FAST NEWS: Niu Technologies Q2 Profit Rises 62%

The latest: Electric scooter maker Niu Technologies reported its second-quarter revenue rose 46.5% to 944.7 million yuan ($146 million) year-on-year, while its profit rose 61.6% to 91.8 million yuan, according to its latest quarterly report. Upside: The company expects to post similarly strong revenue growth of 40% to 62% in the third quarter. Downside: Niu Technologies’ revenue per scooter fell 7.3% year-on-year, with the company blaming a “change in product mix.” Digging Deeper: Like many other companies, Niu is bouncing back from a sharp downturn a year earlier during the…

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Scooter Maker Niu Charges in China, But Stuck in Bullpen Globally

Company targets 600 new store openings in China in first half of 2021, raising total count by nearly 40% Key takeaways: Investors are growing cautious on Niu Technologies due to falling prices for its scooters at home and lack of progress internationally The company could still emerge as a major global brand after the pandemic subsides and shipping prices come down By Doug Young Electric scooter maker Niu Technologies (Nasdaq: NIU), whose name means bull in Chinese, is making a major charge in its home China market. But its voice…

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Niu’s Global Sales Hit the Skids, as Domestic Purchases Zoom

Electric scooter specialist blames Covid for overseas sales decline in first quarter, even as business in its home China market rebounds sharply in post-Covid surge Key takeaways: Niu Technologies is emerging as one of China’s top electric scooter makers The company’s international sales have stalled for pandemic-related reasons, but could rebound later this year as more normal conditions return and its distribution improves By Doug Young Electric scooter maker Niu Technologies (Nasdaq: NIU) is a story with many moving parts, some of which were on display in a Tuesday update…

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