Niu Technologies Achieves Top ESG Ranking in China's Two-Wheeler Segment with Significant Sustainability Advancements for 2024

Niu Technologies reports improved ESG performance, leading China's two-wheeler segment with significant advancements in sustainability initiatives.

Quiver AI Summary

Niu Technologies, a leading provider of smart urban mobility solutions, announced a notable improvement in its Environmental, Social, and Governance (ESG) performance for 2024, with its S&P Global ESG Score increasing by 14 points to 43, positioning it as the top company in China's two-wheeler segment. NIU excelled in the S&P Global Corporate Sustainability Assessment, surpassing 68% of global automotive companies. As a pioneer in environmental transparency, NIU disclosed its greenhouse gas emissions and performed a climate risk assessment, leading to a significant increase in its TCFD Disclosure criteria score. The company also instituted robust policies to ensure ethical sourcing, enhance customer service, and promote employee rights, achieving high scores across various ESG components. These advancements reflect NIU's commitment to sustainability and its proactive approach to environmental governance, setting a benchmark for the industry as the company aims to further drive sustainable development in the future.

Potential Positives

• NIU's S&P Global ESG Score rose by 14 points to 43, ranking first in China's two-wheeler segment, demonstrating significant improvement in its sustainability performance.
• The company outperformed 68% of global automotive companies in the S&P Global Corporate Sustainability Assessment (CSA), indicating strong competitiveness and commitment to sustainability.
• NIU became one of the first electric two-wheeler companies in China to participate in CDP's environmental assessment, highlighting its proactive environmental governance and transparency.
• NIU achieved perfect scores in several critical areas including Product Quality & Recall Management and Customer Satisfaction Measurement, underscoring its dedication to high standards in customer service and product reliability.

Potential Negatives

• Despite improvements in ESG scores, the press release does not address specific ongoing challenges or criticisms the company may face in environmental compliance or product safety that could impact public perception.
• The focus on ESG accomplishments may suggest a need to counterbalance potential negative findings in previous assessments or public scrutiny over sustainability practices.
• The use of forward-looking statements in the release highlights inherent risks and uncertainties regarding the company's future performance and operations, potentially leading to skepticism among investors.

FAQ

What is NIU Technologies' recent ESG achievement?

NIU Technologies improved its S&P Global ESG Score by 14 points, reaching 43 and ranking first in China's two-wheeler segment.

How does NIU rank among global automotive companies?

NIU outperformed 68% of global automotive companies in the S&P Global Corporate Sustainability Assessment (CSA).

What initiatives has NIU taken for sustainability?

NIU introduced a Supplier Code of Conduct and Biodiversity and Zero Deforestation Policy to promote ethical and environmental standards.

How did NIU enhance ESG transparency in 2024?

NIU disclosed greenhouse gas emissions data and conducted a climate risk assessment aligned with TCFD for the first time.

What is NIU's commitment moving forward?

NIU plans to invest more in research and innovation for environmental management and carbon emissions control in the future.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$NIU Hedge Fund Activity

We have seen 21 institutional investors add shares of $NIU stock to their portfolio, and 28 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added 730,800 shares (+140.2%) to their portfolio in Q4 2024, for an estimated $1,308,132
• ASSENAGON ASSET MANAGEMENT S.A. added 141,736 shares (+inf%) to their portfolio in Q1 2025, for an estimated $578,282
• GREEN ALPHA ADVISORS, LLC removed 137,752 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $562,028
• CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. removed 118,124 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $211,441
• BARCLAYS PLC added 94,794 shares (+285.1%) to their portfolio in Q4 2024, for an estimated $169,681
• AMERICAN CENTURY COMPANIES INC added 71,501 shares (+438.6%) to their portfolio in Q4 2024, for an estimated $127,986
• RENAISSANCE TECHNOLOGIES LLC added 66,100 shares (+21.0%) to their portfolio in Q4 2024, for an estimated $118,319

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

BEIJING, April 17, 2025 (GLOBE NEWSWIRE) -- Niu Technologies (“NIU”, or “the Company”) (NASDAQ: NIU), the world’s leading provider of smart urban mobility solutions, today announced significant advancements in its Environmental, Social, and Governance (ESG) performance for 2024. NIU’s S&P Global ESG Score rose by 14 points year-over-year to 43, ranking the top position in China’s two-wheeler segment. In the S&P Global Corporate Sustainability Assessment (CSA), NIU outperformed 68% of global automotive companies. Notably, the Company also became one of the first electric two-wheeler companies in China to proactively participate in CDP’s environmental assessment, a global non-profit that runs the world’s only independent environmental disclosure system for companies, capital markets, cities, states and regions to manage their environmental impacts. With a strategic focus on data transparency and responsible management, NIU continues to set new benchmarks for sustainable development in the industry.

NIU’s systematic approach to ESG has delivered strong results across each assessment criteria. NIU’s S&P Global ESG Score ranked first in China’s two-wheeler segment and was among the top 4 in the broader automotive industry, surpassing the industry average by 11 points. NIU’s S&P Global CSA Environmental score exceeded more than half of global automotive companies, while its Social and Governance scores outperformed 65% and 77% of global peers, respectively. Taken together, NIU’s 2024 ESG achievements underscore its leadership in advancing sustainable development in China and highlight the breadth and effectiveness of its sustainability initiatives.

Commitment to Transparency and Data-Driven ESG Leadership

In 2024, NIU enhanced its ESG transparency by disclosing comprehensive data on direct and indirect greenhouse gas emissions for the first time and conducting a climate risk assessment aligned with the Task Force on Climate-related Financial Disclosures (TCFD) framework. As a result, NIU's S&P Global CSA Score increased from 0 to 75 in TCFD Disclosure criteria. The Company has disclosed energy consumption for three consecutive years and implemented multi-dimensional monitoring of energy intensity - per capita, per unit of production, and per unit of revenue - raising its CSA score in Energy Consumption criteria from 42 to 90.

NIU's decarbonization initiatives are further reflected in its technical achievements. The Company achieved a perfect S&P Global CSA Score for the second consecutive year in Product Quality & Recall Management, Information Security, as well as Low-Carbon Products, and Product Stewardship criteria. NIU’s transparent warranty provisions underscore its commitment to product quality and customer protection. Multi-Level Protection Scheme (MLPS) and Level 3 security certification ensure robust data protection and user privacy. The Company’s smart two-wheelers feature low-carbon designs and green manufacturing, setting industry standards for sustainability. Lightweight designs and lithium battery adoption have significantly improved resource efficiency, while the disclosure of user-based carbon reduction data has established a new benchmark for data-driven resource management.

Comprehensive and Responsible ESG Practices Across the Value Chain

“Sustainability is embedded in our business DNA and is central to driving the transformation of the global industry,” commented by Niu Technologies. “In 2024, NIU achieved breakthroughs across multiple ESG dimensions and criteria by establishing a comprehensive value chain management system, extending its responsibility throughout the industry.”

Across its upstream supply chain, NIU introduced a “Supplier Code of Conduct” and “Conflict Minerals Policy” to ensure ethical and environmental standards in raw material sourcing. The Company also issued a “Biodiversity and Zero Deforestation Policy,” reflecting its proactive approach to environmental stewardship. On the customer service front, NIU implemented 24/7 support, achieving a perfect score in Customer Satisfaction Measurement criteria. Internally, NIU’s “Employee Rights and Interests Policy” prohibits discrimination and harassment in the workplace, and includes enhanced transparency and disclosures including gender ratio data across various positions. The Company’s newly introduced “Human Rights Policy” received a perfect assessment score, underscoring its commitment to diversity and inclusion.

Pioneering Climate Disclosure and Industry Leadership

As one of the first electric two-wheeler companies in China to participate in the CDP assessment, NIU publicly disclosed its carbon emissions data through this internationally respected third-party platform for the first time, earning a “Awareness Level” rating. This milestone highlights NIU's commitments and forward-looking environmental governance, demonstrating the dedication to transparency and leadership in sustainability development initiatives. Looking ahead, NIU remains committed to sustainable development and will increase investments into research and innovation related to environmental management and carbon emissions control, leading the smart two-wheeler segment toward a more sustainable future.

About NIU



As the world’s leading provider of smart urban mobility solutions, NIU designs, manufactures and sells high-performance electric motorcycles, mopeds, bicycles, as well as kick-scooters and e-bikes. NIU has a diversified product portfolio that caters to the various demands of our users and addresses different urban travel scenarios. Currently, NIU offers two model lineups, comprising a number of different vehicle types. These include (i) the electric motorcycle, moped and bicycle series, including the NQi, MQi, UQi, FQi series and others, and (ii) the micro-mobility series, including the kick-scooter series KQi and the e-bike series BQi. NIU has adopted an omnichannel retail model, integrating the offline and online channels, to sell its products and provide services to users.


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 Technologies


E-mail: ir@niu.com

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