And in June they really stepped on the accelerator pedal, powering the shares all the way up to $18. Electric scooter manufacturer Govecs will be going public at the Frankfurt Stock Exchange this autumn. When you have names like Tesla reaching record highs in the stock market, it’s hard not to notice. The total worth of the global electric motorcycle and scooter market is expected to exceed US$ 14.29 Bn by the end of 2027. This amazing scooter can reach the incredible top speed of 52 mph. Sales of electric two-wheelers (including electric scooters and motorcycles) in China are forecast to reach a whopping $12.5 billion by 2025. I love my NIU NGT Pro as my daily driver! All rights reserved. The global electric scooter and motorcycle market size is expected to reach $13,864.0 million by 2025, growing at a CAGR of 7.3% during the forecast period. That marks a year over year growth of 67.9%. Indeed, April was a pivotal month for Niu as the company returned to day-to-day operations. The leading electric scooter company NIU has been on a tear lately, which has been reflected in its soaring stock price. Consumers will be able to choose between “sports” and “tour” offerings. Clearly, the stock has momentum, and so does this fascinating electric scooter revolution. So what. US In US, E-scooter sharing services were aimed at giving a tough fight to the king of transit- car. Electric Scooter and Motorcycle Market Overview. The electric car market has already received a lot of attention, but electric scooter maker Niu Technologies (NASDAQ:NIU) is part of an industry that has yet to hit the mainstream. Nasdaq China is NIU’s largest market by … We’ve also written before about bike sharing, something that took China by storm. One result of this project is the new STILRIDE SUS1 electric scooter, which is now introduced to the market. "The environmental footprint of the production process for this product is minimal. Electric Scooter Market to 2026 –Global Market Size, Development Status, Top Manufacturers, and Forecasts February 06, 2019 Tags Electric Scooter Market Share English Electric Scooter Market to 2026 now seeing increased sales due to COVID-19. Govecs is particularly aiming at the B2B market, where they intend to focus on vehicle sharing models and “optimal” use of the […] The advent of Niu’s G0 model could introduce e-scooter technology to a new generation of travelers. We’ve written before about electric scooters, an article which has since become one of our most popular daily reads for whatever reason. The availability of considerable number of electric scooter models, coupled with their low cost, is the major factor driving its market growth. In addition, the need for personal commuting solution is very high. The new NIU MQi2 and MQiS have also led to increased sales in NIU’s domestic market. Offering an affordable e-scooter is a savvy move in an economically challenged world. FTC: We use income earning auto affiliate links. The ongoing pandemic has helped the direct-to-consumer scooter market, too. (adsbygoogle = window.adsbygoogle || []).push({}); Today, the Beijing-based company released a positive Q3 sales numbers update. [1] This data might not sound perilous unless you multiply the count by nearly 97 million cars produced in 2017. I think investors are finally waking up to the realization that A) NIU is a dominating force in the electric scooter market, and B) these types of vehicles are only becoming more important in the age of social distancing. Niu Technologies stock, therefore, should still have plenty of room to run. In time, more investors should catch on to the e-scooter movement. Niu is not only in the right market at the right time, but also in the right geographic location to sell e-scooters. Since dropping as low as $6.17 in March of this year early in the pandemic, NIU’s stock price has rebounded dramatically, rising over 320%. This is maybe too fast for such a little scooter, but who cares. Now heading into June, the China retail market will most likely continue to improve as many cities like Beijing and Shanghai even suggested no mask necessary when on site. The e-scooter movement was underway at the start of 2020. E-scooter makers at CES 2019 say the best market opportunity for such short-range transportation systems could be sales of the devices to urban dwellers and commuters. E-scooter market share South Korea 2020, by manufacturer E-scooter market share South Korea 2020, by size Italy: electric car charging points … Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. In 2017, scooter category held larger market share in terms of volume. Why Niu Technologies Shares Were Gaining Today | The Motley Fool Latest Stock Picks Q3 of 2020 marked a huge return to form for NIU, which sold over half of all its electric scooters this year in Q3 alone. Bird, the first of the major electric scooter companies to launch in the U.S., is valued at $2 billion. By all indications, Niu Technologies stock was scooting along nicely during the fourth quarter of 2019. Electric Scooters Market Overview: According to the European Environment Agency, 118.5 grams of CO2 per km was the average calculated carbon discharge in 2017 by a newly manufactured car, escalating by 0.4% compared to 2016. The global electric scooter and motorcycle industry will be worth $22 billion by 2024, and that has investors salivating over the prospects of getting in early on scooter startups like Bird and Lime. The Rover has a charging time of 4 hours with only 18 cents cost of electricity. On the basis of product, the electric scooter and motorcycle market has been classified into motorcycle and scooter. It is powered by two 1800W motors and it can easily climb hills. In fact, a price ramp-up from $5.50 last summer to the $10 area was in progress during this time frame. The spread of the novel coronavirus did have a negative impact on Niu’s e-scooter sales. Micah Toll is a personal electric vehicle enthusiast, battery nerd and author of the Amazon #1 bestselling books Electric Motorcycles 2019, DIY Lithium Batteries, DIY Solar Power and the Ultimate DIY Ebike Guide. According to a market report published in 2013, the sales of electric motorcycles and scooters is expected to rise over 10-fold by 2018 in North America, to about 36,000 by 2018. The market for electric scooters is ... San Francisco's Municipal Transportation Agency should notify companies when electric scooter operators can resume business. More. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. Not everyone is willing or able to go all in on an electric scooter purchase. CEO and COO Yan Li explained how the Chinese e-scooter market, and therefore Niu, are already on the road to recovery: “The per store sales has improved by 12% year-over-year in the month of April. Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. Price tag of the Electric BR2 Rover starts at $5.950. The scooter is quite competitively priced at just $1,995 with free shipping (plus $400 in documentation/dealer prep so that it arrives ready to ride). Buy Niu Technologies Stock to Test Drive the E-Scooter Revolution, Louis Navellier and the InvestorPlace Research Staff, forecast to reach a whopping $12.5 billion by 2025, sales and revenues declined on a year-over-year basis, the biggest tech revolution of this (or any) generation, The #1 Investing Lesson to Take Into 2021, Buy the Dip in Bitcoin If and When It Comes, Matt McCall and the InvestorPlace Research Staff, Best Stocks For 2021: Fiverr International (FVRR), This Dip-Buying Opportunity With Nio Won’t Last Much Longer, It’s Time to Buy the Dip in Luminar Stock for 500% Gains, OCGN Stock: Why Ocugen Shares Are Soaring 130% Today, Nio Is Looking Ready to Charge Higher Into 2021. While I expected NIU to recover quickly and for the company’s stock price to follow suit, I must say I didn’t expect it to be this dramatic. We can’t say we’re totally surprised to see that the Americans have opted to just completely bypass a business m… So, as we might expect, sales and revenues declined on a year-over-year basis during the first quarter. Investment in electric scooter companies and electric bike companies is accelerating — but so is the public backlash against them, clouding hopes for future profits. Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. China, on the other hand, is largely back to business as usual, with personal electric transportation options like electric scooters now seeing increased sales due to COVID-19. DENVER, Nov. 24, 2020 /PRNewswire/ -- Today, GOTRAX announces that customers can access Black Friday deals on their products for kids and adults alike.. Below are the sale items: GOTRAX Newest Commuting Electric Scooter under $300 Get the newest top-rated Hoverboard for under $100 Save on RideVOLO's new Stunt Scooters starting at $69.99 Save up to 33% on new Kids Kick … Copyright © 2020 InvestorPlace Media, LLC. including a full-size 100 mph (160 km/h) electric motorcycle. This feat makes it the fastest electric scooter on the current market. The latest electric kick scooter with a superfast top speed of 80 kph. Copyright © Top Rate Hoverboards Starting at $99.99. An increase in environmental awareness is, at least in part, helping to drive this trend. Shares of the electric-scooter maker jumped on a strong quarterly sales report. Their next objectives will be to break through $20 and $22 on strong volume and, just as importantly, to hold those key levels. The NIU stock price suggests that traders are already positioning themselves for more upside. All rights reserved. People seem very interested in low-cost forms of transportation that are environmentally friendly. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. By March 23, the stock was approaching the $6 area. GOTRAX Announces 2020 Holiday Sale on Limited Stock of Electric Scooters, Kick Scooter, E Bikes on GOTRAX.com and Amazon ... electric scooter, or the next big thing. 1125 N. Charles St, Baltimore, MD 21201. Reid says “exponential growth” ahead for electric scooter market 29 September, 2020 29 September, 2020 Mark Sutton 1210 Views Australian bike, e-Bike and now e-scooter label Reid suggests that, once private ownership is legalised, those retailers invested in the electric scooter market goods can expect “exponential growth”. Electric scooters have overrun downtown San Francisco Digital Original Residents of San Francisco, San Diego and Santa Monica have seen so many scooters pop up that the market … But the company’s recovery is well underway now. Investors are betting on future profits, not what a company is making today. A recent surge of interest has grown around the electric vehicle (EV) industry. While NIU has been quickly expanding its international sales, many of its international markets, including the US market, are still reeling from the COVID-19 pandemic. Besides, it is estimated that the global electric motorcycle and scooter market would expand at a formidable CAGR of 7.10% over the period between 2019 and 2027. A mix of tech and autos, these companies are aiming to benefit from a thirst for alternative energy transportation. Subscribe to Electrek on YouTube for exclusive videos. Up at the highest price echelons of the price market, the Inokim Oxo Electric Scooter has an awful lot going for it. NIU announced that the company had sold 250,889 electric scooters in Q3 of 2020. Save up $100 on GOTRAX Newest Electric Bikes. Specifically, it’s an affordable e-scooter called the G0. Raptor CZ. The G0 is part of the company’s Gova series. 1125 N. Charles St, Baltimore, MD 21201. The Gova lineup “is targeted at the mid-end e-scooter market, representing good value for money and high quality.” A 400-watt motor and a lithium-ion battery will power the G0, and the scooter will be available in two models. And let’s not forget that NIU has incredibly exciting projects in the works right now, including a full-size 100 mph (160 km/h) electric motorcycle. In the true spirit of the e-scooter market, ... Stock Quotes, and Market … Keep in mind that the recovery from the pandemic happened earlier in China than in the U.S. As further evidence that Niu is moving forward despite the pandemic’s impact, the company released an announcement of a new product launch. The scooter market is a good example. https://finance.yahoo.com/news/big-firms-investing-rented-e-125112398.html However, buyers stepped in and showed that Niu Technologies stock wasn’t out of gas. NIU announced that the company had sold 250,889 electric scooters in Q3 of 2020. Save and Get Free Shipping on the Xr Ultra Electric Scooter – on Amazon. The company plans to invest the additional money from investors in production capacities, product line-up and distribution networks. Of course I’m a bit biased, seeing as how I love my NIU NGT Pro as my daily driver! The company’s stock, which is listed on the NASDAQ, jumped to an all-time high of $26.42, a daily increase of over 12%. So we’re quite confident and positive about the near future growth in China.”. Bird launched its scooters in September of 2017. Its battery is … 2020 InvestorPlace Media, LLC. Article printed from InvestorPlace Media, https://investorplace.com/2020/06/niu-technologies-stock-e-scooters-electric-vehicles/. According to a market report published in 2013, the sales of electric motorcycles and scooters is expected to rise over 10-fold by 2018 in North America, to about 36,000 by 2018. quotes delayed at least 15 minutes, all others at least 20 minutes. The market for electric scooters is booming, with companies like LimeBike, Spin and Bird appealing to consumers in big cities who are looking for quick, ... Stock Quotes, and Market … Among these, Li-ion batteries garner increased consumer traction on the back of their capacity to facilitate high energy density, longer charge cycles, and low self-discharge rates. Yet, a black-swan event like the spread of the coronavirus was bound to impact this burgeoning market. That marks a year over year growth of 67.9%. By early 2020, there were seemingly no problems on the horizon. Niu Technologies said it sold 250,889 e-scooters in the third quarter, up 67.9% from a year ago; sales in China, where nearly all of its business comes from, were up 70.2%. However, it appears that Niu is already engineering a turnaround. China is NIU’s largest market by far, with 245,293 of those electric scooters being sold domestically. Today is a great day to take a position in the e-scooter market. On the basis of battery type, the electric scooter market can be segmented as lithium ion (Li-ion), nickel metal hydride (NiMH), and sealed lead acid (SLA). Get the Newest Kids Electric Scooter for under $150 – on Amazon (Amazon) December is a time when consumers are looking for the best deals on their holiday gifts and purchases. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. You can send him tips at Micah@electrek.co, Elon Musk reveals he looked to sell Tesla to Apple, VW ends electric e-Golf in favor of new ID.3, Pete Buttigieg wants 'millions' of EVs on US roads, You’re reading Electrek— experts who break news about, Electric Vehicle Price Guide – best prices for dealers in the US, NIU stock price jumps 12% after selling quarter-million electric scooters last quarter, quickly expanding its international sales. The fact is that lockdowns and shelter-in-place mandates made it challenging to sell vehicles of any type. SoftBank-backed India's Ola to invest $326 million in electric-scooter plant. This powered scooter has a unique design, innovative technical features, durable, efficient batteries and a powerful electric motor. Globally, investors put $3.7 billion into electric scooter and electric bike companies in 2018 through Oct. 23. The electric scooter sharing market in US and Europe is estimated at $743 Million in 2019, growing at 25% CAGR till 2025. People use a smartphone to unlock LimeBike shared electric scooters on the Embarcadero in San Francisco. The electric motorcycles & scooter market is expected to generate sizeable revenue proceeds over the forthcoming years on account of escalating demand for EVs worldwide. Save and Get Free Shipping on the Xr Ultra Electric Scooter – on Amazon; Save up $100 on GOTRAX Newest Electric Bikes; Top Rate Hoverboards Starting at $99.99; Get the Newest Kids Electric Scooter for under $150 – on Amazon (Amazon) December is a time when consumers are looking for the best deals on their holiday gifts and purchases. With blazing-fast top speeds of 40mph and a … Surging concerns over carbon emissions and their harmful effects on human health has boosted the adoption of eco-friendly e-bikes. Among NIU’s electric scooters, a large portion has consisted of the newly released G0 electric moped, part of the smaller and lighter GOVA line. The electric car market has already received a lot of attention, but electric scooter maker Niu Technologies (NASDAQ: NIU) is part of an industry that has yet to hit the mainstream. Unfortunately, the onset of the coronavirus created a speed bump for NIU shares. “Electric Mobility Scooter Market Scenario 2020-2028: This detailed market study covers Electric Mobility Scooter Market growth potentials which can assist the stakeholders to understand key trends and prospects in the Electric Mobility Scooter market identifying the growth opportunities and competitive scenarios. And, a new product launch will make e-scooters more affordable in China while also adding to Niu’s value proposition. The MarketWatch News Department was not involved in the creation of this content. The electric scooter and electric motorcycle market will be worth $22 billion by 2024. 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