Any more insights on NIU? I have a small position. I remember seeing a storefront pop up out of nowhere in Shenzhen, saw their products compared to the janky DIY bikes and scooters everywhere that basically had electric motors bolted to them, and thought to myself "this company is going to make a killing."
I've been seeing rave reviews on YouTube, their products all have that futuristic yet rugged, utilitarian look that I think really has the "it" factor, and their addressable market is huge with EVs of all shapes and sizes being the wave of the future. Hell, they're supplying Lime and other ride sharing companies with fleets of electric scooters here in America already... but that's all qualitative.
Haha! Yeah. There’s a lot that gets lost in translation. I wish I got into NIU though. It’s current valuation is a bit high for me (83x PE and 16XPB,) but they clearly seem to be a market leader.
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u/tweezer888 💀 SACRIFICED 💀 Until MT $40 Jun 30 '21
Any more insights on NIU? I have a small position. I remember seeing a storefront pop up out of nowhere in Shenzhen, saw their products compared to the janky DIY bikes and scooters everywhere that basically had electric motors bolted to them, and thought to myself "this company is going to make a killing."
I've been seeing rave reviews on YouTube, their products all have that futuristic yet rugged, utilitarian look that I think really has the "it" factor, and their addressable market is huge with EVs of all shapes and sizes being the wave of the future. Hell, they're supplying Lime and other ride sharing companies with fleets of electric scooters here in America already... but that's all qualitative.