BEIJING, Dec. 13, 2019 (GLOBE NEWSWIRE) -- NIU Technologies (“NIU”, or “the company”) (NASDAQ: NIU), the world’s leading provider of smart urban mobility solutions, has recently put into operation the newly built global R&D and manufacturing facility in Changzhou, China.

The new facility covers about 75 acres and has a designed capacity of 700,000 units per annum.  NIU installed four semi-automatic assembly lines, one highly efficient double-decker logistics facility, a products showroom, and a dedicated quality control laboratory in the new factory.  The quality control laboratory is equipped with full-automatic and semi-automatic instruments for components testing, and self-developed inspection systems for battery cell quality testing.

“After we put this new facility into operation, NIU’s annual capacity expanded from the existing 380,000 units to above one million units.  We are very excited about the growth perspective of our business as we continued to enrich our product portfolio.  In November 2019, NIU launched the first model of power-assisted electric bicycle, NIU Aero EB-01, together with three upgraded models of e-scooters designed for overseas markets.  In January 2020, NIU will attend the CES to launch two brand new series of products,” commented Dr. Yan Li, NIU Technologies’ CEO.

About NIU

As the world’s leading provider of smart urban mobility solutions, NIU designs, manufactures and sells high-performance smart e-scooters.  NIU has a streamlined portfolio of products that address the needs of different segments of the modern urban resident, while being united through a common design language that emphasizes style, freedom and technology.  NIU has adopted an omnichannel retail model, integrating the offline and online channels, to sell its products and provide services.  For more information, please visit www.niu.com.

Safe Harbor Statement

This press release contains forward-looking statements.  These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements.  Among other things, the business outlook and quotations from management in this announcement, as well as NIU’s strategic and operational plans, contain forward-looking statements.  NIU may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties.  Statements that are not historical facts, including statements about NIU’s beliefs, plans and expectations, are forward-looking statements.  Forward-looking statements involve inherent risks and uncertainties.  A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIU’s strategies; NIU’s future business development, financial condition and results of operations; NIU’s ability to maintain and enhance its “NIU” brand; its ability to innovate and successfully launch new products and services; its ability to maintain and expand its offline distribution network; its ability to satisfy the mandated safety standards relating to e-scooters; its ability to secure supply of components and raw materials used in e-scooters; its ability to manufacture, launch and sell smart e-scooters meeting customer expectations; its ability to grow collaboration with operation partners; its ability to control costs associated with its operations; general economic and business conditions in China and globally; and assumptions underlying or related to any of the foregoing.  Further information regarding these and other risks is included in NIU’s filings with the Securities and Exchange Commission.  All information provided in this press release is as of the date of this press release, and NIU does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact

Niu Technologies
Jason Yang
Investor Relations Manager
E-mail: ir@niu.com

Source: Niu Technologies