The need for social distancing during the coronavirus pandemic has boosted demand for “individual traveling devices,” according to Chinese electric scooter maker Niu Technologies, which has seen its Nasdaq-listed shares surge nearly 300% this year.
The company’s Chief Executive Yan Li said the trend is observed globally: Europe, North America and even in China where the spread of Covid-19 has been largely contained. That’s because commuting via e-scooters is seen as safer and easier, compared to driving a car and taking public transportation, he added.