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Chinese electric scooter company
Niu Technologies Company type Public
Traded as
ISIN US65481N1000 Industry Vehicle manufacturing, eMobility Founded 2014 Founder Li Yi'nan, Token Yilin Hu Headquarters Beijing, China
Key people
Yan Li Revenue
US$581 million (2021)
Net income
US$35 million (2021)
Number of employees
500-800 Website https://www.niu.com/
NIU N1 (later renamed NQi) scooter in Vienna
Niu Technologies (Chinese : 牛电科技 ; stylized as NIU ) is an electric scooter company headquartered in Beijing, China.[1] CEO and COO since December 2017.[2] [3]
Niu's products include electric scooters, electric bicycles, e-scooters and electric motorcycles. Niu vehicles include digital displays, Bluetooth connectivity, and mobile apps that let users track their rides, map their routes and monitor battery life.[4] [5]
History [ edit ]
The company was founded in 2014 by Baidu’s former chief technology officer, Li Yinan, and Token Yilin Hu. The first Niu scooters were crowdfunded.[6] lithium-ion batteries as opposed to the cheaper lead-acid alternatives widely used in Chinese e-scooters at the time.[7]
In 2018, it was listed on the NASDAQ stock exchange under the ticker NIU.[8]
In 2019, Revel Transit launched in New York City with 1,000 Niu electric scooters, later expanding to Washington DC, Austin and Miami.[9]
In 2021, Niu expanded its product line to include electric bikes .[10]
In 2023, the company launched its first electric dirt bike called XQi3.[11] [12]
As of 2018, it had sold over 200,000 electric vehicles in 50 countries, and had a market share of 60% in the European electric scooter market.
Niu’s biggest overseas market is Europe which is driven by sharing platforms such as Belgium-based Scooty. Sales in Europe have increased to 16,000 units in 2018 from a few hundred in 2016.[13]
Finances [ edit ]
It had nearly $300M in revenue in 2019.[14]
Year[15]
Total Revenue
(US$ Mil)
Total Income
(US$ Mil)
2018
215
-50
2019
298
27
2020
375
25
2021
581
35
2022
459
-7
References [ edit ]
^ "Yan Li, Niu Technologies: Profile and Biography" . Bloomberg.com . Archived from the original on 2021-04-20. Retrieved 2021-04-20 .
^ Kharpal, Arjun (2021-01-08). "Nasdaq-listed Chinese electric scooter firm Niu Technologies jumps 16% after sales bump" . CNBC . Archived from the original on 2023-04-07. Retrieved 2021-04-20 .
^ "niu" . niu . Archived from the original on 2023-11-10. Retrieved 2022-07-05 .
^ Toll, Micah (2018-06-13). "New NIUs: Chinese electric scooter maker unveils latest two models designed for the streets of Europe" . Electrek . Archived from the original on 2022-07-05. Retrieved 2022-07-05 .
^ Cheng, Evelyn (2018-09-26). "Chinese scooter start-up Niu is taking over Beijing streets, growing quickly in Europe, and is now filing for a US IPO" . CNBC . Archived from the original on 2022-12-24. Retrieved 2024-02-10 .
^ "Chinese escooter maker's stock accelerates 400% on Covid boom" . www.ft.com . Archived from the original on 2023-04-09. Retrieved 2020-11-06 .
^ "NIU filings on SEC.gov" . www.sec.gov . Archived from the original on 2023-04-07. Retrieved 2020-11-06 .
^ O'Kane, Sean (6 January 2020). "China's NIU starts selling its electric mopeds in the US" . The Verge . Archived from the original on 12 January 2021. Retrieved 4 April 2021 .
^ "Niu Technologies expands into e-bikes to grow international market presence" . Bike Europe . 19 October 2021. Archived from the original on 2021-11-13. Retrieved 2021-11-13 .
^ Clos, Jeffrey (2024-01-05). "Niu Technologies Unleashes Its First-Ever Electric Dirt Bike, The XQi3" . CodeX . Archived from the original on 2024-02-14. Retrieved 2024-02-10 .
^ Technologies, N.I.U. "NIU Technologies Launches Its First-Ever Fully Electric Dirt Bike" . www.prnewswire.com (Press release). Archived from the original on 2023-11-12. Retrieved 2024-02-10 .
^ Deng, Iris (2019-07-17). "Chinese electric scooter maker Niu pushes into US despite tariffs" . South China Morning Post . Archived from the original on 2024-02-06. Retrieved 2024-02-10 .
^ "NIU Technologies, NIU:NMQ profile - FT.com" . markets.ft.com . Archived from the original on 2023-04-08. Retrieved 2020-11-06 .
^ "Niu Technologies Financials" . nasdaq . Archived from the original on 2022-10-20. Retrieved 2022-10-16 .
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a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n . ● P r i v a c y p o l i c y ● A b o u t W i k i p e d i a ● D i s c l a i m e r s ● C o n t a c t W i k i p e d i a ● C o d e o f C o n d u c t ● D e v e l o p e r s ● S t a t i s t i c s ● C o o k i e s t a t e m e n t ● M o b i l e v i e w
