Niu Technologies
NIU
Consumer Discretionary
3
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Ongoing legal investigations and class-action proceedings (NY, CA, IL) document a systemic safety defect in the KQi2 Pro model involving total loss of braking power at 100% charge because the regenerative braking system fails to engage. The company reportedly dismissed safety concerns as "normal behavior."
In May 2022, the SEC added Niu Technologies to the pre-delisting watchlist under the Holding Foreign Companies Accountable Act (HFCAA) due to failure to allow PCAOB to inspect or investigate audit work papers.
Niu Technologies is subject to the rebuttable presumption of the Uyghur Forced Labor Prevention Act (UFLPA). The company's supply chain for lithium-ion batteries and aluminum components is heavily integrated with Xinjiang-based suppliers. U.S. CBP has flagged the automotive and electronics sectors as high-risk for forced labor.
Research Sources
9 organizations
Related Exclusions
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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