Niu Technologies

Niu Technologies designs, manufactures, and sells smart electric-scooters in the People's Republic of China.

The company offers NQi, MQi, UQi, and Gova series e-scooters; RQi and TQi series urban commuter electric motorcycles;
and NIU Aero series professional mountain and road bicycles under the NIU brand name.

It also provides scooter accessories, such as raincoats, gloves, knee pads, storage baskets and tail boxes, smart phone holders,
backrests, and locks; lifestyle accessories, which includes T-shirts, coats, jeans, hats, bags, jewelry, notebook, badges, key chain,
and mugs; and performance upgrade components that comprises of upgraded wheels, shock absorbers, brake calipers,
and carbon fiber body panels. In addition, the company, through its NIU app, offers online repair request, DIY repairs,
service station locator, theft reporting, and smart services, as well as NIU cover, which provides insurance services;
and NIU Care that offers maintenance service and reserve service in offline service stations.

The company sells and services its products through city partners and franchised stores, and third-party e-commerce platforms and the company's online store.

As of December 31, 2019, it operated through 235 city partners and 1,050 franchised stores in approximately 180 cities in the People's Republic of China;
and 29 distributors in 38 countries internationally. The company was founded in 2014 and is headquartered in Beijing, the People's Republic of China.

Niu E-Scooter Sales Jump 68%; Shares Soar 17%

support@smarteranalyst.com (Ben Mahaney)Sun, October 11, 2020, 7:34 AM GMT+2

Shares of Niu Technologies jumped 17.4% on Friday after the Chinese electric scooter maker reported strong sales figures for 3Q. The company said it sold 250,889 e-scooters during the quarter, reflecting a robust 67.9% increase from the year-ago quarter. Moreover, its total deliveries in the first three quarters of 2020 urged 43.2% to 451,187 units on a year-over-year basis.

Niu Technologies (NIU) said that its 3Q deliveries in the Chinese market grew 70.2% to 245,293 unit year-over-year, mainly driven by new products including G0, MQi2 and MQiS. The company shipped 5,596 e-scooters to international markets which reflects a 6.3% increase from the year-ago quarter.

Niu said, “The growth in the international markets was mainly driven by the demand recovery in July and August after the severe impact from COVID-19 in the second quarter. The growth was however negatively affected again by the rebound of COVID-19 since September.” (See NIU stock analysis on TipRanks).

Following the company’s 3Q sales data release, Needham analyst Brad Erickson raised the stock’s price target to $30 (10.9% upside potential) from $23 and reiterated a Buy rating saying that numbers exceeded his expectations. In a note to investors on October 9, Erickson wrote, “We remain bullish on Niu's ability to capture more market share in lower-tier cities & lower ASP [average selling price] markets, evidenced by its successful G series products roll-out.”

Currently, the Street has a cautiously optimistic outlook on the stock with a Moderate Buy analyst consensus. With shares up over 217% year-to-date, the average price target of $26.75 implies a downside potential of about 1.1% to current levels.

https://finance.yahoo.com/news/niu-e-sco...1602624608

Niu Technologies to Release Third Quarter 2020 Results on November 23, 2020

https://finance.yahoo.com/news/niu-techn...kcRYhfAyvy