- It added that Niu makes scooters and motorcycles powered by lithium-ion batteries and 95 per cent of its sales by unit are in China
- Niu sold 600,892 two-wheelers globally last year, up from around 43 per cent on 2019
As per a report by Reuters, Niu Technologies is in talks to supply its electric scooters to Southeast Asian ride-hailing company Gojek to increase market share in the region, it’s CEO told Reuters. It added that Niu makes scooters and motorcycles powered by lithium-ion batteries and 95 per cent of its sales by unit are in China. The company has been sending some scooters to Gojek for testing, CEO Li Yan said.
Li, CEO of six-year-old Niu Technologies said in an interview as per the report that the company will definitely want to grab market share globally. He added that this depends on further drops in the cost of battery cells, which is helped by the scaling up of electric vehicles.Indonesian company Gojek declined to comment. Niu buys battery cells from Panasonic, Samsung SDI, LG Chem and Eve Energy.
Plans to expand its sales network in smaller Chinese cities
The report added that Niu sold 600,892 two-wheelers globally last year, up from around 43 per cent on 2019. About 95 per cent of these sales were made in China and mostly came from the country’s top 20 to 30 cities, Li said.
The report added that the company has 1,600 shops in China selling Niu scooters currently. It also has more than 100 shops overseas and more than 1,000 dealers.Liu said the company plans to expand its sales network in smaller Chinese cities and will open shops at a faster pace than last year, when it opened 600 shops added the report.
Presently, Niu makes electric two-wheelers in China’s eastern city of Changzhou. It is also doubling its manufacturing capacity and will have annual manufacturing capacity of more than 2 million scooters from around April this year, increased from 1 million annual capacity now, the CEO said.
