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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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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