Niu Technologies Reports 58% Jump In Q2 e-Scooter Sales

Urban mobility solutions provider, Niu Technologies' (NASDAQ:NIU) e-scooter sales volume for the second quarter of FY21, grew 58% year-on-year to 252,998 vehicles.
e-scooters sales in China market jumped 58.8% Y/Y, reaching 246,018.
The international market sales were 6,980, a 34.8% growth Y/Y.
New products launch and retail network expansions resulted in bumper sales in the China market while easing COVID-19 business restrictions in Europe and North America helped drive international sales.
The G0 and F0 e-scooter models accounted for 30.4% of total sales in the quarter.
Price action: NIU shares were down 1.19% at $30.84 on the last check Tuesday.