US Stock Market Move | Niu Technologies Sponsored ADR Class A (NIU.US) rose 5%, institutions: the implementation date of the new national standard for electric bicycles is approaching, and the leading enterprises are worth looking forward to.

On Tuesday, Niu Technologies Sponsored ADR Class A (NIU.US) rose by 5% to $3.75. There is less than a month left until the new national standard for electric bicycles is officially implemented on the production side on September 1st. Changjiang stated that the formal implementation of the new national standard meets market expectations. For electric bicycles used for non-business purposes, there is no longer a requirement to install Beidou positioning modules, which is beneficial for reducing costs and prices, thereby increasing consumer demand. At the same time, the production transition period has been extended, and it is expected that in 2025, the electric bicycle market may be dominated by sales of "old bikes," with sales of "new bikes" gradually picking up after the fourth quarter. In addition, the continuation of the policy of trading in old vehicles for new ones, the flexibility of leading companies is worth looking forward to.