Xiaomi Ninebot mini unveiled for $316; hoverboard marks the company's first venture into the scooter market

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Chinese tech giant, Xiaomi, known for its products with high specs but low prices has released a hoverboard for only $316 (RMB 1,999 or 204). Called the Ninebot mini, the electric vehicle that looks like a mini Segway is self-balancing, two-wheeled, and powered by a battery.

According to BGR, the hoverboard is from the company that bought Segway Ninebot. It can be remembered that back in April 2015, Xiaomi took part in the $80 million investment in the scooter manufacturer. Based on Forbes, just when Xiaomi invested in Ninebot, the latter bought the American company Segway for an undisclosed price.

To be released in China on November 3, the Ninebot mini weighs 12.8 kilograms or about 28 pounds. Although the actual speed of the hoverboard has not been disclosed yet, BGR suggests that it can be close to the Segway, which can go as fast as 22 kilometers or 14 miles per charge. It has a top speed of 16 km/h or 10 mph and can be fully charged in just four hours.

Meanwhile, Wired UK has reported that the Ninebot mini will have a steering pole in the middle that will go between the knees of the user. Called “Leansteer” technology, the person onboard the mini scooter has to lean towards where he or she wants to go to move forward or backward. The pole will then help “judge the angle.”

Other features as reported by the website include water resistance to IP54, an app that will notify the owner when the scooter has been moved or used, and enough torque to enable it to go up to a slope of about 15 degrees.

The Xiaomi Ninebot mini marks the entry of the tech company into the scooter market. Unfortunately, those living overseas who are interested to get their hands on this device will have to wait a while because no release date has been announced yet for countries other than China.