Niu Technologies: Climbs as Q1 e-scooter sales jump

Niu Technologies

06/04/2021 16:31

** Shares in e-scooter company  NIU.O  up 3.8% at $38.04
    ** NIU sold 149,649 e-scooters in Q1, representing a 272.6%
year-over-year growth, driven by sales in China  urn:newsml:reuters.com:*:nGNX9Y30qk
    ** Says number of e-scooters sold in China market reached
144,654, a 321.5% jump
    ** The growth in China market was mainly driven by retail
network expansion, and branding and marketing activities - NIU 
    ** Shares up ~34% YTD, including Tuesday's early gains 

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))