Chinese electric scooter company Niu predicts strong sales ahead


This Niu scooter store in Beijing’s Chaoyang district is open daily from about 8 a.m. to 8 p.m.

Evelyn Cheng | CNBC

BEIJING — Almost three years since Chinese electric scooter start-up Niu Technologies listed in the U.S., the company has not only turned profitable but has also shaken off losses from the coronavirus pandemic.

Niu said Monday that second-quarter revenue in China and abroad rose by 46.5% from a year ago to 944.7 million yuan ($146 million), and forecast growth would retain roughly the same pace — or better — in the third quarter.

“We’re seeing the China market really [starting to] pick up in terms of electric scooter consumption,” CEO Yan Li told CNBC’s Martin Soong on “

Source cnbc.com

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