Scooter firm Niu to benefit as China bets big on electric vehicles

With more than 300,000 users in China, start-up Niu says This kind of is usually the country’s largest smart electric scooter brand.

“[We’re] driving consumers via low-quality poor scooters to high-quality, lithium battery scooters,” Niu CEO Yan Li told CNBC on Monday. Beijing wants at least 50 percent of all brand-new car sales to be electric by 2020 — a target in which bodes well for the firm.

Speaking on the sidelines of the Morgan Stanley Technology, Media & Telecom Conference, Li explained how his company utilizes the Internet of Things, warning in which This kind of’s still too early for driverless electric scooters.

Check out the video above for highlights via the discussion.

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