Chinese EV Startup Niutron to Issue Refunds After Delivery Failure

(Source: Niutron)

Niutron, an electric vehicle firm established by Li Yinan, the founder of Chinese electric scooter firm Niu Technologies, announced on December 7 that the firm’s first EV model could not be delivered quickly, and that a full refund would be made within 48 hours to more than 24,000 consumers. By way of apology, the company will offer min…