It’s not common by the third biggest smart phone company in the world in terms of millions of phones sold to enter into the transportation industry but Xiaomi did it! The company just launched a smart bike for around 455$. The new Mi QiCYCLE Electric Folding Bike has an app that provides very cool data that includes gps, ride statistics and bike status! Also it has real time fitness tracking data that can be seen a mini computer attached on the bike! Although an electric bike is not a new idea as it came out long time ago, this is the smart electric bike version.