Niu rises on stronger second quarter sales volume

Niu Technologies

05/07/2024 09:55

** Shares of electric scooter company Niu Technologies
 NIU.O  rise 5.5% to $1.92 in premarket
    ** Company sold 256,162 units in Q2 2024, compared with
211,996 units a year ago; majority of sales were from China
    ** Co's NXT and N-play models were the top sellers
    ** Up to last close, NIU stock had fallen 16.9% YTD,
compared with a 21.16% increase in the Nasdaq index  .IXIC 

 (Reporting by Nikhil Sharma in Bengaluru)
 ((Nikhil.Sharma@thomsonreuters.com))