US stock anomaly | Niu Technologies (NIU.US) rose 5% Institutions: The new national standard for electric bicycles is approaching, and the leading companies are worth looking forward to.
According to the Securities Times app, on Tuesday, Niu Technologies (NIU.US) rose by 5%, reaching $3.75. With less than a month left until the new national standard for electric bicycles is officially implemented on the production side on September 1st, Changjiang Securities stated that the formal implementation of the new national standard is in line with market expectations. For electric bicycles used for non-business purposes, it is no longer mandatory to install the Beidou positioning module, 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 by 2025, the electric bicycle market may be mainly dominated by sales of "old cars", with sales of "new cars" gradually increasing after the fourth quarter. In addition, the continuation of the trade-in policy adds to the anticipation of flexibility in leading companies.
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