including a full-size 100 mph (160 km/h) electric motorcycle. 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. FTC: We use income earning auto affiliate links. NIU announced that the company had sold 250,889 electric scooters in Q3 of 2020. Offering an affordable e-scooter is a savvy move in an economically challenged world. Save up $100 on GOTRAX Newest Electric Bikes. 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/. 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. So we’re quite confident and positive about the near future growth in China.”. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. And, a new product launch will make e-scooters more affordable in China while also adding to Niu’s value proposition. 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. (adsbygoogle = window.adsbygoogle || []).push({}); Today, the Beijing-based company released a positive Q3 sales numbers update. 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. 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. I love my NIU NGT Pro as my daily driver! Shares of the electric-scooter maker jumped on a strong quarterly sales report. The availability of considerable number of electric scooter models, coupled with their low cost, is the major factor driving its market growth. Yet, a black-swan event like the spread of the coronavirus was bound to impact this burgeoning market. Bird, the first of the major electric scooter companies to launch in the U.S., is valued at $2 billion. Top Rate Hoverboards Starting at $99.99. In the true spirit of the e-scooter market, ... Stock Quotes, and Market … A mix of tech and autos, these companies are aiming to benefit from a thirst for alternative energy transportation. Probably the most expensive kick scooter in the market. Investors are betting on future profits, not what a company is making today. People seem very interested in low-cost forms of transportation that are environmentally friendly. Subscribe to Electrek on YouTube for exclusive videos. Investment in electric scooter companies and electric bike companies is accelerating — but so is the public backlash against them, clouding hopes for future profits. The electric scooter and electric motorcycle market will be worth $22 billion by 2024. The MarketWatch News Department was not involved in the creation of this content. Niu Technologies stock, therefore, should still have plenty of room to run. The fact is that lockdowns and shelter-in-place mandates made it challenging to sell vehicles of any type. 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. 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. In 2017, scooter category held larger market share in terms of volume. On the basis of product, the electric scooter and motorcycle market has been classified into motorcycle and scooter. 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 … This amazing scooter can reach the incredible top speed of 52 mph. 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%. The ongoing pandemic has helped the direct-to-consumer scooter market, too. Electric scooter manufacturer Govecs will be going public at the Frankfurt Stock Exchange this autumn. By early 2020, there were seemingly no problems on the horizon. Bird launched its scooters in September of 2017. 2020 InvestorPlace Media, LLC. 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 … A recent surge of interest has grown around the electric vehicle (EV) industry. 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. So what. 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). China is NIU’s largest market by far, with 245,293 of those electric scooters being sold domestically. Its battery is … Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. China is NIU’s largest market by … Copyright © 2020 InvestorPlace Media, LLC. Their next objectives will be to break through $20 and $22 on strong volume and, just as importantly, to hold those key levels. So, as we might expect, sales and revenues declined on a year-over-year basis during the first quarter. That marks a year over year growth of 67.9%. 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. By March 23, the stock was approaching the $6 area. “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. 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. This feat makes it the fastest electric scooter on the current market. Raptor CZ. This is maybe too fast for such a little scooter, but who cares. 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. 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. With blazing-fast top speeds of 40mph and a … Consumers will be able to choose between “sports” and “tour” offerings. The leading electric scooter company NIU has been on a tear lately, which has been reflected in its soaring stock price. Price tag of the Electric BR2 Rover starts at $5.950. 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. Unfortunately, the onset of the coronavirus created a speed bump for NIU shares. 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. The NIU stock price suggests that traders are already positioning themselves for more upside. 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 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. All rights reserved. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. 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 … E-scooter market share South Korea 2020, by manufacturer E-scooter market share South Korea 2020, by size Italy: electric car charging points … 1125 N. Charles St, Baltimore, MD 21201. People use a smartphone to unlock LimeBike shared electric scooters on the Embarcadero in San Francisco. 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. Up at the highest price echelons of the price market, the Inokim Oxo Electric Scooter has an awful lot going for it. The latest electric kick scooter with a superfast top speed of 80 kph. 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%. Nasdaq When you have names like Tesla reaching record highs in the stock market, it’s hard not to notice. Copyright © The G0 is part of the company’s Gova series. However, it appears that Niu is already engineering a turnaround. The e-scooter movement was underway at the start of 2020. [1] This data might not sound perilous unless you multiply the count by nearly 97 million cars produced in 2017. It is powered by two 1800W motors and it can easily climb hills. SoftBank-backed India's Ola to invest $326 million in electric-scooter plant. 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. Niu is not only in the right market at the right time, but also in the right geographic location to sell e-scooters. Indeed, April was a pivotal month for Niu as the company returned to day-to-day operations. We’ve written before about electric scooters, an article which has since become one of our most popular daily reads for whatever reason. But the company’s recovery is well underway now. Specifically, it’s an affordable e-scooter called the G0. Save and Get Free Shipping on the Xr Ultra Electric Scooter – on Amazon. The new NIU MQi2 and MQiS have also led to increased sales in NIU’s domestic market. 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. We’ve also written before about bike sharing, something that took China by storm. 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. 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. 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