Earlier this year Segway was acquired by the Ninebot, the company for which the Chinese cellphone maker Xiaomi is a major shareholder. Following the acquisition, a new Segway device is set to hit store shelves in the form of the Ninebot Mini, which resembles the origial Segway but retails for a fraction of the price. Unlike most self-balancing scooters, handles are replaced by a knee-high steering stick that detects the movement of the rider's legs using Ninebot's "Leansteer" technology. Featuring a range of 22km on a single charge, the scooter can travel up to 16km/h (10 mph) and handle 15 degree hills. It weighs 28 lbs and can be stowed in the trunk of your car, and you can monitor speed, traffic data and systems through your phone. The Ninebot Mini retails for $315 and is set to launch in China on November 3rd.