon be riding a Xiaomi bike around.

So, it looks like Xiaomi is basically trying to provide you everything. From smart TV (including curved screen TVs), smartphones, air purifiers, water purifiers, to smart shoes and smart bikes, in a few years time, your house could be flooded with Xiaomi products. Not that it’s a bad thing, considering the quality and the pricing of Xiaomi devices. But just stating that it’s definitely a possibility. In case you missed, Xiaomi is going to release a smart cooker as well, sometime before the end of this month!

Unfortunately, most of these products are still limited to China. Hopefully, that will change in the coming years.

The post Xiaomi’s Most Expensive Product, The QiCycle R1 Revealed appeared first on Gizmochina.

Xiaomi has a number of smart products under its belt, many of which are manufactured via third party companies. For example, we have seen the Xiaomi Yi Camera manufactured by a company called Xiaoyi and we could see a new model pretty soon. Now, WSJ reports that the company will also be unveiling a smart bicycle under the brand QiCycle sometime this week.

Unlike other Xiaomi products which are affordable, the QiCycle will be costly and out of the reach for most buyers. The cycle would reportedly retail for as much as $3000 in China, which is a lot to ask for a cycle. But the product is not being targeted at the usual customers, instead, it will be attracting bicycle enthusiasts and professionals reports WSJ.

The Xiaomi Bicycle will be made out of lightweight carbon fiber body and will weigh 7 kgs. The cycle will be fitted with a number of motion sensors and gadgets for measuring power output. There could be other special features of the cycle justifying its $3000 price tag, but we will have to wait till the end of the week for more details.

As for those who are looking for a cheaper alternative, the report does add that there will be another model, with pricing around $450 to $550 falling into the relatively affordable price range.

What’s more, as per previous reports, Xiaomi could be revealing a new brand for its smart products, other than its core business. This will help differentiate the company’s products, rather than bringing everything under one Xiaomi branding.

Most of the Xiaomi’s smart products have been limited to China for now, but the bicycle has already received European standards certification which could hint of its release in the region. However, it’s still too early to speculate the availability of the product, so we better wait for official details.

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