Asian Spectator

ACN Newswire Business

Urban Mobility Gets More Exciting with New Vehicles from NIU

  • Written by ACN Newswire
Urban Mobility Gets More Exciting with New Vehicles from NIU
BEIJING, Apr 12, 2019 - (ACN Newswire) - NIU Technologies ("NIU", or "the company") (NASDAQ: NIU), the world's leading provider of smart urban mobility solutions, today announced that the company launched two all-new e-scooter models, the U+ and US, together with a new lifestyle brand category, NIU AERO. NIU AERO features high-performance sports bicycles with the spirit of "BEYOND SPEED".

"Our customers value a scooter-riding experience that is convenient, joyful and safe," commented NIU Technologies' CEO Dr. Yan Li. Li emphasized that NIU is delivering on this commitment, having sold over 640,000 e-scooters worldwide since inception. Those scooters have logged over 24 billion cumulative kilometers of riding pleasure in over 170 cities in China and 27 countries overseas.

U Series Products Tailored to Unique Needs of China Market

The new U models, U+ and US, feature an upgraded smart battery, which is the fourth generation of the Company's NIU EnergyTM technology. Featuring more power in a smaller, lighter form factor, this battery helps make the new U models completely compliant with the recently implemented National Standards for Electric Bicycles. Effective nationwide on April 15, 2019, those regulations limit the weight at which a vehicle can qualify as an unlicensed "scooter" rather than a motorcycle. NIU believes the regulations will redefine the two-wheeler industry in China, causing the rapid phase-out of traditional lead acid-powered scooters. NIU's modern lithium-ion battery technology enables it to easily offer compliant scooters that do not compromise on performance, safety, and style.

NIU Energy technology achieves its power and weight objectives through an optimized state-of-charge algorithm, a dynamic self-learning battery management system, and configurable field-oriented control. These technologies enable an improved powertrain, greater riding distance, and longer battery life. In addition, the U+ and US are installed with the latest V3.5 ECU, leading to enhanced performance, sustainability and safety. The new models follow the design philosophy of the U family, which has won seven major international design awards, including the German Red Dot and IF, the United States iDEA, the Japanese G-Mark, the Chinese Red Star.

New Sports Bike Category "NIU AERO" with the spirit of "BEYOND SPEED"

The company today also launched its new lifestyle category NIU AERO, featuring high-performance sports bicycles with the spirit of "BEYOND SPEED". NIU AERO includes professional mountain bikes and road bikes, offering a rich set of options for bicycle enthusiasts. Cycling is consistently gaining popularity because it represents a healthy and positive attitude, especially in metropolitan areas. NIU AERO bicycles incorporate the same design concepts that make the Company's scooters wildly popular: lightweight yet strong, integration of aerodynamics and ergonomics, and smart connectivity. NIU AERO intends to make the cycling experience more delightful than ever.

NIU Expands its Global Presence

NIU believes that micro-mobility is the wave of the future, as giant population centers around the world grapple with the issue of transporting growing populations quickly, safely, and pleasantly in a sustainable, environmentally-friendly manner. NIU's smart urban mobility solutions solve these issues by making urban life simpler, affordable and joyful, with faster transit, less congestion and zero emissions. NIU believes the market for its products spans the globe.

In earlier Q4 earnings report, NIU announced that the company has entered into a definitive Development Collaboration Agreement with Volkswagen Group in Germany regarding joint development of Micro-mobility solutions.

Based on this confident outlook, NIU today announced its entry in the Korean and U.S. markets. On March 28 at the Seoul Motor Show, NIU announced the initial models that are now available in Korea. Initial interest was high, and the Company anticipates strong demand as it builds out distribution in the country.

In the U.S., NIU recently received Federal government approval to sell e-scooters nationwide. NIU has already received its first order for 1000 units, which will ship in late April.

As of the product release day, the stock of NIU priced at USD 11.85 with market capitalization of USD 880.9 million, 30% higher than IPO price.

Topic: Press release summarySectors: Daily Finance, Daily News[1][2] http://www.acnnewswire.com From the Asia Corporate News Network

Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

References

  1. ^ Daily Finance (www.acnnewswire.com)
  2. ^ Daily News (www.acnnewswire.com)

Authors: ACN Newswire

Read more http://www.acnnewswire.com/press-release/english/51142/

Leveraging On Hotel Pricing Strategy

Open your mind beyond rate parity. Reshape the way hotels sell rooms online SINGAPORE - Media OutReach - 10 July 2019 - From our findings from the past year, hotels in the Asia Pacific ar...

AAIC(R) 2019 Highlights New Research Showing Healthy Lifestyle...

LOS ANGELES, July 18, 2019 /PRNewswire-AsiaNet/ -- -- International Conference Also Included Expert Discussion on Role of Infectious Agents in Alzheimer's Disease, and Advances Towards a Blo...

Wavecell Acquired by 8x8, Enabling 8x8 to Enter Global Communi...

SINGAPORE, July 17, 2019 /PRNewswire-AsiaNet/ -- - Wavecell extends 8x8's single-technology, cloud platform to include service delivery capabilities and APIs for SMS, Chat Apps, Voice and Vi...

Mindtree Reports 10.3% y-o-y Revenue Growth

WARREN, New Jersey and BANGALORE, India, July 17 /PRNewswire-AsiaNet/ -- Mindtree, a global technology services and Digital transformation company, guiding it's clients to achieve faster bus...

Blockchain Start-up RENDBO Ready to Launch Pre-ICO

LONDON, July 17, 2019 /PRNewswire-AsiaNet/ -- Eco Smart Energies Ltd (www.renbdo.io) is pleased to reveal that the company is now ready to start the pre-ICO campaign for their upcoming proje...

Management Change at TEMSA

ADANA, Turkey, July 18, 2019 /PRNewswire-AsiaNet / -- Aslan Uzun, is appointed as the Representative of Board of Directors and CEO of TEMSA Aslan Uzun is appointed as the Representative of B...

Viettel Sets Off A Digital Revolution In Vietnam Through Its N...

HANOI, Vietnam, July 17, 2019 /PRNewswire-AsiaNet/ -- Amid rapid technological developments, tech companies are in a race to equip the local population with the latest developments and inven...

Star-studded Seamaster T2 Diamond 2019 Malaysia Set To Sparkle

JOHOR BAHRU, Malaysia, July 17, 2019 /PRNewswire-AsiaNet/ -- -Olympic Champion Ding Ning and 2017 Women's Champion Bernadette Szocs meet in first round battle as the world's Top 16 Men's and...

Fifth Wall Closes New $503 Million Fund, the Largest Real Esta...

LOS ANGELES, July 17, 2019 /PRNewswire-AsiaNet/ -- -- With over $1 billion assets under management and more than 50 corporatestrategic investors spanning 11 countries, Fifth Wall has assembl...

CleverTap Names Miten Mehta as Chief Alliance Officer to Head ...

MOUNTAIN VIEW, California, July 17 /PRNewswire-AsiaNet/ -- - Miten will join CleverTap Global Executive Leadership team and contribute to the strategic growth by leading Channel Partnership ...

Icertis Cements Undisputed CLM Market Leadership with $115 Mil...

BELLEVUE, Washington, July 17, 2019 /PRNewswire-AsiaNet/ -- -- Trailblazer Becomes First Billion Dollar Contract Lifecycle ManagementCompanyIcertis ( https://c212.net/c/link/?t=0&l=en&am...

CXA Group sets up a Tech Hub in Ho Chi Minh City to support th...

SINGAPORE, July 17, 2019 /PRNewswire-AsiaNet/ -- CXA Group[https://www.cxagroup.com/], Asia's one-stop, AI driven platform for better health, wealth and wellness choices, announced today tha...

DHL partners with Teach For Uganda to create greater employability among youth

This marks the logistics group's first partnership in Africa with the Teach For All networkDHL volunteers will equip students with skills and experiences needed to enter the working worldKAM...

Signing Ceremony of the Memorandum of Understanding between JD...

SEOUL, South Korea, July 17, 2019 /PRNewswire-AsiaNet/ -- On the 3th of June 2019, Severus Kim, Overseas Business CEO of JD TECH, signed a Memorandum of Understanding (MoU) with Vu Dang Vinh...

"Tour around Fujian, Have all Blessings" -- Welcome to the Fan...

ZHANGZHOU, China, July 17, 2019 /Xinhua-AsiaNet/-- Zhangzhou, situated at South Fujian Triangle, is a key city along the Belt and Road and a well-known ancestral hometown for overseas Chines...

30th Hong Kong Book Fair opens with 680+ exhibitors

Eager booklovers waiting at the entrance of the Hong Kong Convention and Exhibition Centre (HKCEC) for the opening of the week-long HKTDC Hong Kong Book Fair, organised by the Hong Kong Trad...

Risen Energy Harvested 2 New Projects from Belt and Road Count...

NINGBO, China, July 17, 2019 /PRNewswire-AsiaNet/ -- Recently, Risen Energy Co., Ltd (hereinafter referred to as Risen Energy), announced two pieces of positive news from Belt and Road count...

Serbia President Met with NetDragon Chairman Joining Hands to Support Innovation and Education Reform

Mr. Liu Dejian, Chairman of NetDragon and NetDragon's delegation pictured with President VucicMr. Nenad Popovic, Minister without Portfolio of Serbia in charge of Innovations and Technologic...

Ideagen Confirms Decade of Successive Growth in Strong End of ...

LONDON, July 17, 2019 /PRNewswire-AsiaNet/ -- - 29% increase in revenues - EBITDA rises 30% - Software as a Service (SaaS) revenues up 63% - Strong international growth thanks to new global ...