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LOS ANGELES - NIU Technologies (NASDAQ: NIU), a global leader in smart urban mobility solutions whose stock has surged nearly 97% year-to-date according to InvestingPro data, has announced the introduction of its KQi 200 Series electric scooters today. The company, currently valued at approximately $268 million, continues to demonstrate strong market momentum with a 24% revenue growth over the last twelve months. The new models, which include the KQi 200P and KQi 200F, are built upon the success of the company’s KQi2 Pro model and aim to offer enhanced performance and comfort at competitive price points.
The KQi 200P is targeted at riders seeking power and stability, equipped with wide handlebars for precise control and a comfortable ride. It boasts a top speed of 19.5 mph and a range of 32 miles, improvements over its predecessor. This model will be available at select Best Buy stores from May 1, 2025, for $649.
On the other hand, the KQi 200F is designed for daily commuters who value portability and convenience. The foldable scooter features collapsible handlebars for easy storage and transport. It is available exclusively online at NIU.com for $699.
Both scooters in the KQi 200 Series come with dual-tube suspension for a smoother ride, advanced safety features including a front drum brake and rear e-brake system, and a 350W brushless motor that peaks at 700W. The scooters also feature a sleek design with integrated wiring and swappable grip tape, and they are supported by a 2-year warranty.
NIU’s smart battery management system, which provides 14 layers of protection, and the new app features enhance the user experience by allowing customization of start speed, activation of alarms, selection of acceleration modes, and setting charge limits to prevent battery aging.
The company continues its commitment to making high-tech, sustainable transportation accessible, as stated by Ben McGill, Head of North America of NIU. With the launch of the KQi 200 Series, NIU intends to redefine electric mobility for daily commuters and adventure seekers alike. According to InvestingPro analysis, NIU maintains a FAIR financial health score, with analysts setting price targets ranging from $3.57 to $5.75 per share. For deeper insights into NIU’s financial performance and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro along with 12 additional ProTips and extensive financial metrics.
This announcement is based on a press release statement from NIU Technologies. For more information on the KQi 200 Series and other products, visit NIU’s official website.
In other recent news, Niu Technologies reported its Q4 2024 earnings, revealing a significant revenue miss. The company posted actual revenue of 819 million RMB, falling short of the forecasted 5.33 billion RMB. Despite this shortfall, Niu Technologies experienced a robust 65% year-over-year increase in sales volume, reaching 226,600 units. For the full year 2024, the company achieved a total sales volume of 924,000 units, marking a 30% increase compared to the previous year. The gross margin for Q4 2024 was 12.4%, a decrease from 19% the previous year, reflecting ongoing profitability challenges. Looking ahead, Niu Technologies plans to expand its retail presence significantly in 2025 and aims to achieve profitability by Q2 2025. The company also anticipates launching two new product series in China and expects a 30-50% growth in the kick scooter segment. These developments come as Niu Technologies continues to address supply chain disruptions and market saturation in the electric two-wheeler market.
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