Niu Technologies Reports 58% Jump In Q2 e-Scooter Sales

  • Urban mobility solutions provider, Niu Technologies' NIU e-scooter sales volume for the second quarter of FY21, grew 58% year-on-year to 252,998 vehicles. 
  • e-scooters sales in China market jumped 58.8% Y/Y, reaching 246,018. 
  • The international market sales were 6,980, a 34.8% growth Y/Y. 
  • New products launch and retail network expansions resulted in bumper sales in the China market while easing COVID-19 business restrictions in Europe and North America helped drive international sales. 
  • The G0 and F0 e-scooter models accounted for 30.4% of total sales in the quarter. 
  • Price action: NIU shares were down 1.19% at $30.84 on the last check Tuesday.
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