Niu Technologies Stock Plummets 13% As Global E-Scooter Sales Crash 68%

• Niu Techs shares are retreating from recent levels. What’s pressuring NIU stock?Niu reported a quarterly revenue decline of 17.4% year-over-year (Y/Y) to 676.25 million Chinese yuan ($96.70 million), driven by a 23.8% decrease in sales volume, complemented by a 4.0% increase in revenue per e-scooter.Adjusted EPADS loss came in at 16 cents, versus a loss of six cents a year earlier.Key MetricesNiu sold 172,763 e-scooters, down 23.8% Y/Y. The company sold 158,782 e-scooters in China, down 12.9% Y/Y. It sol ...