Half the price, less equipment, and a square instead of a round design: In our test, the Lite version of the two current Xiaomi smartwatches shows a lot of good traits, but also some deficits Xiaomi Mi Watch Lite Review 2022 By Maygen. Updated: Dec 31, 2021 The Xiaomi Mi Watch Lite is here! It’s officially one of the best budget smartwatches on the market in 2022. But, don’t forget the Mi Band 5 is still around (though we’re anticipating a June release for the Xiaomi Mi Band 6). Verdict. The Xiaomi Mi Watch Lite makes a smooth (and affordable) transition from a fitness tracker to a smartwatch. It looks elegant, the battery life is good, and the smartwatch is comfortable to wear. The only real letdown is the screen, which looks outdated. GdPtM.