E-scooter maker Niu Technologies rises as Q1 sales surge

Niu Technologies

04/04/2022 12:07

** Shares in e-scooter company  NIU.O  up 5.7% at $10.41 in
premarket trading
    ** NIU sold 163,659 units in Q1, representing 9.4% y-o-y
growth  urn:newsml:reuters.com:*:nGNX7WxKGL
    ** Says number of units sold in international markets jumped
193.7% y-o-y, driven by continued demand for kick-scooters since
its launch in H2 2021
    ** The growth of units sold in China market varied month to
month in Q1, mainly due to recent COVID outbreak starting from
mid-February - NIU
    ** As of last close, stock fell ~39% this year
    

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))