Segway-Ninebot Concludes License Agreement with BMW Group with the Aim of Developing a New Safety E-Scooter

CHANGZHOU,China,Nov. 21,2024 -- Nine Tech Co.,Ltd. has signed a license agreement with the BMW Group,under which Nine Tech's electric two-wheeler business unit receives the rights to use certain patents on safety technology developed by the BMW Group for two-wheelers. Nine Tech is a subsidiary ofSegway-Ninebot,a leadingprovider of innovative mobility solutions with product portfolio coveringelectric kick-scooters,electric two-wheeler,all-terrain-vehicles (ATV),self-balancing vehicles,robotics,and other mobility and lifestyle products under the brands of Ninebot and Segway.

Based on this license,Nine Tech Co.,Ltd. plans to develop and produceits owninnovative electric two-wheelerswith special safety features.With this product,Ltd. is opening up a new product segment with highglobalmarket potential.