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.
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