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Ninebot rides the pandemic mobility wave as supply chain activity surges

Cons. Discr. - Autos 953 Cons. Discr. - Durables 342 Coronavirus 428 Financing 110 Info Tech - Tech Hardware 622 U.S. 4626

Ninebot, manufacturer of mobility devices, has held an IPO of Chinese Depositary Receipts. The firm’s supply chain activity has picked up recently. U.S. seaborne imports linked to the firm have jumped 64.7% higher year over year in September and by a further 189% in the first 15 days of October. The rise in demand for commuting options outside of mass transit resulting from the pandemic may be helping. Other firms are taking advantage of the trend. Total U.S. seaborne imports of electric-augmented bikes and scooters jumped 60.3% year over year in Q3’20 including a 110.6% surge in Septemb...

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