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Recently, the U.S. Consumer Product Safety Commission issued a notice on its official website that Segway (Segway) is recalling about 220,000 Segway Ninebot Max G30P and Max G30LP scooters due to the risk of falls and serious injuries, manufactured in China and Malaysia. Segway has received 68 reports of folding unit failures, including 20 injuries, including abrasions, bruises, lacerations and fractures.
Founded in 1999 and headquartered in the United States, the company is a pioneer in the field of self-balancing vehicles and electric scooters, according to Segway's official website; Founded in 2012 in Beijing, China, Ninebot focuses on exploration and innovation in the field of robotics and personal mobility. In 2015, the two companies entered into a strategic merger to form Segway-Ninebot, an international company with operations on multiple continents.
The reporter consulted the official website of Nine Company China, and the scooter series currently on sale include ZT3 series, F2 series, E2 series, C2 series, MAX G2 series, and there is no recall: Max G30P and Max G30LP scooters. However, the reporter searched the two major e-commerce platforms of Taobao and Jingdong and found that there are a small number of third-party stores selling these two models of products.
Regarding whether the recalled scooter is the company's main product in the U.S. market, and whether the company has similar recall plans in other markets, the reporter recently sent an interview outline to No. 9 Company, but there was no reply as of press time.
In addition, the reporter noticed that Segway-Ninebot posted the relevant content of the "G30 recall" on its official website, and the company said that it cooperated with the U.S. Consumer Product Safety Commission to carry out a proactive maintenance recall of the Segway Ninebot Max G30P and Max G30LP scooters, which aims to ensure optimal performance and safety by providing customers with free self-service maintenance kits. Over time, depending on the riding conditions, the folding unit may need to be checked and tightened regularly. No returns or exchanges are required.
On October 29, 2020, Nine Company was successfully listed on the Science and Technology Innovation Board (stock abbreviation: Nine Company, code: 689009), becoming the "first VIE+CDR stock" among listed companies in China.
At present, Nine has regional headquarters in Beijing, Dallas, Southern California, Changzhou, Amsterdam, Paris, Barcelona, Cologne and Singapore, with more than 4,000 employees from more than 30 countries. The company's products are developed in mainstream markets such as Europe, America, Australia, New Zealand, the Middle East and Turkey, and the European market has settled in major local KAs and e-commerce platforms, covering online and offline mainstream channels; In the Americas and Asia-Pacific markets, it has entered online on Amazon, eBay, Media Mart and other e-commerce platforms, and offline on Costco, Walmart, Target, Best Buy and other large chain supermarkets and outdoor sports chain stores.
Overseas markets have accounted for more than 40% of the revenue. In the first half of 2024, Nine Company achieved overseas revenue of 2.803 billion yuan, accounting for 42% of revenue. In recent years, Nine has continued to appear at the International Consumer Electronics Show (CES) held in the United States, showcasing its all-terrain vehicles, intelligent lawn mower robots, E-bikes and other products.
Previously, Nine Company released its 2024 performance report, in 2024, the company achieved a total operating income of 14.171 billion yuan, a year-on-year increase of 38.63%, and a net profit attributable to the owners of the parent company of 1.088 billion yuan, a year-on-year increase of 81.90%.
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