Niu Technologies

General Information
Business:

 

Our mission is to redefine urban mobility and make life better Our vision is to become the number one brand for urban mobility, powered by design and technology. We are the world’s leading provider of smart urban mobility solutions, according to CIC. We have created a new market category—smart electric two-wheeled vehicles—to redefine urban mobility. Before NIU, smart electric two-wheeled vehicles did not exist in China, where two-wheeled vehicles were perceived low-end. We have changed that perception with our smart e-scooters and premium brand “NIU.” We currently design, manufacture and sell high-performance smart e-scooters. We are the largest lithium-ion battery-powered e-scooters company in China and a leader in Europe in terms of sales volume in 2017, according to CIC. As of June 30, 2018, we had sold more than 431,500 smart e-scooters in China, Europe and other countries. According to CIC, in 2017, we led in China’s lithium-ion battery-powered electric two-wheeled vehicles market with market shares of 26.0% and 39.5% in terms of sales volume and sales value, respectively, compared to 6.7% and 7.0% for the number two player, and we ranked third in the European medium-end e-motorcycle market with a market share of 11.1% in terms of sales volume.

Industry: MOTOR VEHICLES & PASSENGER CAR BODIES
Employees: 348
Founded: 2014
Contact Information
Address No. 10 Wangjing Street, Building A, 11/F, Chaoyang District, Beijing 100102, People's Republic of China
Phone Number +86 10-6432-1899
Web Address http://www.niu.com
View Prospectus: Niu Technologies
Financial Information
Market Cap $669.0mil
Revenues $151.5 mil (last 12 months)
Net Income $-58.6 mil (last 12 months)
IPO Profile
Symbol NIU
Exchange NASDAQ
Shares (millions): 7.0
Price range $9.00 - $9.00
Est. $ Volume $56.0 mil
Manager / Joint Managers Credit Suisse/ Citigroup
CO-Managers Needham & Company
Expected To Trade: 10/19/2018
Status: Priced
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