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Benzinga

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Anusuya Lahiri

Niu's Massive China Growth Offsets Global Slump

NIU China Niu Technologies

Penang,,Malaysia,-,Dec,21,,2018.,Interior,View,Of,Niu

Chinese electric scooter company Niu Technologies (NASDAQ:NIU) stock rose Monday after it reported its third-quarter results.

Niu reported a quarterly revenue growth of 65.4% year-over-year (Y/Y) to $237.94 million (1.69 billion Chinese yuan), driven by a 49.1% increase in sales volume complemented by an 11.0% increase in revenues per e-scooter.

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