Bike porn

The top and down tubes appear to be adjustable which could alter the head tube angle.

The head tube looks as if it also has a pivot point.

The designer may be brighter than you though[t].

probably, but looking at other image, it's pretty clear the saddle height can't be adjusted, unless it's a coaster hubs, there's no brake, tyres are not inflatable, and the pivot point I can't really see or read anymore information on that, after all it's just a prototype to show the folding wheels I suppose.

Even the chain is removable;