• Xiaomi is slated to release its own wearable gadget, called Xiaomi Mi smartwatch, within second quarter of 2016.

Xiaomi is slated to release its own wearable gadget, called Xiaomi Mi smartwatch, within second quarter of 2016. (Photo : YouTube/GAESCA)

After confirming that Xiaomi will launch its new Mi Max smartphone, MIUI 8 ROM and the much anticipated Mi Band 2 on May 10, the privately-owned Chinese electronics company confirmed that they are working on their own smartwatch.

Xiaomi's co-founder and VP De Liu confirmed during a Beijing event that the company is in the works to deliver Xiaomi Mi smartwatch to consumer market. It is said that the release of Xioami Mi smartwatch may happen in the second half of 2016. The news of its Q2 2016 release came after the public announcement made by Huami's CEO, who happens to be the company who's responsible in manufacturing Xioami Mi Bands, Android Community reported.

Like Us on Facebook

Although there had been numerous rumors about the development and release of Xiaomi Mi smartwatch, details about the smartwatches' software, hardware and pricing had been scarce. However, reports claim that knowing Xiaomi always deliver devices with high-end specs yet affordable in price, the Xioami Mi smartwatch may surely go against known smartwatches in market such as Apple Watch and Samsung Gear S2.

As of this writing, the only factual information about the upcoming Xiaomi Mi smartwatch is it will be equipped with a large screen and will be packed with health-related functions, NDTV Gadgets reported.

Furthermore, reports claim that Xiaomi is definitely serious in entering the wearable industry, as this is the first time the company acknowledged the existence of their upcoming Mi smartwatch. In addition, prior confirming that they will be releasing their Xiaomi Mi smartwatch this year, the Beijing-based tech company released Xiaomi Mi Bunny - a smartwatch specifically for kids - in China, which is priced at 299 Yuan or $46.

Xiaomi's new smartwatch for kids boasts top-of-the-line security zone feature, allowing parents to monitor and set the daily travel route of their kids. If in case that the child goes beyond the specified range, an emergency notification will immediately be send to the parent's smartphone, detailing the kid's location specifics.

Other features of the Xioami Mi Bunny includes contact storage of up to 12 family members, plus the ability of the child to make and receive voice calls via Mi Bunny's pre-installed SIM.

Meanwhile, along with the confirmation of developing wearable technology, Xiaomi also announced that they are not into developing automobiles - just yet. However, fresh reports suggest that instead of producing automobiles and competing with LeEco, Xiaomi will just produce products to cater the needs of short travels such as electric bikes.

Watch the fan-made video below: