Shares of Niu Technologies (NIU) surged 6.94% in pre-market trading on Thursday, as investors responded positively to the company's recent environmental, social, and governance (ESG) achievement. The electric scooter manufacturer has claimed the top spot in China's two-wheeler segment in the latest S&P Global ESG Rankings, showcasing its commitment to sustainable and responsible business practices.

The S&P Global ESG Rankings are widely respected in the investment community, often influencing decisions of socially responsible investors and funds. Niu Technologies' first-place ranking in its segment demonstrates the company's strong performance across environmental, social, and governance factors compared to its peers in the Chinese two-wheeler market.

This recognition could have significant implications for Niu Technologies. It may attract more environmentally conscious investors, potentially leading to increased capital inflows. Furthermore, the top ESG ranking could enhance the company's reputation among consumers and partners, possibly translating into stronger brand loyalty and new business opportunities in the rapidly growing electric vehicle market in China and beyond.