2024-04-11 04:30:00 ET
Summary
- Niu Technologies said its unit sales at home and abroad rose more than 30% in the first quarter, following a tough 2023 when its revenue fell 16%.
- The electric scooter maker’s shares jumped 34% from an all-time low in the week following the announcement.
- Niu seems to be starting to deliver on its promise to go more upmarket and is navigating a difficult market as best it can.
The electric scooter maker reported a sharp upturn in its first quarter sales volume, reversing weak growth throughout last year ...
Read the full article on Seeking Alpha
For further details see:
Is Niu Technologies Ready To Charge Ahead Again?