NIU’s Global R&D and Manufacturing Facility Put into Operation
2019年12月13日 - 11:09PM
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 TechnologiesJason YangInvestor Relations ManagerE-mail:
ir@niu.com
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