Niu Technologies
Niu Technologies (Chinese: 牛电科技; stylized as NIU) is an electric scooter company, headquartered in Changzhou, China.[1] Its CEO and COO has been Yan Li since December 2017.[2][3]
Early on, the company differentiated itself by using lithium-ion batteries, as opposed to cheaper lead-acid alternatives that were widely used in Chinese e-scooters at the time.[4] It had $300M in revenue in 2019.[5] As of November 2020, 98% of its sales were in China.
In 2018, the company was listed on the NASDAQ stock exchange under the ticker NIU.[6]
Niu have supplied scooters for several hire schemes. Revel Transit launched in New York City in 2019 with 1,000 Niu mopeds, since expanding to Washington DC, Austin and Miami.[7] In 2021 Lime began a pilot program in Washington DC and Paris.[8]
In 2021, Niu expanded its product line to include electric bikes.[9]
References[]
- ^ "Niu Technologies - Company Profile and News". Bloomberg.com. Retrieved 2020-11-06.
- ^ "Yan Li, Niu Technologies: Profile and Biography". Bloomberg.com. Retrieved 2021-04-20.
- ^ Kharpal, Arjun (2021-01-08). "Nasdaq-listed Chinese electric scooter firm Niu Technologies jumps 16% after sales bump". CNBC. Retrieved 2021-04-20.
- ^ "Chinese escooter maker's stock accelerates 400% on Covid boom". www.ft.com. Retrieved 2020-11-06.
- ^ "NIU Technologies, NIU:NMQ profile - FT.com". markets.ft.com. Retrieved 2020-11-06.
- ^ "NIU filings on SEC.gov". www.sec.gov. Retrieved 2020-11-06.
- ^ O'Kane, Sean (6 January 2020). "China's NIU starts selling its electric mopeds in the US". The Verge. Retrieved 4 April 2021.
- ^ Hawkins, Andrew J. (27 January 2021). "Lime adds electric mopeds to its lineup of scooters and bikes". The Verge. Retrieved 4 April 2021.
- ^ "Niu Technologies expands into e-bikes to grow international market presence". Bike Europe. Retrieved 2021-11-13.
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- 2014 establishments in China
- Companies based in Changzhou
- Electric scooters
- Chinese company stubs