This article only represents the author's own views.
A “perfect storm” of factors zapped Niu Technologies (NIU.US) in the fourth quarter, capping a year that China’s leading electric scooter maker would almost certainly rather forget.
The list of issues dogging Niu were led by some of China’s harshest-ever lockdowns and other Covid control measures in October and November, forcing the closures of many of the stores where the company’s scooters are sold. The problems already began earlier in the year when the price of batteries that power most of its products began to soar on soaring lithium prices.
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