Interesting to compare how Niu (with Big Corporate Management...

Interesting to compare how Niu (with Big Corporate Management and Nasdaq listing) has performed compared to VMT ( with Mean and lean management team that owns 24% + of the company listed on ASX).

Share Price Performance since Covid caused havoc:

Whilst the charts have a similar shape VMT has done much better
VMT down from 31c to 15c
NIU down from $9.38 to $2.07

Product positioning:

Niu's average sale price is $ 750 about 25% of VMTs

Profitability 2021:

Nui made a loss of( $15m )
VMT made a profit of $15m

Planning for future Growth in profitability:

Niu based on a quick look seems to have gone down market with a concentration on kick scooters.

VMT has
* broadened its coverage of the market by adding the CU mini and new models further up the price point to increase market participation.
* introduced a three wheel delivery model
* Acquired Super Soco for a song.
* Acquired the French and UK distribution businesses Assets at a discount
* Acquired a call option to increase its ownership of the Italian Distribution Business
* Entered into a construction contract to increase capacity by 150,000 units PA
* Entered the Asian markets via JVs in Malasia and Indonesia.
* plans for a JV in Thailand
* Formed what turned out to be successful working relationships with Castiglioni and Malone which culminated in them investing in the company and Joining the management team to give it the broader base necessary to achieve the expansion goals.

The Future:

NUI ?

VMT has and is continuing to lay foundations for a step change.