We recently published a list of 5 EV Winners Of Trump’s Softened Stance On China Tariffs. In this article, we are going to take a look at where Niu Technologies (NASDAQ:NIU) stands against other EV winners Of Trump’s softened stance on China tariffs.

Donald Trump had a busy first day in office, revoking former President Biden’s executive orders and announcing new measures that continue to send shockwaves through multiple industries. One thing missing from his remarks was tariffs on China, something that was a big part of his election campaign.

Has Trump’s stance on China tariffs softened now? Is this a strategic move to tone down his aggressive stance on China in order to continue business relationships with the Asian country? We believe the President is intentionally taking a softer stance and this sentiment is echoed by Chinese stocks as well. We looked at some Chinese EV stocks that enjoyed a good day of trading in the absence of tariffs on China on Tuesday.

To come up with the list of 5 EV winners of Trump’s softened stance on China tariffs, we only considered stocks with less than a $25 billion market cap.

An avid cyclist riding a sleek electric motorcycle on a rugged city street.

Niu Technologies (NASDAQ:NIU)

Niu Technologies (NASDAQ:NIU) manufactures scooters, bicycles, mopeds, and electric motorcycles in China. The company has a distribution network in 53 different countries, making it a strong global player despite its small size. It has a per-year production capacity of two million units.

Niu Technologies' (NASDAQ:NIU) growth within China continues to be impressive, with a growth rate of 12.5% for its scooters division. On the global stage, the company’s e-scooter sales grew by 17.5% in the third quarter. The company’s new line of scooters is available in the US and Europe and is poised to contribute significantly to its future growth.

The stock is down almost 50% from its October highs, presenting a good opportunity for investors hunting for multi-bagger stocks.

Overall, NIU ranks 4th on our list of EV winners Of Trump’s softened stance on China tariffs. While we acknowledge the potential of NIU as a leading AI investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as NIU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.