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Benzinga

World

The Bamboo Works

Rising Costs, Growing Competition Skewer Shrinking Niu Technologies

NIU Niu Technologies China

Key Takeaways:

Electric scooter maker Niu Technologies’ profit fell 18% in the fourth quarter, squeezed by rising material costs and growing competition
Company forecast revenue growth would slow to 20% to 30% in the first quarter from 47% in the fourth quarter

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