{"id":797818,"date":"2025-01-06T04:03:10","date_gmt":"2025-01-06T09:03:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/niu-technologies-provides-fourth-quarter-and-full-year-2024-sales-volume-update\/"},"modified":"2025-01-06T04:03:10","modified_gmt":"2025-01-06T09:03:10","slug":"niu-technologies-provides-fourth-quarter-and-full-year-2024-sales-volume-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/niu-technologies-provides-fourth-quarter-and-full-year-2024-sales-volume-update\/","title":{"rendered":"Niu Technologies Provides Fourth Quarter and Full Year 2024 Sales Volume Update"},"content":{"rendered":"
\n

BEIJING, Jan. 06, 2025 (GLOBE NEWSWIRE) — Niu Technologies (\u201cNIU\u201d, or \u201cthe Company\u201d) (NASDAQ: NIU), the world\u2019s leading provider of smart urban mobility solutions, today provides its sales volume results for the fourth quarter and full year 2024.<\/p>\n\n\n\n\n\n\n
\u00a0<\/td>\n\n 4Q 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4Q 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n\n FY2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n FY2023<\/strong>\n <\/td>\n<\/tr>\n
China Market<\/td>\n182,333<\/td>\n\u00a0<\/td>\n110,454<\/td>\n\u00a0<\/td>\n759,094<\/td>\n\u00a0<\/td>\n600,994<\/td>\n<\/tr>\n
International Markets<\/td>\n44,301<\/td>\n\u00a0<\/td>\n27,022<\/td>\n\u00a0<\/td>\n165,246<\/td>\n\u00a0<\/td>\n108,808<\/td>\n<\/tr>\n
\n Total<\/strong>\n <\/td>\n\n 226,634<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 137,476<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 924,340<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 709,802<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

In the fourth quarter of 2024, the Company sold 226,634 units, including e-motorcycles, e-mopeds, e-bicycles, kick-scooters and e-bikes. The number of units sold in China and in international markets were 182,333 and 44,301, respectively.<\/p>\n

In China, we achieved remarkable success this quarter with a 65% year-over-year growth, driven by the successful launch of new models throughout 2024 and the fulfillment of Q3 backlog orders following the implementation of new battery and electric system safety standards in late October. The new models, meticulously tailored to cater to diverse consumer segments, accounted for over 70% of Q4 sales. Notably, models such as the N-Play, NX, NT, FX, and UMAX resonated strongly with the Gen Z riders, offering cutting-edge design and features that align with their dynamic lifestyles. Meanwhile, the U1e, MT, and OT models, combining style, functionality, and safety to elevate their riding experience, were tailored to target the female riders. This strategic focus on customer-centric innovation underscores our ability to anticipate market demands and capture emerging opportunities with precision.<\/p>\n

Overseas, the micro-mobility segment delivered exceptional performance, achieving a 65% year-over-year growth in Q4 and a 57% increase for the full year. At EICMA in November, we marked our 10th anniversary by unveiling an exciting lineup of innovative products, including dirt bikes, electric motorcycles and advanced micro-mobility solutions. Over the past decade, NIU has steadily bolstered its global brand presence, earning widespread acclaim from riders, strategic partners and key opinion leaders worldwide.<\/p>\n

For the full year of 2024, the Company sold 924,340 units. The number of units sold in China and in international markets were 759,094 and 165,246, respectively.<\/p>\n

Our sales volume count disclosed above is based on the delivery from our manufacturing facility, which may vary slightly from the sales volume measured from a financial accounting and reporting point of view. NIU\u2019s sales volume represents only one measure of the company\u2019s financial performance and should not be relied upon as an indicator of quarterly financial results, which depend on a variety of factors, including revenues from accessories, spare parts and services, cost of sales, operating expenses, etc.<\/p>\n

\n About NIU<\/strong>\n <\/p>\n

As the world\u2019s leading provider of smart urban mobility solutions, NIU designs, manufactures and sells high-performance electric motorcycles, mopeds, bicycles, as well as kick-scooters and e-bikes. NIU has a diversified product portfolio that caters to the various demands of our users and addresses different urban travel scenarios. Currently, NIU offers two model lineups, comprising a number of different vehicle types. These include (i) the electric motorcycle, moped and bicycle series, including the NQi, MQi, UQi and others, and (ii) the micro-mobility series, including the kick-scooter series KQi and the e-bike series BQi. NIU has adopted an omnichannel retail model, integrating the offline and online channels, to sell its products and provide services to users.
For more information, please visit www.niu.com.<\/a><\/p>\n

\n Safe Harbor Statement<\/strong>\n <\/p>\n

This press release contains statements that may constitute forward-looking statements made under the \u201csafe harbor\u201d provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \u201cwill,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201caims,\u201d \u201cfuture,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201clikely to\u201d and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as NIU\u2019s strategic and operational plans, contain forward-looking statements. NIU may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIU\u2019s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIU\u2019s strategies; NIU\u2019s future business development, financial condition and results of operations; NIU\u2019s ability to maintain and enhance its \u201cNIU\u201d brand; its ability to innovate and successfully launch new products and services; its ability to maintain and expand its offline distribution network; its ability to satisfy the mandated safety standards relating to e-scooters; its ability to secure supply of components and raw materials used in e-scooters; its ability to manufacture, launch and sell smart e-scooters meeting customer expectations; its ability to grow collaboration with operation partners; its ability to control costs associated with its operations; general economic and business conditions in China and globally; and assumptions underlying or related to any of the foregoing.\u00a0\u00a0 Further information regarding these and other risks is included in NIU\u2019s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and NIU does not undertake any obligation to update any forward-looking statement, except as required under applicable law.<\/p>\n

\n For investor and media inquiries, please contact:<\/strong>\n <\/p>\n

Niu Technologies<\/p>\n

E-mail:\u00a0ir@niu.com<\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

BEIJING, Jan. 06, 2025 (GLOBE NEWSWIRE) — Niu Technologies (\u201cNIU\u201d, or \u201cthe Company\u201d) (NASDAQ: NIU), the world\u2019s leading provider of smart urban mobility solutions, today provides its sales volume results for the fourth quarter and full year 2024. \u00a0 4Q 2024 \u00a0 4Q 2023 \u00a0 FY2024 \u00a0 FY2023 China Market 182,333 \u00a0 110,454 \u00a0 759,094 \u00a0 600,994 International Markets 44,301 \u00a0 27,022 \u00a0 165,246 \u00a0 108,808 Total 226,634 \u00a0 137,476 \u00a0 924,340 \u00a0 709,802 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 In the fourth quarter of 2024, the Company sold 226,634 units, including e-motorcycles, e-mopeds, e-bicycles, kick-scooters and e-bikes. The number of units sold in China and in international markets were 182,333 and 44,301, respectively. In China, we achieved … <\/p>\n

Continue reading “Niu Technologies Provides Fourth Quarter and Full Year 2024 Sales Volume Update”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-797818","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNiu Technologies Provides Fourth Quarter and Full Year 2024 Sales Volume Update - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/niu-technologies-provides-fourth-quarter-and-full-year-2024-sales-volume-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Niu Technologies Provides Fourth Quarter and Full Year 2024 Sales Volume Update - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BEIJING, Jan. 06, 2025 (GLOBE NEWSWIRE) — Niu Technologies (\u201cNIU\u201d, or \u201cthe Company\u201d) (NASDAQ: NIU), the world\u2019s leading provider of smart urban mobility solutions, today provides its sales volume results for the fourth quarter and full year 2024. \u00a0 4Q 2024 \u00a0 4Q 2023 \u00a0 FY2024 \u00a0 FY2023 China Market 182,333 \u00a0 110,454 \u00a0 759,094 \u00a0 600,994 International Markets 44,301 \u00a0 27,022 \u00a0 165,246 \u00a0 108,808 Total 226,634 \u00a0 137,476 \u00a0 924,340 \u00a0 709,802 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 In the fourth quarter of 2024, the Company sold 226,634 units, including e-motorcycles, e-mopeds, e-bicycles, kick-scooters and e-bikes. 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The number of units sold in China and in international markets were 182,333 and 44,301, respectively. 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