China’s Niu in discussions to provide Gojek with e-scooters, CEO says

Details

• Niu plans to expand across the world if there are “further drops in battery cell prices,” Li said.
• The Changzhou-headquartered company, which has 1,600 shops in China, aims to expand its sales network in its home market and open stores faster than last year.
• Li expects Niu’s annual production capacity to reach over 2 million scooters from April, doubling from the current 1 million.

Context:

• Niu has been sending e-scooters to Gojek for testing.
• While Niu has over 100 shops abroad, 95% of its scooters and motorcycles are sold in China.
• Japan’s Honda and Yamaha are the leading players in Southeast Asia’s two-wheeler space.