|Over a month ago|
Niu Technologies initiated with a Hold at Jefferies » 08:2504/1404/14/22
Jefferies analyst Kelly…
Jefferies analyst Kelly Zou initiated coverage of Niu Technologies with a Hold rating and $10.50 price target as part of starting coverage on three names in China's electric two-wheeler sector. Zou expects the sector's total addressable market to expand by greater than a 10% CAGR over 2021-25 and expects the three stock picks - Yadea, Ninebot and NIU - to gain market share domestically and overseas with their cost and technology leadership, but cites a preference for Yadea and Ninebot above Niu.
Niu Technologies price target lowered to $35 from $39 at Citi » 06:0003/0803/08/22
Citi analyst Beatrice Lam…
Citi analyst Beatrice Lam lowered the firm's price target on Niu Technologies to $35 from $39 and keeps a Buy rating on the shares. The company reported "solid" fiscal 2021 earnings with 52% year-over-year growth in revenue, Lam tells investors in a research note. The analyst trimmed the price target to factor in more conservative margin estimates in light of recent commodity cost increases.
|Over a quarter ago|
Niu Technologies sells 238,188 units in 4Q21 » 07:0201/0401/04/22
Niu Technologies provides…
Niu Technologies provides its sales volume results for the fourth quarter 2021. In the fourth quarter of 2021, NIU sold 238,188 units, including e-motorcycles, e-mopeds, kick-scooters and e-bikes, representing a 58.3% year-over-year growth. The number of units sold in China market reached 205,239, representing a 49.2% year-over-year growth. The number of units sold in the international markets was 32,949, representing an increase of 155.8% year-over-year. The volume is compared on a year-over-year basis instead of on a quarter-over-quarter basis due to strong seasonality in the e-scooter market. The growth in China market was mainly driven by retail network expansion. The Company continued fast retail network expansion and added 422 new stores in China during the fourth quarter 2021. There were 3,108 NIU stores in China at the end of 2021. Out of the total sales volume in the fourth quarter 2021, the entry models, having lower sales price and gross margin compared with other models being sold in China market, represented only 20.7% . The robust growth in the international markets was mainly driven by strong demand for newly rolled out advanced e-motorcycles and accretionary kick-scooters. During the fourth quarter 2021, the sales volume of e-motorcycles and e-mopeds in the international markets reached 17,905, increasing by 39.2% year-over-year. Furthermore, the Company delivered 14,916 units of kick-scooters to Europe and United States in the fourth quarter 2021. The kick-scooters have lower sales prices compared with other products sold in the international markets. In full year 2021, the Company sold approximately 1,037,914 units, representing a 72.5% year-over-year growth. The number of units sold in China market and international markets reached 988,023 and 49,891, respectively. Our sales volume count disclosed above is based on the delivery from our manufacturing facility, which may vary slightly from the sales volume measured from a financial accounting and reporting point of view. NIU's sales volume represents only one measure of the company's financial performance and should not be relied upon as an indicator of quarterly financial results, which depend on a variety of factors, including revenues from accessories, spare parts and services, cost of sales, operating expenses, etc.
Cathie Wood's ARK Investment bought 206K shares of Niu Technologies on Tuesday 20:4312/2112/21/21
Niu Technologies teases new EV announcement for EICMA 2021, Electrek reports » 11:0111/1711/17/21
NIU may have a new…
NIU may have a new electric vehicle in the works based on a teaser sent out by the company, Electrek's Micah Toll reports. The company, which will present at EICMA 2021 next week, teased "This year at EICMA we continue to expand our urban mobility portfolio and meet the needs of a wider range of urban commuters than ever before! From our high performance vehicles to our micromobility solutions, we have plenty to showcase at the largest 2-wheel event in Europe," which Toll says may suggest NIU is planning to announce a new vehicle. Reference Link
Niu Technologies appoints Fion Zhou as chief financial officer » 05:2010/1910/19/21
Niu Technologies (NIU)…
Niu Technologies (NIU) announced that the board of directors of the company has appointed Fion Zhou as the new chief financial officer with an effective date November 15. Fion Zhou will bring to NIU 15 years of experience working in financial and public companies. Prior to joining NIU, she served as the chief financial officer of Sogou (SOGO), where she led financial operations, legal matters, strategic investment, investor relationship and internal controls.
UBS suspends Niu Technologies rating after initiating with a Sell » 07:5008/0908/09/21
UBS analyst Wei Shen…
UBS analyst Wei Shen initiated coverage of Niu Technologies with a Sell rating and $15 price target, but then suspended the rating and price target "because of an error" in valuation methodology, the firm announced an "erratum" notice that was issued after the initial research note was published. "The recommendation in this report is no longer current and should not be relied upon," the firm stated in its notice.
Niu Technologies initiated with a Sell at UBS » 07:0608/0908/09/21
UBS initiated coverage of…
UBS initiated coverage of Niu Technologies with a Sell rating and $15 price target.
Electric vehicles will represent 94% of new car sales by 2040, says Piper » 06:5706/2206/22/21
TSLA, NIO, VWAGY, GM, HYMTF, NIU, APTV
After assembling a…
After assembling a brand-by-brand, region-by-region forecast, Piper Sandler analyst Alexander Potter thinks battery electric vehicles will represent 18% of new vehicle sales in 2025, 45% in 2030 and 94% by 2040. This equates to 18M units in 2025, 45M units in 2030 and 81M units in 2040, Potter tells investors in a research note. He believes China and Europe should lead the transition, with battery electric vehicles representing around a quarter of sales in 2025. By the mid/late 2020s, the analyst thinks all global regions "will be embracing BEVs with gusto." He expects Tesla (TSLA) and newly-formed battery electric vehicles specialists to win share in the coming years. Among incumbents, Volkswagen (VWAGY), General Motors (GM) and Hyundai Motor (HYMTF) are best positioned, says Potter. Tesla is still his favorite way to invest in rising battery electric vehicle sales.