Yan Li, CEO of NIU Technologies speaks during Day 2 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 18, 2020 in Nansha, Guangzhou, China.
Zhong Zhi | Getty Images | CNBC International
GUANGZHOU, China — Shares of Chinese electric scooter firm Niu Technologies surged nearly 16% on Thursday after the company reported a jump in sales of its products.
In the fourth quarter of 2020, Niu sold 149,705 e-scooters, growing 40.9% year-on-year.
In China, Niu sold 137,586 e-scooters, accounting for 91% of total sales. China sales jumped 35% year-on-year.
Niu sold 12,119 e-scooters in international