This is a completed and painted, fixed-pose figure.
From the Good Smile Company website:
"Pop Up Parade" is a new series of figures that are easy to collect with affordable prices and releases planned just four months after preorders begin! Each figure stands around 17-18cm in height and the series features a vast selection of characters from popular anime and game series, with many more to be added soon!
The fifth figure in the series is Racing Miku 2010 Ver. from the 2010 Racing Miku GT Project! Illustrator redjuice's mechanic style design has been faithfully recreated, including Miku's unique heels, her tools and her adorable smile. The figure has been painted to accurately reflect the different textures each material, making for a truly stunning appearance.