Electric scooters are set to be the future of urban mobility, Chinese tech CEO claims
As many cities are trying to boost environmentally friendly public transit systems, Yan Li, CEO of Chinese tech company Niu Technologies, says smart electric scooters may be the future of urban mobility.
Due to congestion in many cities, cars tend to travel at about 15 kilometers per hour, on average, while moving room in subways during rush hour is very limited in places like Beijing, according to Yan Li, CEO of"When we look at urban mobility, when we look at the data, actually, most people travel individually in the city," he told CNBC's Arjun Kharpal on Wednesday in. "We look at the best transportation mechanism for them and cars are, obviously, not a good solution.
In recent years, countries around the world have pushed for a greater adoption of electric vehicles, with China adopting various policies and subsidies.found that the global stock of electric two-wheelers was about 260 million by the end of 2018. A majority of them were in China, according to the agency.
Traders, meanwhile, are not wholly optimistic about the company: Its share prices are down more than 14% so far this year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russell Simmons’ All Def Digital Lays Off Staff in Reorg; CEO Claims Company Isn’t Shutting DownAll Def Digital, the hip-hop and urban youth culture media company founded by Russell Simmons, has gone through a major restructuring but is not folding, according to president and CEO Chris Blackw…
Read more »
For Louis Vuitton’s CEO, L.A. is ‘the culture capital of the world’A world premiere of Louis Vuitton’s traveling exhibition in Beverly Hills last week showed the French label increasingly views Southern California as a vital market.
Read more »
Nestlé’s CEO sees future in plant based burgers, chicken, sausages and baconHe’s the man behind KitKat, Nespresso and Haagen-Dazs, but despite manufacturing some of the world’s best-known products, Mark Schneider, chief executive of...
Read more »
Insurance rates 'have increased 10-fold' after attacks in the Strait of Hormuz, shipping CEO saysSix oil tankers and a U.S. spy drone have been attacked since May either in, or near, the Strait of Hormuz.
Read more »
Google makes another acquisition under its new cloud CEOGoogle Cloud is making another acquisition under new CEO Thomas Kurian.
Read more »
Napa Valley Film Festival Hires Former Rogers & Cowan Boss Tom Tardio As CEOThe Napa Valley Film Festival has hired Tom Tardio, the former longtime chief executive of entertainment marketing and PR giant Rogers & Cowan, as its CEO. He starts in the post immediately and…
Read more »