Niu Technologies Ranks First in China’s Two-Wheeler Segment in S&P Global ESG Rankings

Rhea-AI Summary

Niu Technologies (NASDAQ: NIU) has achieved significant ESG milestones in 2024, securing the top position in China's two-wheeler segment with an S&P Global ESG Score of 43, a 14-point year-over-year increase. The company outperformed 68% of global automotive companies in the S&P Global Corporate Sustainability Assessment.

Key achievements include:

• Perfect S&P Global CSA scores in Product Quality, Information Security, and Low-Carbon Products
• CSA Environmental score exceeded 50% of global automotive peers
• Social and Governance scores surpassed 65% and 77% of global peers respectively
• Energy consumption score improved from 42 to 90
• TCFD Disclosure criteria score increased from 0 to 75

NIU has implemented comprehensive ESG initiatives including a Supplier Code of Conduct, Conflict Minerals Policy, and Human Rights Policy. The company became one of China's first electric two-wheeler companies to participate in CDP's environmental assessment, earning an 'Awareness Level' rating.

BEIJING, April 17, 2025 (GLOBE NEWSWIRE) -- Niu Technologies (“NIU”, or “the Company”) (NASDAQ: NIU), the world’s leading provider of smart urban mobility solutions, today announced significant advancements in its Environmental, Social, and Governance (ESG) performance for 2024. NIU’s S&P Global ESG Score rose by 14 points year-over-year to 43, ranking the top position in China’s two-wheeler segment. In the S&P Global Corporate Sustainability Assessment (CSA), NIU outperformed 68% of global automotive companies. Notably, the Company also became one of the first electric two-wheeler companies in China to proactively participate in CDP’s environmental assessment, a global non-profit that runs the world’s only independent environmental disclosure system for companies, capital markets, cities, states and regions to manage their environmental impacts. With a strategic focus on data transparency and responsible management, NIU continues to set new benchmarks for sustainable development in the industry.

NIU’s systematic approach to ESG has delivered strong results across each assessment criteria. NIU’s S&P Global ESG Score ranked first in China’s two-wheeler segment and was among the top 4 in the broader automotive industry, surpassing the industry average by 11 points. NIU’s S&P Global CSA Environmental score exceeded more than half of global automotive companies, while its Social and Governance scores outperformed 65% and 77% of global peers, respectively. Taken together, NIU’s 2024 ESG achievements underscore its leadership in advancing sustainable development in China and highlight the breadth and effectiveness of its sustainability initiatives.

Commitment to Transparency and Data-Driven ESG Leadership

In 2024, NIU enhanced its ESG transparency by disclosing comprehensive data on direct and indirect greenhouse gas emissions for the first time and conducting a climate risk assessment aligned with the Task Force on Climate-related Financial Disclosures (TCFD) framework. As a result, NIU's S&P Global CSA Score increased from 0 to 75 in TCFD Disclosure criteria. The Company has disclosed energy consumption for three consecutive years and implemented multi-dimensional monitoring of energy intensity - per capita, per unit of production, and per unit of revenue - raising its CSA score in Energy Consumption criteria from 42 to 90.

NIU's decarbonization initiatives are further reflected in its technical achievements. The Company achieved a perfect S&P Global CSA Score for the second consecutive year in Product Quality & Recall Management, Information Security, as well as Low-Carbon Products, and Product Stewardship criteria. NIU’s transparent warranty provisions underscore its commitment to product quality and customer protection. Multi-Level Protection Scheme (MLPS) and Level 3 security certification ensure robust data protection and user privacy. The Company’s smart two-wheelers feature low-carbon designs and green manufacturing, setting industry standards for sustainability. Lightweight designs and lithium battery adoption have significantly improved resource efficiency, while the disclosure of user-based carbon reduction data has established a new benchmark for data-driven resource management.

Comprehensive and Responsible ESG Practices Across the Value Chain

“Sustainability is embedded in our business DNA and is central to driving the transformation of the global industry,” commented by Niu Technologies. “In 2024, NIU achieved breakthroughs across multiple ESG dimensions and criteria by establishing a comprehensive value chain management system, extending its responsibility throughout the industry.”

Across its upstream supply chain, NIU introduced a “Supplier Code of Conduct” and “Conflict Minerals Policy” to ensure ethical and environmental standards in raw material sourcing. The Company also issued a “Biodiversity and Zero Deforestation Policy,” reflecting its proactive approach to environmental stewardship. On the customer service front, NIU implemented 24/7 support, achieving a perfect score in Customer Satisfaction Measurement criteria. Internally, NIU’s “Employee Rights and Interests Policy” prohibits discrimination and harassment in the workplace, and includes enhanced transparency and disclosures including gender ratio data across various positions. The Company’s newly introduced “Human Rights Policy” received a perfect assessment score, underscoring its commitment to diversity and inclusion.

Pioneering Climate Disclosure and Industry Leadership

As one of the first electric two-wheeler companies in China to participate in the CDP assessment, NIU publicly disclosed its carbon emissions data through this internationally respected third-party platform for the first time, earning a “Awareness Level” rating. This milestone highlights NIU's commitments and forward-looking environmental governance, demonstrating the dedication to transparency and leadership in sustainability development initiatives. Looking ahead, NIU remains committed to sustainable development and will increase investments into research and innovation related to environmental management and carbon emissions control, leading the smart two-wheeler segment toward a more sustainable future.

About NIU
As the world’s leading provider of smart urban mobility solutions, NIU designs, manufactures and sells high-performance electric motorcycles, mopeds, bicycles, as well as kick-scooters and e-bikes. NIU has a diversified product portfolio that caters to the various demands of our users and addresses different urban travel scenarios. Currently, NIU offers two model lineups, comprising a number of different vehicle types. These include (i) the electric motorcycle, moped and bicycle series, including the NQi, MQi, UQi, FQi series and others, and (ii) the micro-mobility series, including the kick-scooter series KQi and the e-bike series BQi. NIU has adopted an omnichannel retail model, integrating the offline and online channels, to sell its products and provide services to users.
For more information, please visit www.niu.com.

Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as NIU’s strategic and operational plans, contain forward-looking statements. NIU may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIU’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIU’s strategies; NIU’s future business development, financial condition and results of operations; NIU’s ability to maintain and enhance its “NIU” brand; its ability to innovate and successfully launch new products and services; its ability to maintain and expand its offline distribution network; its ability to satisfy the mandated safety standards relating to e-scooters; its ability to secure supply of components and raw materials used in e-scooters; its ability to manufacture, launch and sell smart e-scooters meeting customer expectations; its ability to grow collaboration with operation partners; its ability to control costs associated with its operations; general economic and business conditions in China and globally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIU’s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and NIU does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:
Niu Technologies
E-mail: ir@niu.com

FAQ

What is NIU's current S&P Global ESG score and how has it improved?

NIU's S&P Global ESG Score is 43 in 2024, representing a 14-point increase year-over-year, ranking first in China's two-wheeler segment.

How does NIU's ESG performance compare to global automotive companies?

NIU outperformed 68% of global automotive companies, with its Environmental score exceeding 50%, Social score surpassing 65%, and Governance score beating 77% of global peers.

What specific ESG policies has NIU implemented in 2024?

NIU introduced a Supplier Code of Conduct, Conflict Minerals Policy, Biodiversity and Zero Deforestation Policy, and Human Rights Policy, along with enhanced employee rights protections.

What improvements did NIU make in energy consumption reporting?

NIU improved its energy consumption CSA score from 42 to 90 by implementing three consecutive years of reporting and multi-dimensional monitoring of energy intensity.

What is NIU's CDP environmental assessment rating?

NIU earned an 'Awareness Level' rating in its first CDP environmental assessment participation, becoming one of China's first electric two-wheeler companies to participate.