Other Opportunities If anyone could share some other opportunities they think will pay off it would be much appreciated.
For my part I like a company called NIU. It’s a Chinese smart electric scooter manufacturer based in China. These scooters aren’t like Lime or Bird; one because NIU manufactures scooters (doesn’t just plunk them in cities for ride sharing) and two because they are meant to be purchased by end users for daily use, not for public sharing. I’m looking at an inevitable trend not a fad.
I recently spent a couple years in SE Asia and I can tell you that they love their scooters and they are a ubiquitous as the car is in North America.
I’m an investor in Oil and Gas but I see the future of transportation in electric vehicles. This includes both four wheel and two wheel autos. The market for electric scooters is set to expand as governments incentivize and legislate Clean vehicles. The Asians are a bit behind us in this but the market is huge and they will be buying electric scooters en made not cars. Part of the reason for that is economic (scooters cost less) but also logistical because Asian cities are too crowded for mass four wheeled vehicle adoption.
I don’t really like the idea of investing in a Chinese company. I’ve heard of investors, such a Yahoo, getting scammed or the class action lawsuit against NIO (Chinese electric car company with similar name to NIU) for making false statements. Certainly, they don’t have the same reporting standards we have in Canada.
However, if we’re to go by their numbers, NIU has about 100M US in the bank, a 718M US market cap and is near break even while rapidly expanding sales rapidly in China and Europe. NIU is about five years old. To me this looks like a growth story (NIU) within a broader growth story (mass adoption of electric vehicles).
The company share price has been going a bit crazy recently but the fundamentals of the stock and market appear to be good.
This is an industry that I see as overlooked and due to explode in the coming years.
It’s hard to get in on the ground floor with a good EV or tech company because private investors get in early (like Ford and Amazon with Rivian) and by the time they go public their value is hugely inflated.
I’m hoping NIU will be a way to get in early before the herd.