Shares of NIU Technologies (NIU) rallied 5.2% in trading on Monday, January 13th, 2025, driven by sustained demand for the company's flagship electric scooter model.
The stock surge followed NIU's launch of a sale on its KQi3 Max Electric Kick Scooter, slashing the price to $599.98 from its regular $999 price tag. The KQi3 Max boasts an impressive 40-mile range on a single charge, making it one of the longest-range e-scooters on the market.
With a top speed of 23.6 MPH, the KQi3 Max is powered by a 608.4Wh battery and 450W motor capable of tackling 25% inclines. It features regenerative braking to extend its range, self-healing tires for rugged terrain, and smart controls via a mobile app. The e-scooter's combination of long range, power, and durability appears to be resonating strongly with consumers.
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