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Niu Passes 1 Million Scooter Milestone On Surging Overseas Sales

Jan. 05, 2022 11:46 AM ETNiu Technologies (NIU)1 Comment
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  • Niu Technologies’ domestic sales growth slowed to 49% in the fourth quarter, even as international sales surged on strong demand for its new kick scooter models.
  • Company’s shares sank 5% after release of the fourth-quarter data, though stock still remains relatively strongly valued compared with peers.
  • After staying stuck at 5% or less of its total sales for years, Niu’s international business suddenly surged by 156% in the fourth quarter year-on-year to reach nearly 33,000 units.

Electric scooter

BrianAJackson/iStock via Getty Images

Electric scooter maker’s international sales more than doubled in the fourth quarter, even as its domestic growth slowed sharply amid rising competition.

The latest quarterly update issued Wednesday by electric scooter maker Niu Technologies

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Comments (1)

mattgru profile picture
Kick scooters are not electric? should be called e-kick if they are.
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