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Value Meets High Tech As NIU Debuts New Series of Electric Kick Scooters and a Nationwide Launch Within Top US Retailers
The stock market has seen unusual movement: niu technologies has risen by 2.6%. The Ministry of Commerce emphasizes increasing the support for electric bicycles through trade-ins to benefit the people.
On August 30th,niu technologies (NIU.US) rose 2.69% to $1.91. In terms of news, the Ministry of Commerce and other 5 departments jointly issued the "Implementation Plan for Promoting the Replacement of Old Electric Bicycles", proposing that localities should coordinate the use of funds to support consumer goods trade-in for old ones and adopt the actual electric bicycle replacement plan for the old ones, providing subsidies to consumers who return their old electric bicycles and purchase new ones, and encouraging consumers who enjoy the subsidies to purchase new electric bicycles produced by companies that meet the "Electric Bicycle Industry Standards".
Express News | The electric two-wheeler market is thriving with strong supply and demand, and policy-driven industry concentration is expected to increase.
Last night, the European and American stock markets soared! Assets in China also saw a big increase.
Better-than-expected retail sales data eased concerns of a hard landing for the US economy. The stock markets in Europe and America rose across the board. In terms of macro data, the monthly rate of retail sales in July in the United States recorded an increase of 1%, which was much higher than expected and the biggest increase since January 2023, greatly easing the market's concerns about the US economic recession. This also reduced investors' expectations for a sharp cut in interest rates by the Federal Reserve this year. Influenced by this, the gold futures price once experienced a dive, but then slowly recovered and closed slightly higher. Large technology stocks rose across the board, with Cisco, Micron Technology, and Tesla up more than 6%, ASML Holding and Broadcom up more than 5%, AMD, Amazon, and Nvidia up more than 4%, Intel, Qualcomm, and Texas Instruments up more than 3%, Taiwan Semiconductor, Nokia, Dow Chemical, and Meta up more than 2%, Apple and Microsoft up more than 1%, and Google A and Netf
Express News | Asia vets high-end demand for intelligentization, two-wheeler listed company sales growth.
Niu Technologies' (NASDAQ:NIU) Top Owners Are Individual Investors With 49% Stake, While 36% Is Held by Insiders