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; NIU Aero series professional mountain and road bicycles; and NIU kick-scooter series kick-scooter and other micro-mobility solutions 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; NIU Care that offers maintenance service and reserve service in offline service stations; and NIU Wash offers free wash coupon on a monthly basis. 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, 2020, it operated through 246 city partners and 1,616 franchised stores in approximately 199 cities in the People's Republic of China; and 36 distributors in 46 countries internationally. The company was incorporated in 2014 and is headquartered in Beijing, the People's Republic of China.
IPO Year: 2018
Exchange: NASDAQ
Website: niu.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/22/2023 | Buy → Neutral | Citigroup | |
2/7/2023 | $11.40 → $5.90 | Buy → Neutral | BofA Securities |
4/14/2022 | $10.50 | Hold | Jefferies |
3/8/2022 | $39.00 → $35.00 | Buy | Citigroup |
8/9/2021 | $15.00 | Sell | UBS |
KQi 100P marks NIU's debut at Kohl's and is a high performance, low cost electric scooter at an affordable $349 MSRPKQi 100F is a highly-transportable, cost-effective electric scooter with foldable handles available in store at Best Buy and online through Amazon, Shopify, Target and Best Buy for $449 LOS ANGELES, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced the launch of two new electric kick scooters - the KQi 100 series - for the 2024 holiday season that will be available in Walmart, Best Buy and Kohl's nationwide. NIU specializes in creating products that uniqu
-- Second Quarter Revenues of RMB 940.5 million, an increase of 13.5% year-over-year -- Second Quarter Net Loss of RMB 24.9 million, compared to Net Loss of RMB 1.9 million in the same period of last year BEIJING, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Revenues were RMB 940.5 million, an increase of 13.5% year-over-yearGross margin was 17.0%, compared with 23.1% in the second quarter of 2023Net loss was RMB 24
BEIJING, July 15, 2024 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU" or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced that it will report its financial results for the second quarter 2024 before the U.S. market opens on Monday, August 12, 2024. The corporate presentation and financial spreadsheets will be posted on NIU's investor relations website at:https://ir.niu.com/financial-information/quarterly-results The Company will host an earnings conference call on Monday, August 12, 2024 at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time) to discuss the financial and business results. To join via phone,
MINNEAPOLIS, July 08, 2024 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced its large-scale retail expansion to over 800+ Best Buy stores, across the United States. This strategic expansion marks a pivotal milestone for the company and will accelerate the widespread adoption of two-wheel electric vehicles across America. Consumers can now shop for NIU's high-performance electric kick-scooters (KQi series) and e-bikes (BQi series) at their local Best Buy store, in addition to online at BestBuy.com and through the Best Buy® Mobile App. Available today, shoppers will be able to find NI
BEIJING, July 04, 2024 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today provides its sales volume results for the second quarter 2024. 2Q 2024 2Q 2023 1H 2024 1H 2023China Market207,552 178,567 317,667 260,085International Markets48,610 33,429 67,634 46,318Total256,162 211,996 385,301 306,403 In the second quarter of 2024, NIU sold 256,162 units, including e-motorcycles, e-mopeds, e-bicycles, kick-scooters and e-bikes. The number of units sold in China market and international markets was 207,552 and 48,610, respectively. In China, the NXT and N-play models maintained their first-quarter mom
-- First Quarter Revenues of RMB 504.7 million, an increase of 21.0% year-over-year -- First Quarter Net Loss of RMB 54.8 million, compared to Net Loss of RMB 60.3 million in the same period of last year BEIJING, May 20, 2024 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Revenues were RMB 504.7 million, an increase of 21.0% year-over-yearGross margin was 18.9%, compared with 21.7% in the first quarter of 2023Net loss was RMB 54.8 million, compared with net loss o
BEIJING, April 24, 2024 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission. The annual report on Form 20-F can be accessed on the Company's investor relations website at [email protected]. The Company will provide a hard copy of the Form 20-F containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company's IR Department at [email protected]. About Niu Technologies As the world
BEIJING, April 22, 2024 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU" or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced that it will report its financial results for the first quarter 2024 before the U.S. market opens on Monday, May 20, 2024. The corporate presentation and financial spreadsheets will be posted on NIU's investor relations website at:https://ir.niu.com/financial-information/quarterly-results The Company will host an earnings conference call on Monday, May 20, 2024 at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time) to discuss the financial and business results. To join via phone, participants need to re
BEIJING, China, April 04, 2024 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today provides its sales volume results for the first quarter of 2024. 1Q 2024 1Q 2023 YoY% China Market110,115 81,518 35% International Markets19,024 12,889 48% Total129,139 94,407 37% In the first quarter of 2024, NIU sold 129,139 units, with 110,115 units sold in China market and 19,024 units sold in international markets. In the domestic market, our new products have captured significant mindshare since their launch, collectively accounting for over 50% of the total sales volume in the first quarter. Notably, our
-- Fourth Quarter Revenues of RMB 478.7 million, down 21.8% year over year -- Fourth Quarter Net Loss of RMB 130.2 million, compared to net loss of RMB 37.1 million in the same period of last year -- Full Year Revenues of RMB 2,651.8 million, down 16.3% year over year -- Full Year Net loss of RMB 271.8 million, compared to net loss of RMB 49.5 million in 2022 BEIJING, March 18, 2024 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Revenues were
BEIJING, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announces that the Company has appointed Ms. Fion Wenjuan Zhou as a new director of the board of directors of the Company (the "Board"), effective from December 25, 2023. Ms. Fion Zhou has served as the chief financial officer of the Company since November 2021, and she was awarded "Female CFO of the Year" by the Barron's China in 2022. Prior to joining the Company, she served as the chief financial officer of Sogou Inc. (NYSE:SOGO), a leader in China's internet industry and an innovator in search and artificial intelli
BEIJING, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announces that the board of directors of the Company has appointed Ms. Fion Zhou as the new chief financial officer with effective date November 15th, 2021. Fion Zhou will bring to NIU 15 years of experience working in financial and public companies. Prior to joining NIU, she served as the chief financial officer of Sogou Inc. (NYSE:SOGO), a leader in China's internet industry and an innovator in search and artificial intelligence (AI) since July 2020, where she led financial operations, legal matters, strategic investmen
-- Second Quarter Revenues of RMB 940.5 million, an increase of 13.5% year-over-year -- Second Quarter Net Loss of RMB 24.9 million, compared to Net Loss of RMB 1.9 million in the same period of last year BEIJING, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Revenues were RMB 940.5 million, an increase of 13.5% year-over-yearGross margin was 17.0%, compared with 23.1% in the second quarter of 2023Net loss was RMB 24
BEIJING, July 15, 2024 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU" or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced that it will report its financial results for the second quarter 2024 before the U.S. market opens on Monday, August 12, 2024. The corporate presentation and financial spreadsheets will be posted on NIU's investor relations website at:https://ir.niu.com/financial-information/quarterly-results The Company will host an earnings conference call on Monday, August 12, 2024 at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time) to discuss the financial and business results. To join via phone,
-- First Quarter Revenues of RMB 504.7 million, an increase of 21.0% year-over-year -- First Quarter Net Loss of RMB 54.8 million, compared to Net Loss of RMB 60.3 million in the same period of last year BEIJING, May 20, 2024 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Revenues were RMB 504.7 million, an increase of 21.0% year-over-yearGross margin was 18.9%, compared with 21.7% in the first quarter of 2023Net loss was RMB 54.8 million, compared with net loss o
BEIJING, April 22, 2024 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU" or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced that it will report its financial results for the first quarter 2024 before the U.S. market opens on Monday, May 20, 2024. The corporate presentation and financial spreadsheets will be posted on NIU's investor relations website at:https://ir.niu.com/financial-information/quarterly-results The Company will host an earnings conference call on Monday, May 20, 2024 at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time) to discuss the financial and business results. To join via phone, participants need to re
-- Fourth Quarter Revenues of RMB 478.7 million, down 21.8% year over year -- Fourth Quarter Net Loss of RMB 130.2 million, compared to net loss of RMB 37.1 million in the same period of last year -- Full Year Revenues of RMB 2,651.8 million, down 16.3% year over year -- Full Year Net loss of RMB 271.8 million, compared to net loss of RMB 49.5 million in 2022 BEIJING, March 18, 2024 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Revenues were
BEIJING, Feb. 19, 2024 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU" or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced that it will report its financial results for the fourth quarter and full year 2023 before the U.S. market opens on Monday, March 18, 2024. The corporate presentation and financial spreadsheets will be posted on NIU's investor relations website at:https://ir.niu.com/financial-information/quarterly-results The Company will host an earnings conference call on Monday, March 18, 2024 at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time) to discuss the financial and business results. To join via phone, parti
-- Third Quarter Total Volume of e-scooter sales down 17.1% year over year -- Third Quarter Revenues of RMB 927.0 million, down 19.6% year over year -- Third Quarter Net Loss of RMB 79.4 million, compared to Net Income of RMB 2.9 million in the same period of last year BEIJING, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced its financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Highlights Revenues were RMB 927.0 million, a decrease of 19.6% year over yearGross margin was 21.4%, compared with 22.1% in the third
BEIJING, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU" or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced that it will report its financial results for the third quarter ended September 30, 2023 before the U.S. market opens on Monday, November 20, 2023. The corporate presentation and financial spreadsheets will be posted on NIU's investor relations website at: https://ir.niu.com/financial-information/quarterly-results The Company will host an earnings conference call on Monday, November 20, 2023 at 8:00 AM U.S. Eastern Time (9:00 PM Beijing/Hong Kong Time) to discuss the financial and business results. To join via
-- Second Quarter Total Volume of e-scooter sales up 1.5% year over year -- Second Quarter Revenues of RMB 828.8 million, up 0.1% year over year -- Second Quarter Net Loss of RMB 1.9 million, compared to net income of RMB 14.4 million in the same period of last year BEIJING, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced its financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Highlights Revenues were RMB 828.8 million, an increase of 0.1% year over yearGross margin
BEIJING, July 19, 2023 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU" or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced that it will report its financial results for the second quarter 2023 before the market opens on Monday, Aug 14, 2023. The corporate presentation and financials spreadsheets will be posted on NIU's investor relations website at:https://ir.niu.com/financial-information/quarterly-results. The Company will host an earnings conference call on Monday, Aug 14, 2023 at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time) to discuss the financial and business results. To join via phone, participants need to regis
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Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced its large-scale retail expansion to over 800+ Best Buy stores, across the United States. This strategic expansion marks a pivotal milestone for the company and will accelerate the widespread adoption of two-wheel electric vehicles across America. Consumers can now shop for NIU's high-performance electric kick-scooters (KQi series) and e-bikes (BQi series) at their local Best Buy store, in addition to online at BestBuy.com and through the Best Buy® Mobile App. Available today, shoppers will be able to find NIU's KQi 300P and KQi 300X adult electric scooters
In the second quarter of 2024, NIU sold 256,162 units, including e-motorcycles, e-mopeds, e-bicycles, kick-scooters and e-bikes. The number of units sold in China market and international markets was 207,552 and 48,610, respectively.
Gainers Yoshitsu Co (NASDAQ:TKLF) shares increased by 30.4% to $0.39 during Tuesday's pre-market session. The market value of their outstanding shares is at $16.5 million. GameStop (NYSE:GME) stock rose 23.47% to $23.46. The market value of their outstanding shares is at $8.2 billion. Kirkland's (NASDAQ:KIRK) stock increased by 11.35% to $2.06. The company's market cap stands at $26.8 million. Niu Techs (NASDAQ:NIU) stock increased by 8.51% to $2.18. The market value of their outstanding shares is at $169.2 million. Naas Technology (NASDAQ:NAAS) shares rose 8.49% to $0.46. The market value of their outstanding shares is at $118.4 million. Volcon (NASDAQ:VLCN) stock increased by 8.09% t
Niu Technologies (NASDAQ:NIU) reported a fiscal first-quarter 2024 revenue growth of 21.0% to 504.7 million Chinese yuan ($69.91 million), mainly due to an increase in sales volume of 36.8% partially offset by a decrease in revenues per e-scooter of 11.6%. The company reported earnings per ADS of $(0.10). Adjusted net loss was CNY (48.5) million versus CNY (46.1) million a year ago. The stock price declined after the print. The number of e-scooters sold increased by 36.8% Y/Y to 129,139, with sales in China growing by 35.1%. International e-scooter sales climbed 47.6% to 19,024 units. The number of franchised stores in China was 2,878 as of March 31, 2024. The quarterly gross margin
Business Outlook NIU expects revenues of the second quarter 2024 to be in the range of RMB 912 million to RMB 995 million, representing a year-over-year increase of 10% to 20%.
Niu Technologies (NASDAQ:NIU) reported quarterly losses of $(0.10) per share. This is a 9.09 percent increase over losses of $(0.11) per share from the same period last year. The company reported $69.90 million in sales this quarter. This is a 15.06 percent increase over sales of $60.75 million the same period last year.
Gainers Worksport (NASDAQ:WKSP) shares increased by 5.0% to $0.52 during Friday's after-market session. The company's market cap stands at $12.4 million. Jeffs Brands (NASDAQ:JFBR) shares rose 4.98% to $0.28. The company's market cap stands at $1.6 million. Jiuzi Hldgs (NASDAQ:JZXN) stock moved upwards by 4.69% to $0.38. The company's market cap stands at $44.6 million. Faraday Future (NASDAQ:FFIE) shares increased by 4.04% to $0.05. The company's market cap stands at $2.0 million. Arcimoto (NASDAQ:FUV) stock moved upwards by 3.96% to $0.42. The market value of their outstanding shares is at $4.6 million. Connexa Sports Techs (NASDAQ:YYAI) stock rose 3.71% to $0.75. The company's marke
Key Takeaways: Niu Technologies said its unit sales at home and abroad rose more than 30% in the first quarter, following a tough 2023 when its revenue fell 16% The electric scooter maker’s shares jumped 34% from an all-time low in the week following the announcement By Edith Terry Niu Technologies (NASDAQ:NIU) has had some rough years since the heady days of its Nasdaq listing in October 2018. In 2017, the company, whose name means “bull,” was China’s top seller of lithium-ion battery powered e-scooters, with 26% of the market by unit sales and 39.5% by value. It was third in Europe as well, with 11.1% of the market by unit sales. Its sales zoomed over the next few years, rising from
Shares of Tilray Brands, Inc. (NASDAQ:TLRY) fell sharply during Tuesday’s session after the company missed third-quarter estimates and said it no longer expects to generate positive adjusted free cash flow for the full fiscal year 2024. Tilray Brands reported financial results on Tuesday for its third quarter ended Feb. 29, 2024, revealing $188.3 million in net revenue, representing a 30% year-over-year increase. Net loss decreased to $105 million in the third quarter compared to a net loss of $1.2 billion in the prior year quarter. Tilray Brands shares dipped 22.2% to $2.0152 on Tuesday. Here are some other stocks moving in today's mid-day session. Gainers Laser Photonics Corporatio
Gainers Selina Hospitality (NASDAQ:SLNA) stock increased by 75.2% to $0.07 during Tuesday's regular session. The market value of their outstanding shares is at $21.1 million. Connexa Sports Techs (NASDAQ:CNXA) shares increased by 32.74% to $0.54. The company's market cap stands at $98.9 million. Aterian (NASDAQ:ATER) stock increased by 25.18% to $3.43. The market value of their outstanding shares is at $26.3 million. Niu Techs (NASDAQ:NIU) stock rose 22.77% to $2.21. The company's market cap stands at $171.3 million. Faraday Future (NASDAQ:FFIE) stock moved upwards by 18.88% to $0.11. The market value of their outstanding shares is at $4.5 million. Massimo (NASDAQ:MAMO) stock increased
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Citigroup downgraded Niu Technologies from Buy to Neutral
BofA Securities downgraded Niu Technologies from Buy to Neutral and set a new price target of $5.90 from $11.40 previously
Jefferies initiated coverage of Niu Technologies with a rating of Hold and set a new price target of $10.50
Citigroup reiterated coverage of Niu Technologies with a rating of Buy and set a new price target of $35.00 from $39.00 previously
UBS initiated coverage of Niu Technologies with a rating of Sell and set a new price target of $15.00
Daiwa Capital Markets initiated coverage of Niu Technologies with a rating of Outperform and set a new price target of $41.50
Daiwa Capital initiated coverage of Niu Technologies with a rating of Outperform and set a new price target of $41.50
Daiwa Capital Markets initiated coverage of Niu Technologies with a rating of Outperform
Citigroup reiterated coverage of Niu Technologies with a rating of