Most people know Chinese gadget maker Xiaomi for its Android phones and accessories – but in its home country, it offers a vast array of products ranging from robot vacuum cleaners to desk lamps to travel pillows. It even crowdfunds new stuff in China, and its latest offering is this compact – and ridiculously cheap – electric bike. The $261 Himo bicycle can cover 50 kilometers on a single charge, by running a 250W brushless DC motor in power-assisted mode. Its 16.7 kg aluminium alloy body is small enough to be tucked away under your desk when you reach the…
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