Yesterday there were reports that Xiaomi would launch their own bicycle and today an official teaser for the bike due to launch on the 22nd March has been revealed.
The bright yellow teaser confirms that the name of the bike will be the QiCycle R1, and that the retail price is going to be 19,999 Yuan.
For those of us who are cyclists you will also notice that the component in the picture is a high-end Shimano rear derailleur used for changed the gears across the rear cassette. The Shimano Ultergra name hints that the Xiaomi bike will be a high-end road bike. Interestingly this is not the creme dela creme of road mechs, as Shimano also make electronic models too.
Although 19,999 Yuan makes the QiCycle R1 the most expensive product in the Xiaomi range, the price is actually quite competitive for a well equipped road bike. Top of the range professional road bikes can cost considerably more, so it will be interesting to see the rest of the R1’s equipment when launched.