Niu Technologies said it sold 250,889 e-scooters in the third quarter, up 67.9% from a year ago; sales in China, where nearly all of its business comes from, were up 70.2%. The NIU stock price suggests that traders are already positioning themselves for more upside. While NIU has been quickly expanding its international sales, many of its international markets, including the US market, are still reeling from the COVID-19 pandemic. GOTRAX Announces 2020 Holiday Sale on Limited Stock of Electric Scooters, Kick Scooter, E Bikes on GOTRAX.com and Amazon ... electric scooter, or the next big thing. https://finance.yahoo.com/news/big-firms-investing-rented-e-125112398.html Article printed from InvestorPlace Media, https://investorplace.com/2020/06/niu-technologies-stock-e-scooters-electric-vehicles/. While I expected NIU to recover quickly and for the company’s stock price to follow suit, I must say I didn’t expect it to be this dramatic. The Rover has a charging time of 4 hours with only 18 cents cost of electricity. A recent surge of interest has grown around the electric vehicle (EV) industry. NIU announced that the company had sold 250,889 electric scooters in Q3 of 2020. [1] This data might not sound perilous unless you multiply the count by nearly 97 million cars produced in 2017. Unfortunately, the onset of the coronavirus created a speed bump for NIU shares. The market for electric scooters is booming, with companies like LimeBike, Spin and Bird appealing to consumers in big cities who are looking for quick, ... Stock Quotes, and Market … The new NIU MQi2 and MQiS have also led to increased sales in NIU’s domestic market. By all indications, Niu Technologies stock was scooting along nicely during the fourth quarter of 2019. So, as we might expect, sales and revenues declined on a year-over-year basis during the first quarter. More. Copyright © 2020 InvestorPlace Media, LLC. We’ve also written before about bike sharing, something that took China by storm. An increase in environmental awareness is, at least in part, helping to drive this trend. All rights reserved. E-scooter market share South Korea 2020, by manufacturer E-scooter market share South Korea 2020, by size Italy: electric car charging points … China, on the other hand, is largely back to business as usual, with personal electric transportation options like electric scooters now seeing increased sales due to COVID-19. Since dropping as low as $6.17 in March of this year early in the pandemic, NIU’s stock price has rebounded dramatically, rising over 320%. Save and Get Free Shipping on the Xr Ultra Electric Scooter – on Amazon; Save up $100 on GOTRAX Newest Electric Bikes; Top Rate Hoverboards Starting at $99.99; Get the Newest Kids Electric Scooter for under $150 – on Amazon (Amazon) December is a time when consumers are looking for the best deals on their holiday gifts and purchases. Subscribe to Electrek on YouTube for exclusive videos. Electric scooters have overrun downtown San Francisco Digital Original Residents of San Francisco, San Diego and Santa Monica have seen so many scooters pop up that the market … But the company’s recovery is well underway now. The MarketWatch News Department was not involved in the creation of this content. 1125 N. Charles St, Baltimore, MD 21201. The Gova lineup “is targeted at the mid-end e-scooter market, representing good value for money and high quality.” A 400-watt motor and a lithium-ion battery will power the G0, and the scooter will be available in two models. SoftBank-backed India's Ola to invest $326 million in electric-scooter plant. In time, more investors should catch on to the e-scooter movement. This powered scooter has a unique design, innovative technical features, durable, efficient batteries and a powerful electric motor. Bird launched its scooters in September of 2017. That marks a year over year growth of 67.9%. And let’s not forget that NIU has incredibly exciting projects in the works right now, including a full-size 100 mph (160 km/h) electric motorcycle. Investment in electric scooter companies and electric bike companies is accelerating — but so is the public backlash against them, clouding hopes for future profits. That marks a year over year growth of 67.9%. This feat makes it the fastest electric scooter on the current market. We’ve written before about electric scooters, an article which has since become one of our most popular daily reads for whatever reason. Get the Newest Kids Electric Scooter for under $150 – on Amazon (Amazon) December is a time when consumers are looking for the best deals on their holiday gifts and purchases. Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. E-scooter makers at CES 2019 say the best market opportunity for such short-range transportation systems could be sales of the devices to urban dwellers and commuters. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. Why Niu Technologies Shares Were Gaining Today | The Motley Fool Latest Stock Picks By early 2020, there were seemingly no problems on the horizon. The electric car market has already received a lot of attention, but electric scooter maker Niu Technologies (NASDAQ:NIU) is part of an industry that has yet to hit the mainstream. The availability of considerable number of electric scooter models, coupled with their low cost, is the major factor driving its market growth. quotes delayed at least 15 minutes, all others at least 20 minutes. NIU announced that the company had sold 250,889 electric scooters in Q3 of 2020. However, it appears that Niu is already engineering a turnaround. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. The electric scooter sharing market in US and Europe is estimated at $743 Million in 2019, growing at 25% CAGR till 2025. Of course I’m a bit biased, seeing as how I love my NIU NGT Pro as my daily driver! In 2017, scooter category held larger market share in terms of volume. Among NIU’s electric scooters, a large portion has consisted of the newly released G0 electric moped, part of the smaller and lighter GOVA line. This is maybe too fast for such a little scooter, but who cares. Now heading into June, the China retail market will most likely continue to improve as many cities like Beijing and Shanghai even suggested no mask necessary when on site. Govecs is particularly aiming at the B2B market, where they intend to focus on vehicle sharing models and “optimal” use of the […] On the basis of product, the electric scooter and motorcycle market has been classified into motorcycle and scooter. The electric scooter and electric motorcycle market will be worth $22 billion by 2024. Reid says “exponential growth” ahead for electric scooter market 29 September, 2020 29 September, 2020 Mark Sutton 1210 Views Australian bike, e-Bike and now e-scooter label Reid suggests that, once private ownership is legalised, those retailers invested in the electric scooter market goods can expect “exponential growth”. The scooter market is a good example. So we’re quite confident and positive about the near future growth in China.”. Indeed, April was a pivotal month for Niu as the company returned to day-to-day operations. Clearly, the stock has momentum, and so does this fascinating electric scooter revolution. Offering an affordable e-scooter is a savvy move in an economically challenged world. The company’s stock, which is listed on the NASDAQ, jumped to an all-time high of $26.42, a daily increase of over 12%. A mix of tech and autos, these companies are aiming to benefit from a thirst for alternative energy transportation. According to a market report published in 2013, the sales of electric motorcycles and scooters is expected to rise over 10-fold by 2018 in North America, to about 36,000 by 2018. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. When you have names like Tesla reaching record highs in the stock market, it’s hard not to notice. People use a smartphone to unlock LimeBike shared electric scooters on the Embarcadero in San Francisco. In addition, the need for personal commuting solution is very high. By March 23, the stock was approaching the $6 area. Up at the highest price echelons of the price market, the Inokim Oxo Electric Scooter has an awful lot going for it. Besides, it is estimated that the global electric motorcycle and scooter market would expand at a formidable CAGR of 7.10% over the period between 2019 and 2027. Electric scooter manufacturer Govecs will be going public at the Frankfurt Stock Exchange this autumn. “Electric Mobility Scooter Market Scenario 2020-2028: This detailed market study covers Electric Mobility Scooter Market growth potentials which can assist the stakeholders to understand key trends and prospects in the Electric Mobility Scooter market identifying the growth opportunities and competitive scenarios. And, a new product launch will make e-scooters more affordable in China while also adding to Niu’s value proposition. Niu is not only in the right market at the right time, but also in the right geographic location to sell e-scooters. Nasdaq The e-scooter movement was underway at the start of 2020. including a full-size 100 mph (160 km/h) electric motorcycle. 1125 N. Charles St, Baltimore, MD 21201. The G0 is part of the company’s Gova series. In the true spirit of the e-scooter market, ... Stock Quotes, and Market … Not everyone is willing or able to go all in on an electric scooter purchase. Specifically, it’s an affordable e-scooter called the G0. China is NIU’s largest market by far, with 245,293 of those electric scooters being sold domestically. Surging concerns over carbon emissions and their harmful effects on human health has boosted the adoption of eco-friendly e-bikes. The electric car market has already received a lot of attention, but electric scooter maker Niu Technologies (NASDAQ: NIU) is part of an industry that has yet to hit the mainstream. Their next objectives will be to break through $20 and $22 on strong volume and, just as importantly, to hold those key levels. On the basis of battery type, the electric scooter market can be segmented as lithium ion (Li-ion), nickel metal hydride (NiMH), and sealed lead acid (SLA). It is powered by two 1800W motors and it can easily climb hills. According to a market report published in 2013, the sales of electric motorcycles and scooters is expected to rise over 10-fold by 2018 in North America, to about 36,000 by 2018. Save up $100 on GOTRAX Newest Electric Bikes. CEO and COO Yan Li explained how the Chinese e-scooter market, and therefore Niu, are already on the road to recovery: “The per store sales has improved by 12% year-over-year in the month of April. Govt's electric vehicle push: Watch out for these 4 stocks which can return up to 26% As compared to other countries, the market share of electric cars is extremely low in India. Among these, Li-ion batteries garner increased consumer traction on the back of their capacity to facilitate high energy density, longer charge cycles, and low self-discharge rates. People seem very interested in low-cost forms of transportation that are environmentally friendly. All rights reserved. The latest electric kick scooter with a superfast top speed of 80 kph. Keep in mind that the recovery from the pandemic happened earlier in China than in the U.S. As further evidence that Niu is moving forward despite the pandemic’s impact, the company released an announcement of a new product launch. "The environmental footprint of the production process for this product is minimal. Today is a great day to take a position in the e-scooter market. Electric Scooters Market Overview: According to the European Environment Agency, 118.5 grams of CO2 per km was the average calculated carbon discharge in 2017 by a newly manufactured car, escalating by 0.4% compared to 2016. The leading electric scooter company NIU has been on a tear lately, which has been reflected in its soaring stock price. Buy Niu Technologies Stock to Test Drive the E-Scooter Revolution, Louis Navellier and the InvestorPlace Research Staff, forecast to reach a whopping $12.5 billion by 2025, sales and revenues declined on a year-over-year basis, the biggest tech revolution of this (or any) generation, The #1 Investing Lesson to Take Into 2021, Buy the Dip in Bitcoin If and When It Comes, Matt McCall and the InvestorPlace Research Staff, Best Stocks For 2021: Fiverr International (FVRR), This Dip-Buying Opportunity With Nio Won’t Last Much Longer, It’s Time to Buy the Dip in Luminar Stock for 500% Gains, OCGN Stock: Why Ocugen Shares Are Soaring 130% Today, Nio Is Looking Ready to Charge Higher Into 2021. The global electric scooter and motorcycle market size is expected to reach $13,864.0 million by 2025, growing at a CAGR of 7.3% during the forecast period. And in June they really stepped on the accelerator pedal, powering the shares all the way up to $18. The advent of Niu’s G0 model could introduce e-scooter technology to a new generation of travelers. The fact is that lockdowns and shelter-in-place mandates made it challenging to sell vehicles of any type. Q3 of 2020 marked a huge return to form for NIU, which sold over half of all its electric scooters this year in Q3 alone. now seeing increased sales due to COVID-19. The scooter is quite competitively priced at just $1,995 with free shipping (plus $400 in documentation/dealer prep so that it arrives ready to ride). (adsbygoogle = window.adsbygoogle || []).push({}); Today, the Beijing-based company released a positive Q3 sales numbers update. Bird, the first of the major electric scooter companies to launch in the U.S., is valued at $2 billion. Niu Technologies stock, therefore, should still have plenty of room to run. The spread of the novel coronavirus did have a negative impact on Niu’s e-scooter sales. In fact, a price ramp-up from $5.50 last summer to the $10 area was in progress during this time frame. Globally, investors put $3.7 billion into electric scooter and electric bike companies in 2018 through Oct. 23. Micah Toll is a personal electric vehicle enthusiast, battery nerd and author of the Amazon #1 bestselling books Electric Motorcycles 2019, DIY Lithium Batteries, DIY Solar Power and the Ultimate DIY Ebike Guide. Electric Scooter and Motorcycle Market Overview. So what. US In US, E-scooter sharing services were aimed at giving a tough fight to the king of transit- car. Its battery is … FTC: We use income earning auto affiliate links. This amazing scooter can reach the incredible top speed of 52 mph. Raptor CZ. Price tag of the Electric BR2 Rover starts at $5.950. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. I think investors are finally waking up to the realization that A) NIU is a dominating force in the electric scooter market, and B) these types of vehicles are only becoming more important in the age of social distancing. With blazing-fast top speeds of 40mph and a … The ongoing pandemic has helped the direct-to-consumer scooter market, too. Electric Scooter Market to 2026 –Global Market Size, Development Status, Top Manufacturers, and Forecasts February 06, 2019 Tags Electric Scooter Market Share English Electric Scooter Market to 2026 Shares of the electric-scooter maker jumped on a strong quarterly sales report. I love my NIU NGT Pro as my daily driver! Save and Get Free Shipping on the Xr Ultra Electric Scooter – on Amazon. Probably the most expensive kick scooter in the market. The total worth of the global electric motorcycle and scooter market is expected to exceed US$ 14.29 Bn by the end of 2027. Sales of electric two-wheelers (including electric scooters and motorcycles) in China are forecast to reach a whopping $12.5 billion by 2025. Top Rate Hoverboards Starting at $99.99. Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. Copyright © You can send him tips at Micah@electrek.co, Elon Musk reveals he looked to sell Tesla to Apple, VW ends electric e-Golf in favor of new ID.3, Pete Buttigieg wants 'millions' of EVs on US roads, You’re reading Electrek— experts who break news about, Electric Vehicle Price Guide – best prices for dealers in the US, NIU stock price jumps 12% after selling quarter-million electric scooters last quarter, quickly expanding its international sales. DENVER, Nov. 24, 2020 /PRNewswire/ -- Today, GOTRAX announces that customers can access Black Friday deals on their products for kids and adults alike.. Below are the sale items: GOTRAX Newest Commuting Electric Scooter under $300 Get the newest top-rated Hoverboard for under $100 Save on RideVOLO's new Stunt Scooters starting at $69.99 Save up to 33% on new Kids Kick … The market for electric scooters is ... San Francisco's Municipal Transportation Agency should notify companies when electric scooter operators can resume business. One result of this project is the new STILRIDE SUS1 electric scooter, which is now introduced to the market. We can’t say we’re totally surprised to see that the Americans have opted to just completely bypass a business m… The global electric scooter and motorcycle industry will be worth $22 billion by 2024, and that has investors salivating over the prospects of getting in early on scooter startups like Bird and Lime. Yet, a black-swan event like the spread of the coronavirus was bound to impact this burgeoning market. 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