Ninebot Likely to Solidify Lead in High-End Intelligent Electric Two-Wheeler Market -- Market Talk

Dow Jones2025-03-07

0739 GMT - Ninebot is poised to strengthen its dominance in the high-end intelligent electric two-wheeler market, Daiwa Capital Markets analysts say in a research report. Initiating coverage with a buy rating and a target price of CNY70.00, the brokerage projects the company's market share in China's high-end segment will reach around 36% by 2027. Analysts cite the company's leadership in intelligent technology, strong brand awareness among young consumers and ongoing nationwide expansion of its distribution network. Daiwa forecasts EPS CAGR of 37% for Ninebot over 2025-2027. Shares closed 2.1% higher at CNY60.39. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 07, 2025 02:39 ET (07:39 GMT)

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